The China Syndrome

Autor-Dorn-Hanson, The China Syndrome: Local labor market effects of import competition in the U.S. (link)

Autor-Dorn, The Growth of Low-Skill Service Jobs and the Polarization of the U.S. Labor Market (link)

WSJ report.

The authors calculate that the cost to the economy from the increased government payments amounts to one- to two-thirds of the gains from trade with China. In other words, a big portion of the ways trade with China has helped the U.S.─such as by providing inexpensive Chinese goods to consumers─has been wiped out. And that estimate doesn't include any economic losses experienced by people who lost their jobs.