Florida Lost 115,000 Jobs to China Between 2001 and 2010
Florida isn't typically thought of as a major hub of manufacturing, but the state does, or well, used to excel in certain areas of ;manufacturing like medical devices according to 247WallSt.com. Most of the jobs lost to China, in Florida as well as across the United States, have been manufacturing jobs.
The effects of the trade deficit with China has had implications on employment beyond just manufacturing.
"Competition with low-wage workers from less-developed countries such as China has driven down wages for workers in U.S. manufacturing and reduced the wages and bargaining power of similar, non-college educated workers throughout the economy," finds the EPI. "The affected population includes essentially all workers with less than a four-year college degree--roughly 70% of the workforce, or about 100 million workers."
Have fun on that next trip to Walmart!
Follow Miami New Times on Facebook and Twitter @MiamiNewTimes.