U.S.-Korea Free Trade Agreement Spells Continued Job Loss, Study Predicts
An Economic Policy Institute report released Tuesday confirms that a ballooning US-Mexico trade deficit has cost hundreds of thousands of American jobs, and predicts more of the same when the U-Korea Free Trade Agreement comes into force.
An Economic Policy Institute report released Tuesday confirms that a ballooning U.S.-Mexico trade deficit has cost hundreds of thousands of American jobs, and predicts more of the same when the U.S.-Korea Free Trade Agreement comes into force. –ARK
Your support is crucial...Economic Policy Institute:
As of 2010, U.S. trade deficits with Mexico totaling $97.2 billion had displaced 682,900 U.S. jobs. Of those jobs, 116,400 are likely economy-wide job losses because they were displaced between 2007 and 2010, when the U.S. labor market was severely depressed.
Prominent economists and U.S. government officials predicted that the North American Free Trade Agreement (NAFTA) would lead to growing trade surpluses with Mexico and that hundreds of thousands of jobs would be gained (Hufbauer and Schott 1993; President Clinton 1993). The evidence shows that the predicted surpluses in the wake of NAFTA’s enactment in 1994 did not materialize, for reasons outlined in this briefing paper.
As we navigate an uncertain 2025, with a new administration questioning press freedoms, the risks are clear: our ability to report freely is under threat.
Your tax-deductible donation enables us to dig deeper, delivering fearless investigative reporting and analysis that exposes the reality beneath the headlines — without compromise.
Now is the time to take action. Stand with our courageous journalists. Donate today to protect a free press, uphold democracy and uncover the stories that need to be told.
Playing on fears and stoking divisiveness is the president's go-to strategy, even as tensions build on a national and international level as a result of his rhetoric and direction.
The Republicans and Democrats are two faces of the same failure. And there will be no real hope of rescue by third parties until the American system of electoral politics is rebuilt from the ground up.
Nice try, but no cigar.
The current movement is not just toppling predators in high places: It is defying the core sickness and rigid hierarchy of corporate culture.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.