U.S. JOBS DESTINATIONS

Sonny Clark

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Have you ever wondered where our jobs went? Have you ever wondered why our jobs left this country? Have you ever heard a professional politician say that our foreign trade agreements are good for our economy, and that they produce American jobs? Do you still wonder and believe?

Currency Manipulation and the 896,600 U.S. Jobs Lost Due to the U.S.-Japan Trade Deficit

U.S. trade and investment agreements have almost always resulted in growing trade deficits and job losses. Under the 1993 North American Free Trade Agreement, growing trade deficits with Mexico cost 682,900 U.S. jobs as of 2010, and U.S.-Mexico trade deficits and job displacement have increased since then. President Obama promised that the U.S.-Korea Free Trade Agreement would increase U.S. goods exports by between $10 billion and $11 billion, supporting 70,000 American jobs from increased exports alone. However, in the first two years after that deal went into effect, U.S. exports actually declined, and growing trade deficits with South Korea cost nearly 60,000 U.S. jobs. The U.S. trade deficit with South Korea continues to rise.

This is important to keep in mind as secret negotiations for the Trans-Pacific Partnership (TPP) continue, most recently in Washington and New York. The United States has a large and growing trade deficit with Japan and the 10 other countries in the proposed TPP. This deficit has increased from $110.3 billion in 1997 to an estimated $261.7 billion in 2014.

Additionally, several members of the proposed TPP deal are well known currency manipulators, including Malaysia, Singapore, and Japan. In fact, Japan is the world’s second largest currency manipulator, behind China. The United States should not sign a trade and investment deal with these countries that does not include strong prohibitions on currency manipulation. Yet U.S. Trade Representative Michael Froman has testified that currency manipulation has not been discussed in the TPP negotiations (McCormack 2014).

http://www.epi.org/publication/currency-manipulation-and-the-896600-u-s-jobs-lost-due-to-the-u-s-japan-trade-deficit/?utm_source=Economic+Policy+Institute&utm_campaign=aa6b426714-EPI_News&utm_medium=email&utm_term=0_e7c5826c50-aa6b426714-55935245
_____________________________________________________________________________________

Through unfair, unjust, and one-sided foreign trade agreements and policies, we've sacrificed our economic well-being in favor of strengthening foreign economies. As a direct result, we've become consumers and not producers. We've become import dependent. No longer are skills passed down from generation to generation, due mainly to the fact that we've closed our plants and factories that once provided self-supporting opportunities that covered all education and skill levels.

Meanwhile, our work force survives off of government assistance programs and unemployment checks. We've created a poor and dependent society, and have allowed wealth to be concentrated in the hands of the elite.


 

Moonglow

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I agree....with these trade agreements with nations that are at economic war with us need to be done away with..But what really sucks is that US consumers prefer to buy items like Japanese autos..
 

EdwardBaiamonte

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Have you ever wondered where our jobs went? Have you ever wondered why our jobs left this country? Have you ever heard a professional politician say that our foreign trade agreements are good for our economy, and that they produce American jobs? Do you still wonder and believe?

Currency Manipulation and the 896,600 U.S. Jobs Lost Due to the U.S.-Japan Trade Deficit

U.S. trade and investment agreements have almost always resulted in growing trade deficits and job losses. Under the 1993 North American Free Trade Agreement, growing trade deficits with Mexico cost 682,900 U.S. jobs as of 2010, and U.S.-Mexico trade deficits and job displacement have increased since then. President Obama promised that the U.S.-Korea Free Trade Agreement would increase U.S. goods exports by between $10 billion and $11 billion, supporting 70,000 American jobs from increased exports alone. However, in the first two years after that deal went into effect, U.S. exports actually declined, and growing trade deficits with South Korea cost nearly 60,000 U.S. jobs. The U.S. trade deficit with South Korea continues to rise.

This is important to keep in mind as secret negotiations for the Trans-Pacific Partnership (TPP) continue, most recently in Washington and New York. The United States has a large and growing trade deficit with Japan and the 10 other countries in the proposed TPP. This deficit has increased from $110.3 billion in 1997 to an estimated $261.7 billion in 2014.

Additionally, several members of the proposed TPP deal are well known currency manipulators, including Malaysia, Singapore, and Japan. In fact, Japan is the world’s second largest currency manipulator, behind China. The United States should not sign a trade and investment deal with these countries that does not include strong prohibitions on currency manipulation. Yet U.S. Trade Representative Michael Froman has testified that currency manipulation has not been discussed in the TPP negotiations (McCormack 2014).

http://www.epi.org/publication/currency-manipulation-and-the-896600-u-s-jobs-lost-due-to-the-u-s-japan-trade-deficit/?utm_source=Economic+Policy+Institute&utm_campaign=aa6b426714-EPI_News&utm_medium=email&utm_term=0_e7c5826c50-aa6b426714-55935245
_____________________________________________________________________________________

Through unfair, unjust, and one-sided foreign trade agreements and policies, we've sacrificed our economic well-being in favor of strengthening foreign economies. As a direct result, we've become consumers and not producers. We've become import dependent. No longer are skills passed down from generation to generation, due mainly to the fact that we've closed our plants and factories that once provided self-supporting opportunities that covered all education and skill levels.

Meanwhile, our work force survives off of government assistance programs and unemployment checks. We've created a poor and dependent society, and have allowed wealth to be concentrated in the hands of the elite.
lets not be stupid. workers are also consumers. low prices make us richer so the whole world now supports free trade so every consumer in the world is free shop for the lowest prices in the world.
 
OP
Sonny Clark

Sonny Clark

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Have you ever wondered where our jobs went? Have you ever wondered why our jobs left this country? Have you ever heard a professional politician say that our foreign trade agreements are good for our economy, and that they produce American jobs? Do you still wonder and believe?

Currency Manipulation and the 896,600 U.S. Jobs Lost Due to the U.S.-Japan Trade Deficit

U.S. trade and investment agreements have almost always resulted in growing trade deficits and job losses. Under the 1993 North American Free Trade Agreement, growing trade deficits with Mexico cost 682,900 U.S. jobs as of 2010, and U.S.-Mexico trade deficits and job displacement have increased since then. President Obama promised that the U.S.-Korea Free Trade Agreement would increase U.S. goods exports by between $10 billion and $11 billion, supporting 70,000 American jobs from increased exports alone. However, in the first two years after that deal went into effect, U.S. exports actually declined, and growing trade deficits with South Korea cost nearly 60,000 U.S. jobs. The U.S. trade deficit with South Korea continues to rise.

This is important to keep in mind as secret negotiations for the Trans-Pacific Partnership (TPP) continue, most recently in Washington and New York. The United States has a large and growing trade deficit with Japan and the 10 other countries in the proposed TPP. This deficit has increased from $110.3 billion in 1997 to an estimated $261.7 billion in 2014.

Additionally, several members of the proposed TPP deal are well known currency manipulators, including Malaysia, Singapore, and Japan. In fact, Japan is the world’s second largest currency manipulator, behind China. The United States should not sign a trade and investment deal with these countries that does not include strong prohibitions on currency manipulation. Yet U.S. Trade Representative Michael Froman has testified that currency manipulation has not been discussed in the TPP negotiations (McCormack 2014).

http://www.epi.org/publication/currency-manipulation-and-the-896600-u-s-jobs-lost-due-to-the-u-s-japan-trade-deficit/?utm_source=Economic+Policy+Institute&utm_campaign=aa6b426714-EPI_News&utm_medium=email&utm_term=0_e7c5826c50-aa6b426714-55935245
_____________________________________________________________________________________

Through unfair, unjust, and one-sided foreign trade agreements and policies, we've sacrificed our economic well-being in favor of strengthening foreign economies. As a direct result, we've become consumers and not producers. We've become import dependent. No longer are skills passed down from generation to generation, due mainly to the fact that we've closed our plants and factories that once provided self-supporting opportunities that covered all education and skill levels.

Meanwhile, our work force survives off of government assistance programs and unemployment checks. We've created a poor and dependent society, and have allowed wealth to be concentrated in the hands of the elite.
lets not be stupid. workers are also consumers. low prices make us richer so the whole world now supports free trade so every consumer in the world is free shop for the lowest prices in the world.
At what cost? Look around you and tell me how many plants and factories are running 3 shifts a day. How many do you see unemployed, underemployed, or have given up looking for work? How many do we have living in poverty, on government assistance programs, and living in shelters? Look at lost tax revenue, cities going bankrupt, vacant homes, and college grads living with parents. What has the cost been to our economy? How much has those cheap products cost this country and her citizens?
 

EdwardBaiamonte

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How much has those cheap products cost this country and her citizens?
dear, workers are consumers and consumers saved $8 trillion in the last 10 years just from Walmart. Imagaine if every State thought he would he richer by trading only within his state?

The rule is: the more with whom you trade the richer you get, the fewer with whom you trade the poorer you get.

Please go over this with your mother every day until it sinks in!
 

EdwardBaiamonte

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if GM can sell you a new car for 20k and you an make your own for 200k which will you buy?
 

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