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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTPP Trade Deal: Most US Workers Likely To Lose Out, Report Finds‏
By CEPR -- (September 10, 2013)
A new report from the Center for Economic and Policy Research (CEPR) finds that most U.S. workers would experience a net negative impact from the proposed Trans-Pacific Partnership (TPP) trade deal currently under negotiation.
The paper, Gains from Trade? The Net Effect of the Trans-Pacific Partnership Agreement on U.S. Wages, by economist David Rosnick uses economic modeling results that are widely-cited by proponents of the agreement. These recent estimates of the U.S. economic gains that would result from the TPP are very smallonly 0.13 percent of GDP by 2025. This paper finds that taking into account the effect of the agreement on wage inequality, the median wage earner would lose as a result of any such agreement.
Most U.S. workers are likely to lose out from the TPP, CEPR Co-Director Mark Weisbrot said today. This may come as no surprise after 20 years of NAFTA and an even-longer period of trade policy designed to put lower- and middle-class workers in direct competition with low-paid workers in the developing world, but its still important to examine the economic projections.
By examining economic modeling done by researchers Peter Petri, Michael Plummer, and Fan Zhai, the paper finds that it would take only a very small contribution to inequality due to trade to wipe out all of the gains that most workers would get from this agreement. Because of such an un-equalizing effect of trade on wages and considering that the GDP gains are expected to be so small the paper finds that the median wage earner in the U.S. will probably experience a net loss were the TPP to be implemented.
more
http://www.albanytribune.com/10092013-tpp-trade-deal-most-us-workers-likely-to-lose-out-report-finds%E2%80%8F/
djean111
(14,255 posts)Not looking forward to the attempts to do so.
Guy Whitey Corngood
(26,505 posts)cheesy ass explanation of why it's actually good for workers.
R. Daneel Olivaw
(12,606 posts)"Trust us. We wouldn't do anything to American workers that we haven't done to workers in other countries."
Enthusiast
(50,983 posts)because it is a betrayal of the American workers. Just like Evil Cheney's secret energy meetings.
R. Daneel Olivaw
(12,606 posts)riderinthestorm
(23,272 posts)pa28
(6,145 posts)Yet our own politicians keep giving corporate interests exactly what they want and act like it's a big mystery.
Jackpine Radical
(45,274 posts)the median loss in wages. High-paying jobs of the past are being replaced with burger-flipping minimum-wage, benefitless, part-time jobs.
silvershadow
(10,336 posts)Romulox
(25,960 posts)I've had multiple DUers tell me they support NAFTA, which wiped out my community.
n2doc
(47,953 posts)There will all ways be "free trade" shills. Hopefully they are much fewer now.
Romulox
(25,960 posts)lunasun
(21,646 posts)Dream a little dream for me
durablend
(7,464 posts)"Obama knows what's best for us...trust him...he got this"
Enthusiast
(50,983 posts)L0oniX
(31,493 posts)AnotherMcIntosh
(11,064 posts)n2doc
(47,953 posts)Once it is a fait accompli, then you will see the 'benefits' touted.
TBF
(32,090 posts)but I have no doubt she'll be ready with mounds of information on the "benefits of TPP".
Problem is she never defines that her objective is to benefit the 1%.
HomerRamone
(1,112 posts)fasttense
(17,301 posts)Right now we make ends meet because of people who want local organic foods. We sell to people who want to know how their food is raised. They want to know the chickens laying their eggs aren't tortured by being put in tiny little cages and fed arsenic to make the center of the eggs yellow and make the chicken grow faster. They want food with no poisonous pesticides and artificial chemical fertilizers. We sell at a farmer's market that only allows farmers who grow or raise their own. There is no reselling allowed. It's the only thing that is keeping us afloat right now. If TPP is passed, it will open up our market to foreign corporate competition, or it will close down the market.
We can't sell to grocery stores because they are mostly chain corporations that have contracts with factory farmers or whole sale middle men that give you pennies for your produce. We can't sell to schools and institutions because if they are NOT contracting out their food services to some corporation that buys in quantities from factory farmers, they are required by contracts and government regs to buy from the USDA. We can't sell to the USDA because even if you can meet their bizarre quality standards which gives you so much culls and seconds you might as well not farm, (you try growing organic fruits or vegetables and see how perfect they aren't) their prices suck. The only people who can make a living off the USDA prices are big factory farms who can grow a ton at a time and even if they get pennies on a bushel, they still make a profit.
What I'm trying to say is all the markets are closed out to the small farmer by corporations and the USDA who prefer to do business with factory farms. If TPP passes then promoting buy local will be illegal.
Corporations have taken over ever avenue of sales and now they are coming for the farmer's markets too.
pa28
(6,145 posts)Egalitarian Thug
(12,448 posts)Hardly anyone in America has a clue about the realities of farming in America today.
djean111
(14,255 posts)"the republicans would have done even worse!!!!!".
That lesser of two evils gap is getting smaller.
And the TPP may just(ly) sink Hillary.
How to dismantle a nation with one secretive document.
Populist_Prole
(5,364 posts)This is the one issue we stop the plutocrats on. Pressure from the bottom up did it with the Syrian issue. This si even more important and more likely to resonate with the public at large.
BelgianMadCow
(5,379 posts)using info from DU. He has been writing about it on and off. Time for a reminder.
thanks for the post, bookmarked!
truebrit71
(20,805 posts)TBF
(32,090 posts)I have put it up a couple times as well. I really think we need to watch what they are doing with this and defeat it. If we thought NAFTA was bad this is going to be as bad or worse.