I Lost My Job to China
Everybody looks for a scapegoat.
You would think that Americans who have lost jobs in the past year or so would be more likely to want to blame …well, China. Everything else that goes on is blamed on China, right?
But that is not the case.
52% of the general public thinks that severe job loss is due to China.
Only 4% more of those who lost jobs this past year blame it on China. (56%)
33% of the public thinks moderate job loss is due to China.
Compare to that 27% of those who lost jobs last year who think the same thing.
Still, a whopping 80+% think that job loss severe or moderate is due to work heading to China in one way or another.
What do you think?
Post a new comment
Loading ...
06/06/2006
Hi Bill,
You must be very careful when drawing the conslusion that American job loss is due to China. As you said, everyone is looking for a scapegoat, but unfortunately, nationalistic sentiment prevent them from thinking about the true reason of their job loss: the US-led globalization. I don’t really take American “public opionion” seriously. It means nothing because there is too much manipulation, by the state as well as by the madia. I wonder how many of those China bashers know anything about the country at all.
Joseph
07/06/2006
Joseph,
These are excellent insights and I couldn’t agree with you more.
I don’t think job loss is China’s fault. But unfortunately many Americans do think that.
I think American job loss is because Americans have grown lazy. They cannot produce quality products like the Japanese and they cannot manufacture them economically like the Chinese. It won’t be lonb before Chinese quality passes the US, too. And then the US will have very serious problems.
Thanks for visiting and for your insights.
I hope you will share them again.
05/12/2009
Left to fester much longer, the trade deficit could cause an economic Armageddon reminiscent of the Great Depression. President Obama, afraid China won’t buy U.S. debt, won’t challenge China on currency and trade. That demonstrates how little Obama and Treasury Secretary Geithner understand about money and trade. If China doesn’t buy our bonds, all those dollars Beijing purchases to keep its yuan cheap will get stashed in the vaults of the Peoples Bank of China and go out of circulation. China undervalues its currency to boost its U.S. sales, domestic employment and growth. Its economic miracle is engineered by Beijing buying hundreds of billions of U.S. dollars, with freshly printed yuan, to keep its currency undervalued and Chinese products inexpensive in U.S stores. Then China uses those dollars to buy U.S. Treasury securities. I reiterate America has no jobs because the global companies love money more than America (these companies need to decide if they are American or Chinese). If they leave their manufacturing facilities in China, laws need to be passed that they move their headquarters there too. Then they can live under communist law. America has no jobs because our free trade laws are a joke. America has no jobs because of our trade deficit. So who does our President invite to the job summit today for input and advice? The very same people who have been instrumental in the slow destruction of our country- the leaders of the global companies. Let me stress one simple fact, if our leaders do not make these changes, nothing else will work. The fixes will mean that we have to stand up to China and the global companies and to do so now.