Report: Walmart business with China costs 400,000 U.S. jobs | Arkansas Blog

Wednesday, December 9, 2015

Report: Walmart business with China costs 400,000 U.S. jobs

Posted By on Wed, Dec 9, 2015 at 2:48 PM

The Economic Policy Institute reports that trade with China, particularly fueled by Walmart purchases there, has cost the U.S. about 400,000 jobs since 2001. It estimates Walmart has sold $49 billion worth of Chinese-made goods during that time.

This, despite Walmart's promises to buy American and create jobs at home.

A delicious double whammy coming. The Hutchinson administration just signed an agreement with China to provide help — state incentives could include everything from tax credits to direct subsidies and loans of Arkansas taxpayer money — to "lure" a Chinese company to build a pulp mill here. It so happens that Arkansas is awash with an oversupply of pulpwood. The Chinese will not be building any mill in Arizona, for example.

The double whammy. The mill will ship processed pulp back to China to be made into diapers and stuff, most likely for Walmart to sell. So we'll get some pulp mill jobs. But we'll have to give Chinese a bunch of money to get them and then it will cost more U.S. jobs by encouraging manufacturing in China.

Tags: , , , , , ,

Sign up for the Daily Update email

Comments (12)

Showing 1-12 of 12

Add a comment

Subscribe to this thread:
Showing 1-12 of 12

Add a comment

More by Max Brantley

Readers also liked…

  • Former Arkansas Attorney General Dustin McDaniel applauds Trump's EPA choice of climate change denier Scott Pruitt

    Dustin McDaniel gives the thumbs up to a man set to dismantle EPA regulations.
    • Dec 8, 2016
  • Women's March planned in Arkansas to mark Trump inauguration

    Speaking of Donald Trump and in answer to a reader's question: There will be a women's march in Arkansas on Jan. 21, the day after inauguration, as well as the national march planned in Washington.
    • Dec 30, 2016
  • Trump immigration protest at LR: Quick and fierce

    It was not even 24 hours ago that Sophia Said, director of the Interfaith Center; City Director Kathy Webb and others decided to organize a protest today of Donald Trump's executive order that has left people from Muslim countries languishing in airports or unable to come to the US at all — people with visas, green cards,a  post-doc graduate student en route to Harvard, Google employees abroad, families. I got the message today before noon; others didn't find out until it was going on. But however folks found out, they turned out in huge numbers, more than thousand men, women and children, on the grounds of the state Capitol to listen to speakers from all faiths and many countries.
    • Jan 29, 2017

Most Viewed

Most Recent Comments



© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation