Sponsored by Lane Powell

Study: China trade wallops Oregon Jobs

| Print |  Email
Archives - September 2008
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

Downtown flower shop readies for the Valentine's Day rush

The Latest
Monday, February 09, 2015
021015-giffords-thumbBY MEGHAN NOLT

VIDEO: Gifford's Flowers brings family approach to PSU-area shop.


Read more...

5 schools helping students crack code

The Latest
Thursday, January 29, 2015
codeduthumbnailBY JACOB PALMER | OB DIGITAL NEWS EDITOR

As the costs of college mount, and as employer demand for software developers soars, coding schools and classes are popping up everywhere.


Read more...

10 Twitter highlights from #OR100Best

The Latest
Friday, February 27, 2015
100bestBY OB STAFF

Oregon Business held its  22nd annual 100 Best Companies to Work For in Oregon celebration Thursday night in the Oregon Convention Center.


Read more...

Everything old is new again: How the EEOC is reinventing itself

Contributed Blogs
Tuesday, February 17, 2015
BY TAMSEN LEACHMAN | OB GUEST CONTRIBUTOR

It is important to understand the EEOC’s priorities, and ensure that your leadership understands the shifting expectations of regulators and the heightened standards to which you (and they) may be held.


Read more...

That's Not a Watch (This Is a Watch)

February 2015
Tuesday, January 27, 2015

Smartwatches are all the rage. But old-fashioned timepieces keep on ticking.


Read more...

Transportation Fairness Alliance holds demonstration in Pioneer Square

The Latest
Wednesday, January 14, 2015
IMG 3367BY JACOB PALMER | OB DIGITAL NEWS EDITOR

Portland's cab companies urged city hall for consideration as officials weigh new rules for Uber and other ridesharing companies.


Read more...

The Carbon Calculus

February 2015
Friday, January 23, 2015
BY KIM MOORE | OB RESEARCH EDITOR

Carbon pricing is gaining momentum in Oregon, sparking concern for energy-intensive businesses — but also opportunity to expand a homespun green economy.


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