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Trade reform has also been linked to increased income disparity as skilled workers have captured more benefits from globalization than their unskilled counterparts.
Stephen F Lynch
1 Likes
1 Comments
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The one thing that I have been struck with, after coming here to Congress is, how many people in Washington, D.C. talk about job loss like they are talking about the weather, or a natural disaster like an earthquake.
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The biggest share of U.S. exports to the six CAFTA nations is not the traditional job-creation kind. These are products that are not consumed in the purchasing nations.
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Since NAFTA was put in place, Mexico has lost 1.9 million jobs and most Mexicans' real wages have fallen.
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Proponents of the Central America Free Trade Agreement have conveniently ignored this fundamental fact: the effect of trade on incomes in Central America and how to alleviate the adverse consequences of trade liberalization on the poor.
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Now, given the experience that we have had thus far, with our subsequent trade agreements with NAFTA and others, you would think that with our experience of job loss that we have had there that when you find yourself in a hole that you might stop digging.
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Likewise, free trade does not, as evidenced in CAFTA, mean fair trade.
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Instead of trade policy that is beneficial to American businesses and workers as well as our trade partners, we have a flawed trade policy that hurts all parties.
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If you consider that a typical Central American consumer earns only a small fraction of an average American worker's wages, it becomes clear that CAFTA's true goal is not to the increase U.S. exports.
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I am told that the clinical definition of insanity is the tenancy to do the same thing over and over again and expect different results.
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I always thought a very strong anti-drug policy was a good thing for my union members.
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Hey, I'm a former union president myself and also an attorney that represented a lot of unions.
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Free trade should not mean free labor.
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