Nike Inc, one of the most famous brands of shoes has come out in favor of the Trans Pacific Partnership saying that it will bring thousands of jobs to the U.S. However, the Wall Street Journal questions the validity of Nike’s claim and states that it is unclear on how lowering tariffs on imports into the U.S. would help Nike boost jobs in the country.
Tag Archives: Manufacturing
The United States is facing economic disaster on a scale few nations have ever experienced. Most people are unaware of the easily observable signs of this crisis, where it came from and how to stop it. While we persist in our superpower mentality, we have quietly become a second-class country in many respects.
For most Americans the economy has not gotten better. A survey from the Federal reserve reports that fewer than one-third of Americans believe they are better off financially than they were five years ago, with a lack of household savings and large debt burdens holding back large segments of the economy.
Once the wealthiest city in America, known as the “arsenal of democracy,” Detroit was the fourth largest city in the U.S. in the 1960s, with a population of two million. Now a microcosm of everything that is wrong with the American economy, Detroit has become nothing more than a devastated landscape of urban decay with a population of about 700,000.
President Obama promised 5 million green jobs during his presidential campaign in 2008. Not only did he fall short by a long way, but in fact we’ve lost hundreds of manufacturing companies, with thousands of employees laid off. During his 2012 re-election campaign, President Obama promised jobs again, this time promising 1 million manufacturing jobs which he has yet to come close to fulfilling. He has only added a little over 189,000 manufacturing jobs. With so little being made in the United States compared to decades ago, we must now, more than ever, join together and buy American made products.