Sunday, March 20, 2016

CHINA SHOCK DEMOLISHED U.S. MANUFACTURING

Trade with China, in particular, has inflicted serious damage on
American communities across the country, damage from which they
h
ave yet to recover. As the economists David Autor, David Dorn, and
Gordon Hanson have documented, what they call the ‘China
s
hock- beginning in 1991 and lasting into this century - demolished
manufacturing
in much of the U.S. Workers in the affected communities
h
ad a hard time finding and keeping new jobs, and unemployment stayed high
and
wages low for at least a decade afterward.”



James Surowiecki, “Economic Populism at the Primaries,” New Yorker, February 28, 2016, page 21.