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10 States Losing the Most Jobs to China
China is taking American jobs, labor unions, politicians and economists, have accused for some time.
The logic is simple. While a manufacturing job in the U.S. may pay $50 an hour, when salary and benefits are factored in, Chinese factory laborers make little more than a few hundred dollars a month.
With American companies moving operations to China and international companies preferring the cheaper Chinese-made goods, the Economic Policy Institute found the U.S. lost 2.8 million jobs in the past decade.
While all states have been affected, 24/7 Wall St. looked at the 10 states that lost the most jobs to China.
Read more: States Losing the Most Jobs to China – 24/7 Wall St.
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