Manufacturing Job Losses: USA 2 million, China 15 million

Paul Solman: from October 14, 2005 Transcript on the Online News Hour (PBS):

Trade based on cheap manufacturing, cheap labor. But manufacturing is becoming more and more mechanized -- in China like everywhere else. In fact, between 1995 and 2002, China lost 15 million manufacturing jobs, compared with a loss of 2 million manufacturing jobs in the U.S.

This figure surprises many people. China has lost 7 times the manufacturing jobs the United Stats has from 1995 to 2002.

For more see, our post on: Manufacturing and the Economy