Home Back Issues September 2008 Study: China trade wallops Oregon Jobs

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

A Complex Portrait: Immigration, Jobs and the Economy

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE & KIM MOORE

Oregon Business reports on the visa squeeze, the skills gap and foreign-born residents who are revitalizing rural Oregon.


Read more...

The Rail Baron

October 2014
Thursday, September 25, 2014
BY LINDA BAKER

Oil is gushing out of the U.S. and Canada, and much of it is coming from places that don’t have pipeline infrastructure. So it’s being shipped by rail.


Read more...

I Know How You Feel

November/December 2014
Wednesday, October 22, 2014
BY JESSICA RIDGWAY

Most smartphones come equipped with speech recognition systems like Siri or Cortana that are capable of understanding the human voice and putting words into actions. But what if smartphones could do more? What if smartphones could register feeling?


Read more...

Gone Fishing

October 2014
Thursday, September 25, 2014
BY LORI TOBIAS

Business has been good to Laura Anderson, leading some to suggest she must be awfully lucky to find such success in a business notorious for failure. But luck’s had little to do with it.


Read more...

Revenge Forestry

November/December 2014
Tuesday, October 14, 2014
BY JONATHAN FROCHTZWAJG

A flare-up in the Elliott Forest raises questions about détente in Oregon’s timber wars.


Read more...

Woman of Steel

November/December 2014
Wednesday, October 22, 2014
BY LINDA BAKER

Tamara Lundgren tackles the challenges—without getting trampled.


Read more...

What I'm Reading

November/December 2014
Wednesday, October 22, 2014

Peter Lizotte at ACME Business Solutions and Roger Busse at Pacific Continental Bank share their favorite reads.


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