TPP = 650,000 Jobs? Umm, no...

[PosterChild]

....mainstream economists do not believe that the number of jobs is significantly affected by trade policy.

“The reason we don’t project employment is that, like most trade economists, we don’t believe that trade agreements change the labor force in the long run. The consequential factors are demography, immigration, retirement benefits, etc.,” he said. “Rather, trade agreements affect how people are employed, and ideally substitute more productive jobs for less productive ones and thus raise real incomes.”

The Obama administration’s illusionary job gains from the Trans-Pacific Partnership

http://wapo.st/1ySV6ap

[yourout]

1. I don't know.....I could see us losing 650,000 jobs easy.

Hell we might lose a million.

[PosterChild]

3. No, it's a wash....

... here is the scoop from an anti-tpp "study":

trade agreements are on average “a wash” (Krugman 2010). Specifically, in macroeconomic terms the United States had too little spending on domestically-produced goods and services, with total spending (Y) defined as:

Y = C + I + G + X – M

Where C is consumer spending, I is investment spending, G is government purchases of goods and services, X is exports, and M is imports.

While trade agreements lead to higher X, they also lead to higher M, Krugman wrote. Exports support demand for domestically produced goods, so higher X increases employment. However, the growth of imports reduces demand for domestically produced goods, which reduces domestic employment.

The actual effects are noted further on:

Bivens (2007, 2013b) has shown that while the nation as a whole may gain from trade, the benefits are concentrated among college-educated and nonproduction and supervisory workers, and in rising returns to capital.

As noted, we can expect growth in real income, and a wash in number of jobs. Which is why we need to prepare ourselves for the opportunities that will open up through programs like Obama's proposal to make community college more acessable.

http://www.epi.org/publication/trade-pacts-korus-trans-pacific-partnership/

[NYC_SKP]

2. I believe that Obama himself said only 35 jobs. nt

[PosterChild]

4. You might be referencing the keystone pipeline (nt )

[cascadiance]

5. Being "more productive" in our jobs hasn't gotten us larger salaries...

All it does is allow them to get more work for us for less and have less people working when those who are are made harder working slaves. The wealthier management and ownership class claims THEY are responsible for the greater productivity and therefore they deserve ALL of the increase of salaries and profit distributions from corporate profits, and not us, even though in many cases it is the underpaid engineers who are in some cases responsible for helping with productivity gains if anything, not their management!

All TPP and other free trade deals are doing is moving more jobs from Silicon Valley to Bangalore, Michigan, and many other types of jobs to other parts of the world where they can help increase the depths of a bottom that the corporate class can race to in exploiting to fatten their wallets on a temporary basis, until the world economy crashes when even more people can't afford to put more money in the economy when they reach debt limits. TPP protects a new "governing class" and "governing body" to throw out democratic rule and government regulation everywhere, leaving us down the road little or no other options than extremely costly in all ways more violent revolutions rather than peaceful democratic revolutions.

If the 1% likes what happened in less democratic revolutions, they must be looking forward to the events of the French Revolution being repeated again. Do they REALLY want that? That's what they have to start asking for and stop focusing on their addiction to stealing the world's wealth from all of us!