The New York Times
Date: DEC. 9, 2015
By HIROKO TABUCHI
Imports from China by Walmart, the nation’s largest retailer and
biggest importer, eliminated or displaced over 400,000 jobs in the United States between 2001 and 2013, according to an estimate by the Economic Policy Institute, a progressive research group that has long targeted Walmart’s policies.
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The jobs, mostly in manufacturing, represent about 13 percent of the 3.2 million jobs displaced over those same years that the study attributes to the United States’ goods trade deficit with China. Walmart’s Chinese imports amounted to at least $49 billion in 2013, according to the study, which was based on trade and labor data. Over all, the United States’ trade deficit with China hit $324 billion that year.
“Walmart is one of the major forces pulling imports into the United States,” said Robert E. Scott, an economist at the institute and the study’s author. “And the jobs we’re losing are good-paying manufacturing jobs, which pay higher wages and provide better benefits.” [FULL STORY]