A new jobs report out last Thursday showed companies added 288,000 jobs in February. Only 16,000 of those jobs are in goods-producing industries. The rest are in service industries such as retail and hospitality.
Tag Archives: NAFTA
Every sensible country protects its industries and companies from foreign takeover. Protectionism is a matter of self-preservation. Apparently American politicians are neither interested in being sensible nor are they interested in our nation’s economic survival.
The Trans-Pacific Partnership is a “free trade” agreement that, if passed, would unite the economies of Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, Vietnam, Mexico, Canada and the United States. Even Japan has recently signed on to the negotiations.
The American middle class has been decimated by decades of policies that put the interests of a few wealthy individuals above the best interests of America as a whole. NAFTA, CAFTA, KORUS, the WTO– these agreements have all served to enrich a few individuals who gain wealth by importing cheap goods into the United States. Meanwhile we have seen our good, middle-class jobs shipped overseas to countries with wage rates often below $4 per hour.
It has been well documented that NAFTA has sent hundreds of thousands, perhaps millions of American jobs to Mexico. Because Mexican laborers are so cheap, and “free trade” bills allow the easy movement of capital – though not labor – across borders, manufacturers naturally choose to operate in the low-wage nation. They can then sell the goods back to America for cheap, ignoring the devastation caused by so many unemployed.