The Wall Street Journal | China Shock Has Decimated 5.7M U.S. Jobs Since the 2000s. Now, It’s Back. | WSJ Then vs. Now @wsj | Uploaded July 2024 | Updated October 2024, 5 days ago.
The U.S. was flooded with cheap Chinese-made goods that helped keep inflation low in the late 1990s and early 2000s. Manufacturing jobs declined by 5.7 million from 2000 to today, in what economists call “China Shock.” Now, those imports from China are surging again in industries like EVs, semiconductors and renewable energy.
WSJ looks at what’s different this time around – and what that means for American jobs and the U.S. economy.
Chapters:
0:00 Chinese imports
0:46 Jobs
3:21 Tariffs and regulation
4:34 What’s next?
#China #Economy #WSJ
The U.S. was flooded with cheap Chinese-made goods that helped keep inflation low in the late 1990s and early 2000s. Manufacturing jobs declined by 5.7 million from 2000 to today, in what economists call “China Shock.” Now, those imports from China are surging again in industries like EVs, semiconductors and renewable energy.
WSJ looks at what’s different this time around – and what that means for American jobs and the U.S. economy.
Chapters:
0:00 Chinese imports
0:46 Jobs
3:21 Tariffs and regulation
4:34 What’s next?
#China #Economy #WSJ
