Posted on 09/15/2006 2:00:01 PM PDT by Mikey_1962
China is losing more manufacturing jobs than the United States. For the entire economy between 1995 and 2002, China lost 15 million manufacturing jobs, compared with 2 million in the U.S., The Conference Board reports in a study released today.
“As its manufacturing productivity accelerates, China is losing jobs in manufacturing – many more than the United States is – and gaining them in services, a pattern that has been playing out in the developed world for many years,” concludes The Conference Board study.
According to Robert H. McGuckin, Director of Economic Research at The Conference Board and co-author of the study: “Increased unemployment has also accompanied the restructuring of the industrial sector, but per capita income has risen over the period.”
The new report from The Conference Board, the global research and business membership network, is the result of a joint research project with The National Bureau of Statistics of China. The study is based on data for the 51,000 large and medium sized firms in China’s manufacturing, mining and the utilities industries. While the study focuses on the larger firms, according to McGuckin, “the same patterns are observed among smaller firms.”
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China is rapidly losing manufacturing jobs in the same industries where the U.S. and other major countries have seen jobs disappear, such as textiles. Matthew Spiegelman, Economist at The Conference Board and co-author of the study, notes: “The U.S. lost 202,000 textile jobs between 1995 and 2002, a tremendous decline by any measure. But China lost far more jobs in this sector –1.8 million. All told, 26 of China’s 38 major industries registered job losses between 1995 and 2002.”
The study points out that while developed countries’ jobs are being offshored to China, exports are only one piece of China’s industrial expansion.
(Excerpt) Read more at rtoonline.com ...
The percentage of manufacturing versus service sector jobs in the US never had anything to do with export/import (which always balances.)
The constant change toward service sector jobs is because manufacturing continues to get more efficient ALLOWING the luxury of affording service sector services.
The slope of change in the US has been unchanged for the last 100 years -- regardless of changes in export/import conditions.
China can't change the laws of economics either. Their manufacturing operations will get more efficient and they'll be able to afford more services -- hence the expansion of the service sector and the decline of the manufacturing sector -- employment wise.
China is also losing business to shops set up in places with even lower wages, such as Vietnam.
government firms
These are the worthless, Mao-era "enterprises" where the people pretend to work and the government pretends to pay them.
These "enterprises" are the reason for Chi-com banks having hundreds of billions in non-performing "loans."
Perhaps the Chi-coms would shut down all the remaining tens of thousands of "enterprises" except for one pesky thing: REVOLUTION.
over 12 million ["jobs"] lost between 1995 and 2002
12 million pissed-off masses -- and about 800 million angry peasants left out of the useful-idiot financed boom in the special economic zones (SEZ).
The maroons are comparing apples and t-rds when juxtaposing western industry to Mao's workers' paradise "enterprises."
The classic wild geese argument. Investment/ industry in low skill sectors move from one country to another.
Does any see a parallel between the loss of manufacturing jobs and the loss of agricultural work in the past?
>China is also losing business to ships set up in places with even lower wages, such as Vietnam.<
North or South, need I ask?
True, but that does not account for the WORLDWIDE drop in manufacturing jobs.
Every country in the world has lost manufacturing jobs in the last 10 years due to more efficient use of automation, and robotization.
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