CHANNILLO

Chapter One: Massive Trade Deficits are the Major Cause of Inequality in America (2)
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from China found jobs in industries unaffected by trade paying $230 less per week or $11,987 less per year.

§ï‚§ The displacement of manufacturing jobs by growing U.S. trade deficits with China has been particularly hard on minority workers: 958,800 were displaced, with wage-related losses in 2011 of $10,485 per worker and $10.1 billion overall.

§ï‚§ The rapidly growing China trade deficit displaced nearly 1.1 million jobs in computer and electronic products between 2001 and 2011, well over a third of all the jobs displaced. Wages in the computer and electronic products sector are high, even higher than average manufacturing wages, and therefore higher than wages in nontraded industries. Nearly three-fourths (74.3 percent) of the workers in this industry sector earn wages in the top half of the income distribu...

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