Imports Are Really Hurting the American Workforce

Posted on Dec 09, 2015
Wal-Mart's China imports cost 400,000 U.S. jobs during 2001-2013 - report
Reuters: Wal-Mart Stores Inc.'s import of goods from China led to the loss of more than 400,000 jobs in the United States between 2001 and 2013, according to a report from a U.S.-based nonprofit think tank. The world's largest retailer likely accounted for 15.3 percent of the growth in the U.S. goods trade deficit with China in the same period, the Economic Policy Institute said in its report. The U.S. trade deficit with China increased almost fourfold to $324.2 billion in the 12 years to 2013, with Wal-Mart accounting for $48.1 billion of the total, according to the report.
Steve Lombardi
Iowa personal injury, workers' compensation, motorcycle, quadriplegic, paraplegic, brain injury, death