How many jobs has Obama sent overseas?
BlogBarack Obama served as President of the United States from 2009 to 2017. During his presidency, he implemented policies aimed at creating jobs and stimulating economic growth. However, some critics argue that his administration also shipped jobs overseas, particularly through free trade agreements like the Trans-Pacific Partnership (TPP). In this article, we will examine how many jobs Obama sent overseas and the impact of these policies on American workers.
Table of Contents
ToggleJob Creation in the United States
Before examining job loss due to outsourcing, it is important to understand the overall job creation record during Obama’s presidency. According to the Bureau of Labor Statistics (BLS), the number of employed Americans increased by 14.5 million between January 2009 and May 2017. This represents a growth rate of 9.4%. Additionally, the unemployment rate fell from a high of 9.3% in April 2009 to 4.4% in May 2017, representing a reduction of 5 percentage points.
These job creation figures demonstrate that Obama’s policies were largely successful in creating jobs and stimulating economic growth in the United States. However, critics argue that his administration also contributed to job loss through outsourcing and free trade agreements.
Job Loss due to Outsourcing
While Obama’s job creation record is strong, it is also important to consider the impact of outsourcing on American workers. According to a report by the Economic Policy Institute (EPI), 2.9 million jobs were lost to outsourcing between 2000 and 2014. This represents a loss of 2% of all employed Americans. While this may not be a significant percentage, it is still concerning for American workers who lose their jobs due to outsourcing.
It is important to note that job loss due to outsourcing is not solely the result of Obama’s policies. Outsourcing has been a problem in the United States for decades and has been exacerbated by factors such as globalization and advances in technology. However, critics argue that Obama’s policies contributed to this problem by prioritizing free trade agreements like the TPP.
Summary
In conclusion, while Obama’s job creation record in the United States was strong, it is also important to consider the impact of outsourcing on American workers. Job loss due to outsourcing has been a problem in the United States for decades and has been exacerbated by factors such as globalization and advances in technology. While Obama’s policies contributed to this problem through free trade agreements like the TPP, it is important to note that job loss due to outsourcing is not solely the result of his administration’s policies. American workers continue to face challenges in finding and maintaining employment, and it is important for policymakers to address these concerns in order to promote economic growth and protect American workers.