When you calculate the value of those jobs on the Chinese scale, meaning that the "value" of the jobs is what a Chinaman would take, then they probably DO account for 0.1 %. However, if a Chinaman makes 1/20 of what an American would make (.50 an hour vs $10), then the value of the jobs in American money is 2% (which might just be really close to reality).

I'll bet he's pricing the value at the Chinaman's wages, not the American.

The loss to the economy is the difference between the American wage and the Chinaman's. And a significant percentage is even Social Security and Income Tax. Bad for America, bad for retirees.