Post by unlawflcombatnt on Mar 20, 2011 15:27:40 GMT -6
I've often inserted figures for the number of jobs lost per $ of trade deficit. However, the actual numbers given by economists very considerably. So I thought it would be useful to give some of those varying numbers, using estimated job losses from different figures from the Economic Policy Institute.
epi.3cdn.net/2ed5ba48430c9667bd_xgm6bndi6.pdf
"This study examines proposed U.S. trade agreements with Colombia and South Korea and projects that they are likely to increase the U.S. trade deficit by $16.8 billion, and eliminate or displace 214,000 U.S. jobs."
$78.5K per job, combined Columbian & So. Korean trade deals.
___________________________
"The United States experienced similar results in FDI and trade with Mexico following the 1993 North American Free Trade Agreement (NAFTA). Scott (2006) shows that between 1993 and 2004, U.S. trade deficits with Mexico increased $60 billion, causing the loss or displacement of 560,000 jobs in the United States."
$107K per job with Mexico (from NAFTA)
_____________________
"The U.S. vehicle and parts trade deficit with Mexico, which was liberalized under the NAFTA agreement in 1993, reached $28 billion in 2008, eliminating more than 200,000 jobs or job opportunities in these industries."
$140K per job with Mexico (NAFTA) (in vehicle & auto parts production)
____________________
"Scott (2008b) shows that between 2001 and 2007 alone, the growth of U.S. trade deficits with China caused the loss or displacement of 2.3 million U.S. jobs. (using 2008 Trade Deficit with China of -$181 billion)"
$79K per job with China
_______________________
_______________________
Reprinted by Firedoglake from the Economic Policy Institute
static1.firedoglake.com/30/files/2011/01/SOTU.pdf
"EPI projects American job losses from the Korea FTA at 159,000: A study by the Economic Policy Institute examined the U.S. historical experience with major changes in bilateral trade policy – namely changes in trade flows with Mexico and China after NAFTA implementation and Chinese World Trade Organization (WTO) accession, respectively – to determine the likely impact of the Korea FTA on trade flows and U.S. jobs. EPI found that implementation of the Korea FTA would boost the U.S. trade deficit with Korea by $13.9 billion over the next 7 years"
$87K per job with S. Korea
______________________
from the American Thinker:
www.americanthinker.com/2011/01/a_scaled_tariff_would_help_bal.html
"During the 3rd quarter of 2010, our trade deficit was running at a $550-billion-per-year pace. Since trade-oriented jobs generate about $100,000 in revenue each, if trade were balanced, the United States would gain about 5.5 million productive new jobs. "
$100K per job
epi.3cdn.net/2ed5ba48430c9667bd_xgm6bndi6.pdf
"This study examines proposed U.S. trade agreements with Colombia and South Korea and projects that they are likely to increase the U.S. trade deficit by $16.8 billion, and eliminate or displace 214,000 U.S. jobs."
$78.5K per job, combined Columbian & So. Korean trade deals.
___________________________
"The United States experienced similar results in FDI and trade with Mexico following the 1993 North American Free Trade Agreement (NAFTA). Scott (2006) shows that between 1993 and 2004, U.S. trade deficits with Mexico increased $60 billion, causing the loss or displacement of 560,000 jobs in the United States."
$107K per job with Mexico (from NAFTA)
_____________________
"The U.S. vehicle and parts trade deficit with Mexico, which was liberalized under the NAFTA agreement in 1993, reached $28 billion in 2008, eliminating more than 200,000 jobs or job opportunities in these industries."
$140K per job with Mexico (NAFTA) (in vehicle & auto parts production)
____________________
"Scott (2008b) shows that between 2001 and 2007 alone, the growth of U.S. trade deficits with China caused the loss or displacement of 2.3 million U.S. jobs. (using 2008 Trade Deficit with China of -$181 billion)"
$79K per job with China
_______________________
_______________________
Reprinted by Firedoglake from the Economic Policy Institute
static1.firedoglake.com/30/files/2011/01/SOTU.pdf
"EPI projects American job losses from the Korea FTA at 159,000: A study by the Economic Policy Institute examined the U.S. historical experience with major changes in bilateral trade policy – namely changes in trade flows with Mexico and China after NAFTA implementation and Chinese World Trade Organization (WTO) accession, respectively – to determine the likely impact of the Korea FTA on trade flows and U.S. jobs. EPI found that implementation of the Korea FTA would boost the U.S. trade deficit with Korea by $13.9 billion over the next 7 years"
$87K per job with S. Korea
______________________
from the American Thinker:
www.americanthinker.com/2011/01/a_scaled_tariff_would_help_bal.html
"During the 3rd quarter of 2010, our trade deficit was running at a $550-billion-per-year pace. Since trade-oriented jobs generate about $100,000 in revenue each, if trade were balanced, the United States would gain about 5.5 million productive new jobs. "
$100K per job