Free Trade agreements help poor countries and hurt modern countries. In their mission statements they say that their goals are to end world poverty. The only way for that to happen is for the poor countries wage standards to eventually go up, while the modern countries wage standards go down. Meeting in equallibrium somewhere down the road.....................
Meaning we get the shaft, while Mexico gets the boom.
There is no doubt that are manufacturing jobs in this country have been severely hurt by these deals.
It is lowering our jobs, and hurting the American worker so big business can haul ass and take advantage of cheap labor and sell the products back here..............And they continue to do so as more and more jobs migrate to the 3rd World.
TPP is NAFTA on Steroids....................and guarantees we get fucked again.
Hey, if you go bomb those countries and put them back a few decades, it means they'll never get decent wages, it'll also mean you get cheap stuff from those countries meaning your money goes further.
Hasn't that been US policy for a long time now?
If you mean outsourcing of jobs..........well yeah.......take a look at the Trade deficits reported by Sessions in the article posted.
Your money goes further................tell that to the displaced workers from the cuts here to provide jobs there...........
Trump brought up a 1 Billion dollar deal with Ford. They are building a 1 Billion dollar plant in Mexico............How is that good for the American worker.............................It's not, nor is the outsourcing of jobs.
Looked at the labor participation rate................but it's ok the manipulated unemployment rate just doesn't count the ones dropped out of the labor force................
We are getting our asses handed to us by the likes of China and Mexico unless you like cheap Chinese products........That needs to change if we want to grow jobs here instead of abroad. But that will not happen, they will displace more with the TPP.
This is how things are funny. Not funny haha, funny they stink.
The US says that Capitalism is the way forwards, along with democracy. It goes around the world telling countries to be capitalist countries. It doesn't do this for the benefit of the countries it wants to be capitalist. It does it for its own benefit.
Take Bolivia. The World Bank went to Bolivia and said "we'll give you some money if you privatize industries". So Bolivia, for some reason, said yes. They privatized the water industry, this led to 25% of people in La Paz not having clean water, something essential to life.
Two companies took over the water supply. One was a French company (Suez) the other by Biwater and Bechtel (British and American). This happened in 1999. They didn't last that long, in 2005 they were terminated.
However the premise is that foreign companies go in, buy up, increase costs, reduce the wages for the workers, reduce coverage for the people, and all profits leave the country. Nothing benefits the host country, in this case Bolivia.
Water supply and sanitation in Bolivia - Wikipedia the free encyclopedia
Bolivia Food Water Watch
"In the late 1990s, the World Bank forced Bolivia to privatize the public water system of its third-largest city, Cochabamba, by threatening to withhold debt relief and other development assistance. In a process with just one bidder, U.S.-based Bechtel was granted a 40-year lease to take over Cochabamba‚ water through a subsidiary called Aguas del Tunari."
Another example is the dairy industry. Same thing happened, privatization, bought up by a foreign company, products cost more, farmers received less, profits left the country, benefiting the rich countries, like the USA.
However to change the nature of the argument a little here. The US sees outsourcing. Hardly surprising, and why people are complaining about it I don't know. It happens to be a problem because of the incompetence of the US govt and state govts, especially in regards to education.
In other first world countries they realised that education is really important. What's the difference between first world and third world countries? Simple, third world countries earn less money. So, a first world country should be looking at high tech jobs. This means you need an educated workforce to take these jobs so that lower waged jobs can be outsourced and those people earning good wages buy products cheaply from countries which pay workers less.
However the US hasn't done that, and is suffering the consequences. However the political elite isn't telling you to get angry that they're incompetent. they're simply fighting over outsourcing.
To link the two parts together. The US demands Capitalism when screwing over other countries like Bolivia, and demands a reduction in capitalism when it screws the US over. Overall the US comes out better off.
However the future for a country which can't get rid of the dollar bill because govt is so inept, and so locked away in corruption (that has been legitimised), and this leads to education not meeting the needs of the country to deal with the increase in China's development and education (they're producing highly educated robots, no creativity, no thought process by can work like mules and do high level jobs) and other countries rising up a little, the US is on the way down massively.
You can see from a site like this how little in the way of thought process is going on politically.