Let’s learn a little on “free trade”

Well….with all of the drama over the new trade agreement that was scuttled last week by the dems in the house…thank you Nancy Pelosi, I think it’s time to look back a little at the other big “free trade” agreement, NAFTA, that has been in effect for over 20 years now. There was an interesting study that I read a little about a  few days back and one of the big takeaways from the study was it’s effect on wages in the US…where it has been responsible for essentially a stagnation of wages here…with the huge pool of cheap labor that suddenly entered the market from Mexico, wages have been under downward pressure…after all, why would the auto companies want to pay an American worker 20 dollars an hour when the can pay Mexican workers 2 dollars? The study also predicted the demise of the Canadian auto industry in about 20 years which, before NAFTA, was an important sector of their economy. And, again, why invest in Canada when there is cheap labor south of the American border?  What these trade deals show is that it is impossible to maintain an American middle class and it’s wages when you compete with countries that pay third world wages…we need to shout that every time there is another one of these deals that continue to take all the good jobs away from the US…let’s stop this race to the bottom before it’s too late….

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