Comments on: Trade Deficit with China Could Cost Half-a-Million Jobs http://economyincrisis.org/content/trade-deficit-china-could-cost-half-million-jobs Your Economic Report - Daily Wed, 22 May 2013 15:15:10 +0000 hourly 1 By: BIGuru http://economyincrisis.org/content/trade-deficit-china-could-cost-half-million-jobs#comment-2280 BIGuru Wed, 30 Nov -0001 00:00:00 +0000 #comment-2280 According to EPI, $267 Billion trade deficit would displace between 512,000 and 566,000 workers.

I think that is a conservative estimate. The actual job loss could be 4 to 5 times that as follows.

Assuming General Electric represents a sample trade products company that employs 354,000 people (direct and contract) and has a revenue of $156 Billion; now we get a number of displacement at 605,884 workers for $267 Billion.

Now add 4 times that much for all the suppliers to produce the final products, you get a scary picture.

That is just for China Trade. Imagine the world trade deficit and then think the total imports.

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