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1/12/2005

Arizona lost 24,000 jobs to China over past 14 years

The Economic Policy Institute says in a new study that the United States has lost 1.5 million jobs to China with sectors such as semiconductors, manufacturing, textiles and electronics taking heavy hits. Semiconductors and electronics are two of Arizona's top industries.The study says Arizona has lost 24,300 jobs since 1989 to China, with just under 40 percent of those occurring since 2001. That was the year China entered the World Trade Organization and became more open to Western investments and free trade. The result has been an exodus of U.S. manufacturing, textile and semiconductor jobs to China which offers cheaper labor. (MORE >>>)

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