Free trade with China wasn't such a great idea - article
Last edited Wed Jan 27, 2016, 12:38 AM - Edit history (1)
Oops, our bad. Sorry to all those families that were destroyed by unemployment.
"In other words, the public might have been wrong about free trade in the 1980s and 1990s, but things have changed. Popular opinion seems to be exactly right about the effect of trade with China -- it has killed jobs and damaged the lives of many, many Americans. Economists may blithely declare that free trade is wonderful, but our best researchers have now shown that public misgivings about these smooth assurances have been completely justified."
Here is the link: http://www.bloombergview.com/articles/2016-01-26/free-trade-with-china-wasn-t-such-a-great-idea
[link:http://www.bloombergview.com/articles/2016-01-26/free-trade-with-china-wasn-t-such-a-great-idea|
= new reply since forum marked as read
My wife still makes less than half what she did before the high-tech manufacturing she supported was moved to China.
But not to make this about us, and it has damaged our lives, lets look at it from an economic perspective. All the lost income from those jobs was taken out of the local and US economy. Add the economic multiplier effect and it gets worse. That also means less tax revenue for local, state and the federal government. Less social security, medicare revenue. Does the .1% give a crap about that? Uh...no.
So who won, the execs making those decisions, in the short term anyway. Shareholders maybe, though in a lot of ways it created problems that are not easily quantified.
Free trade, not for many of us. For many of us it has cost a lot.
But don't worry TPP will solve everything (sneer). 
