In 2004, the American wages fell by $7.6-billion. Since then, how many of our American workers have had to take less paying jobs (at minimum wage). These wage reductions came from the manufacturing sector because of Free Trade. How about a (5%) decrease in a poor man’s wage?
If trade accords along with national subsidies shielding certain sectors of agriculture and protections for the intellectual properties of business, including patent protections, they can include enforceable labor and environmental standards. At over 300 million souls the American Workers are a Society and not just an Economy.
Therefore, undermining American job security for lower prices on imports is a formula that favors the interest of capital over labor. (This is not Responsible Capitalism…This is Greed)!
We are exploiting human and natural resources through the back door of globalization. Must be Financial Murder and the destruction of the Middle Class everywhere?
Notes: Because of “free trade agreements,” American companies are moving their R&D functions, production and marketing overseas at an acceleration pace. Foreign companies now account for 50 percent of all U.S.-owned manufacturing output…
And this just in: Ford is building a (450 + million dollar auto plant) in China. Financial Murder and the Greed of Destruction and…
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