Two articles on Losing Jobs to China
Article 1: Report: U.S. lost 1.5M jobs to China from 1989-2003 – Jan. 11, 2005
Article 2: Taipei Times – archives
Two articles today about jobs and China. The first focuses on currency issues, how Chinese goods are artificially cheap due to fixed exchange rates. The second article discusses the auto industry — like many articles this one states that US wages are “up to 25 times higher” than in China. While this article isn’t an in-depth analysis, it unfortunately perpetuates the idea that wages are the only thing that matters.