Home Archives September 2008 Study: China trade wallops Oregon Jobs

Study: China trade wallops Oregon Jobs

| Print |  Email
Monday, September 01, 2008

STATEWIDE According to a recent study by a Washington D.C.-based think tank, job loss due to trade with China has hit Oregon harder than nearly any other state in the nation. The report by the Economic Policy Institute shows that in the seven years following the admission of China into the World Trade Organization in 2001, trade with the country cost Oregon 2.9% of its workforce — the fourth-largest drop.

According to the study, 2.3 million American jobs were lost or displaced between 2001 and 2007 as the U.S. trade deficit with China increased from $84 billion to $262 billion. The reasons cited by the Institute for that deficit increase are well known to the business community: China’s manipulation of its currency, its non-tariff barriers to imports and its suppression of labor rights.

However, the study may not have fully addressed some of the factors that offset those losses. Art Ayre, employment economist with the Oregon Employment Department, could not comment on the specifics of the report. He did, however, describe how his department had attempted to do a similar analysis on job loss due to trade with Mexico but were stymied by several factors, including that trade agreements create cheaper goods for American consumers and help retain high-paying domestic jobs, all of which creates more disposable income, which in turn generates new jobs.

“We came to the conclusion that it was impossible to tell what the impacts of trade [with Mexico] were,” Ayre says.

Joy Margheim, a policy analyst with the Oregon Center for Public Policy, says she hopes the Institute’s report will remind state policy makers of the importance of safety nets — such as job retraining programs — for employees.

“In the past if you were laid off because of an economic cycle, you could get your job back,” she says. “But now we’re looking at permanent shifts in the economy.”         

ABRAHAM HYATT
ChinaTradeChart

Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

Startup or Grow Up?

September 2014
Tuesday, August 26, 2014
BY JON BELL

Startup culture is all the rage. Is there a downside?


Read more...

Poll Wrap-Up

News
Friday, August 15, 2014

2014 NewPoll-report-newsletterthumbIn this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.


Read more...

Launch

September 2014
Tuesday, August 26, 2014
BY JESSICA RIDGWAY

September's Launch article features Orchid Health, BuddyUp and Inter-Europe Consulting.


Read more...

How to add positivity to your team

Contributed Blogs
Friday, September 12, 2014
happy-seo-orlando-clientsBY TOM COX | OB BLOGGER

I often talk about what leaders can do. What about followers? If you’re a team member and you’d like to add positivity to your team, what might you do?


Read more...

Video: The 100 Best Survey

News
Thursday, August 28, 2014

100-best-logo-2015 500pxw-1OB Research Editor Kim Moore shares some pointers about the 100 Best Companies to Work For survey.


Read more...

Shipping News

September 2014
Tuesday, August 26, 2014
BY JENNIFER MARGULIS

In 2012 The Dalles, a city of some 14,400 located 75 miles east of Portland and often seen as the poor cousin to adjacent Hood River, completed a massive project to revitalize its dock.


Read more...

College Hacker

September 2014
Wednesday, August 27, 2014
BY KLINT FINLEY

Treehouse CEO Ryan Carson builds a 21st-century trade school.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS