Thursday, November 17, 2005

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

Related: Manufacturing Employment Data: USA, Japan, Germany, UK… 1990-2009 - Global Manufacturing Employment Data from 1979 to 2007 Manufacturing Jobs Data: USA and China (1990 to 2005) - Top 10 Countries for Manufacturing Production in 2010: China, USA, Japan, Germany…

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