A report by the AmericanManufacturing.org website and a recent Pew Research Center article both focus on the discordance in opinion between the general public and elite economic and legislative policymakers on the threat of China to U.S. jobs and fiscal matters.
The general public, who largely contributes to the tax and voting base and to the domestic economy and workforce of the United States, is not accurately being represented by these “elite” lawmaker, financiers, and economists, according to these two articles.
Despite a growing insecurity by the American public and advice from former military leaders, many of our elite financial, political, and historical leaders have remained strangely blinded by the large scale offshoring of U.S. jobs to the China, not to mention the growing debt we have incurred from them.
The loss of domestic manufacturing jobs is almost directly proportionate to the increase in Chinese manufacturing jobs, and it is difficult to understand that this fact is hard for “elite” minds to grasp – from the very obvious U.S. Dept of Labor statistical evidence offered below:
- U.S. manufacturing employment in January 2000: 17,292,000
- U.S. manufacturing employment in January 2012: 11,860,000
- Annual U.S. trade deficit with China in 2000: $83.8 billion
- Annual U.S. trade deficit with China in 2011: $295.4 billion
I think these stats say a lot about our country’s current economic state, and I’m not sure why our politicians, economists, and corporate leaders are choosing to ignore them.
Or, maybe they know something we don’t. Wait, that is starting to sound like a crazy conspiracy theory.
- Public Deeply Concerned about China’s Economic Power : U.S. Public, Experts Differ on China Policies
- Public opinion and “elite” opinion differ widely when it comes to addressing China’s cheating
- What is the Future of U.S. Manufacturing?
- Sure, China’s Manufacturing Grasp May Be Slipping, But What About the United States?
- With Election Over, Will Manufacturing Rebound?
- American Manufacturing: Even the Olympic Team USA Uniforms Were Outsourced
- Ford Trying to Put More Americans Back to Work
- See Manufacturing in action across the U.S. October 5, 2012.
- Where Is the Recovery? S&P 500 Companies Outlooks for Future Are Pessimistic.