Thursday, August 5, 2021


A new study says current federal limits for exposure to wireless radiation should be hundreds of times lower for children, and President Biden calls out the governors of Texas, Florida for "bad health policy."


Analysts warn the Delta variant could dampen economic recovery, former president Trump attempts to keep his federal tax returns away from Congress after a court ruling, and Mexico sues several U.S. gun makers.

Report: Trade Deficit with China Destroyed 88,000 MN Jobs


Friday, October 26, 2018   

ST. PAUL, Minn. – With the Trump administration's trade war with China showing no signs of letting up, new analysis by the Economic Policy Institute says Minnesota workers have lost 88,000 jobs since China entered the World Trade Organization in 2001.

The report says the U.S. as a whole lost 3.4 million jobs in that time. Lead author and EPI senior economist Robert Scott says the single biggest cause of growing trade deficits and job losses has been China's currency manipulation, which he explains has inflated the value of the U.S. dollar by 30 percent or more.

"This acts like a subsidy of 30 percent on everything that China exports to the United States, and a tax on everything that we would export to China, or anywhere else in world where we compete with China,” says Scott. “And they are our biggest competitor today."

Scott notes Minnesota's computer and electronic manufacturing sector was especially vulnerable to competition from low-wage operations in China. Proponents of globalization and bringing China into international trade agreements have argued that removing labor and environmental restrictions would mean greater efficiencies, more productivity and cheaper consumer goods.

Scott says growing trade deficits have not only led to the loss of manufacturing jobs with good wages and benefits – he says competition with low-wage workers in countries like China has created a ripple effect across the economy. And it has disproportionately affected some 100 million U.S. workers without a college education.

"What globalization has done is reduce the wages of people at the bottom two-thirds or more of the labor force, and really shoveled money in a very big way into the pockets of people at the very top of the income distribution, people in the top 10 percent," says Scott.

Scott says President Donald Trump deserves credit for putting the trade deficit with China front and center, but he warns the administration's current policies are likely to make the situation worse.

Scott points to a strategy spearheaded by President Ronald Reagan in 1985 as a possible solution. Reagan was able to negotiate a deal with all major international trade partners with under-valued currencies – and after five years, trade deficits went away.

get more stories like this via email

In the United States, home-care workers, mostly women and people of color, earn on average only $12 an hour. (Adobe Stock)

Health and Wellness

ALBANY, N.Y. -- Advocates for people with disabilities in New York are pushing for the federal budget resolution to include $400 billion in Medicaid …


ANNAPOLIS, Md. -- Freshwater mussels are key to keeping the Chesapeake Bay watershed clean, and with more than half of all species now facing …

Social Issues

BUFFALO, Wyo. -- The doors of five historic community halls across Johnson and Sheridan counties were opened this past weekend for 15 people curious …

Over the past six decades, there has been a steady increase in the number of fires in the western United States, according to NASA. (Adobe Stock)


RALEIGH, N.C. -- Massive wildfires in the Western U.S. and Canada have triggered poor air quality in North Carolina over the past few weeks, and …


OLYMPIA, Wash. -- Farmworkers are in Olympia today, calling for stronger protections from extreme heat. The farmworkers union Familias Unidas por la …

A video from July shows sockeye salmon with red lesions and fungus because of the Columbia River's hot water. (Conrad Gowell/Columbia Riverkeeper)


BOISE, Idaho -- Rallies are taking place across the Northwest to support salmon, which face dire conditions in the Columbia River Basin. Saturday…


IXONIA, Wis. -- The public comment period has ended, but opponents of proposed natural gas storage facilities in southeastern Wisconsin still hope to …


HARRISBURG, Pa. -- Pennsylvanians are growing worried about the environmental consequences of natural-gas drilling in the state, according to a new …


Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member and audience-supported news source since 1996 Copyright 2021