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by x0x0
4018 days ago
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Except we don't. The story of trade they tell in undergrad econ is that the country as a whole will benefit while individuals / individual sectors will be hurt. The country as a whole will benefit so much that we can help those that are hurt and still come out ahead. Unfortunately, this is america, so we virtually never get around to helping those that are hurt, or when we do, it's not at all effective [1]. So trade, in practice, is a transfer from those less well-off to those more well-off. Not to mention that Obama is a liar and the purpose of this treaty is to remove worker protections. See, eg, the position of labor in vietnam: they widely oppose the TPP. We're a rich country and we can afford to not use virtual slave labor to make our clothes. [1] http://archive.wilsonquarterly.com/in-essence/no-help-displa... |
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* Workers currently paid on average $40k/year will lose their jobs. * They will get new jobs paying on average $60k/year * The businesses that pay them will get an extra $200k/year in profit.
I pulled those figures out of thin air, but you can play around with them and see that it's very easy for a trade agreement to be good for everyone while still being disproportionately better for the people who control the business.