China's Manufacturing Surge
China's share of world manufacturing exports skyrocketed from 2% in 1990 to 17% by 2012, significantly impacting global markets. This shift led to a dramatic decline in U.S. manufacturing jobs, particularly in labor-intensive sectors like furniture production, where higher domestic labor costs made it cheaper to import goods. The estimated loss of about 1.5 million jobs underscores the profound effects of globalization on American workers and industries.In this clip
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David Autor on Trade, China, and U.S. Labor Markets
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