General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhere the US might benefit from the TPP?
It might be in planes and automobiles?
If we recall, even as we were bailing out GM and the auto companies in 2009, they were making record profits overseas. Somehow, they separated their foreign profits from their American profits and got the huge bailout. The Asians like American-made cars. Perhaps moreso than Americans love the Kia and Volkswagen?
Also, except for Vietnam and maybe Indonesia, the other countries in the "agreement" have advanced economies. They could be good for Boeing. They could be new customers for American-made planes? These are big ticket items and add a lot to the bottom line.
Some of the countries may also want to buy fighter jets and military hardware from our country? That is a possibility. However, I have not read it so that is only a guess. But it could be a reason it is being kept hush-hush?
So, a few big companies with big-priced items may do very well with the agreement. But most companies would likely be looking for cheap labor in places like Vietnam and Indonesia and would cause a net loss of jobs, even as we had a net surplus in goods sold, such as planes and autos.
Just a possibility.
reddread
(6,896 posts)Hitachi is hiring replacement auto parts machinery operators in Kentucky...
the irony.
the iron.
Trans-Pacific.
kentuck
(110,950 posts)I would think?
If all the profits, except for labor costs, go back to Japan, is that a problem? As we know, American profits do not make it back to America, they are stashed in places like Ireland or the Caymans...
reddread
(6,896 posts)Im much more upset about the SAME jobs and industry being offshored long enough to bring them back without the union and pension benefits. I care only for labor's end of it, and the stick is short and sharp.
nadinbrzezinski
(154,021 posts)these days, it is still huge in the CaliBaja region, just that many of the factories and facilities including research, relocated to Mexicalli (in Baja) and to Queretaro in Central Mexico.
In the meantime, one of the last facilities is set to close in San Diego next year.
TheFarseer
(9,308 posts)Yeah I don't think Indonesia counts as an advanced economy. Peru and Chile are in on this too right? If it was just Japan, Canada, South Korea, Australia and similar, I would have no problem.
kentuck
(110,950 posts)And all the money that Boeing might make from their planes cannot compensate for the losses of jobs to these low-wage countries, in my opinion.
jwirr
(39,215 posts)if we do not pass the TPP?