Few are aware that NAFTA (North American Free Trade Agreement) has rendered us uncompetitive in the world, destroyed our industrial base, caused us to outsource most of our production, and killed most of our manufacturing jobs.
Tag Archives: NAFTA
Ford Motor Company is gradually starting to move some of its production back to the U.S from Mexico. On Wednesday, construction began in Cleveland, Ohio and will soon be manufacturing Ford F-650s and F-750s. This means roughly 1,000 jobs for Ohio workers. Ford is currently under negotiations with the UAW for a new national contract which will affect a total of 52,300 workers.
The North American Free Trade Agreement has been nothing but a disaster for the U.S. Just by taking a look at the auto industry, we see how thousands, if not millions, of auto jobs have been shipped down south. Here in the U.S., the lowest paid autoworkers make $38 an hour with benefits. That is roughly four more times than the average auto worker in Mexico. It is no wonder that Mexico is the most attractive place in North America to build auto factories.
The past couple of years, President Obama has been shoving down our throats the idea of more “free trade” agreements. He has been trying to sell Americans to the idea of joining the Trans Pacific Partnership (TPP), the Transatlantic Trade and Investment Partnership (TTIP), and the Trade in Services Agreement (TISA) claiming that it will help our economy as well as our trading partners. However, studies find the complete opposite occurs when “free trading.”
“Free trade” has essentially led to the most massive wealth transfer in the history of the world. The United States has not witnessed a trade surplus since 1975, and since then trillions of dollars have been lost through trade deficits caused by “free trade” on our end and protectionism on the other. The most significant flaw with all of our “free trade” agreements is that they are impossible to enforce, and because of this competition is impossible. “Free trade” depends on the premise that all countries will play by the same rules. However, in the real world, assuring that this occurs is incredibly expensive, time-consuming and inefficient to contest.