The White House and corporatists in Congress are pushing hard to pass Fast Track trade authority to railroad the massive Trans-Pacific Partnership (TPP) through Congress. Why do they need it so badly? Because without it, the TPP wouldn’t stand a chance at passing. With history showing how “free trade” agreements have failed us and the devastating effects of the WTO, this comes as no surprise.
Tag Archives: Manufacturing
While most politicians go out of their way to avoid the term “trade war,” which harkens back to the days of the Depression and protectionist tariffs, the fact is the United States is currently engaged in just such a battle. Unfortunately, the U.S. is unilaterally disarming itself in the trade war by allowing China and other nations to get away with mercantilist practices with no consequences.
In the 1950’s, 30% of the American workforce was employed in manufacturing—almost one in three jobs. This country was a manufacturing superpower; we were the world’s richest and most productive country. By 1994, approximately one in eight Americans had jobs in manufacturing. Now only 9% of jobs in the United States are in manufacturing.
In 1950 one out of every three American workers was employed in the manufacturing industry. America was the manufacturing superpower of the world, and our middle class was both booming and enjoying a high standard of living. We were the richest and most productive country in the world.