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amborin

(16,631 posts)
Mon May 2, 2016, 01:46 PM May 2016

Clinton's WTO Harmed Black Workers, And TPP Will, Too:

http://www.louisianaweekly.com/will-the-proposed-trade-agreement-be-another-bad-deal-for-black-workers/

Bill Clinton advocated for admitting China into the WTO. And Hillary Clinton was the main cheerleader:

Will the proposed trade agreement be another bad deal for Black workers?

Lowe, Frederick H. The Louisiana Weekly [New Orleans, La] 25 May 2015: 9.

President Clinton, for example, claimed NAFTA would create an export boom from Mexico that would create 200,000 jobs in two years and millions of jobs in five years, but 20 years later, trade deficits with Mexico eliminated 682,000 good jobs in the U.S. and 61 percent were in manufacturing," [Robert Scott] wrote in a 2013 paper titled "NAFTA's Legacy: Growing U.S. Trade Deficits Cost 682,000 jobs."

When China entered the World Trade Organization in 2001, it cost Black workers 281,100 high-paying manufacturing jobs from 2001 to 2011, said Scott, author of the 2013 research paper, "Trading away manufacturing advantage: China trade drives down U.S. wages and benefits and eliminates good jobs for U.S. workers."

"Minority workers face re-employment rates almost 11 percentage points lower than white workers," [Lori Keltzer] wrote.

"For less skilled manufacturing workers, the male minority's employment rate is 20 percent lower than the average.

Female minority's reemployment rate is 24 percent lower."

Previous deals have cost Black workers hundreds of thousands of manufacturing jobs.

African Americans have lost 281,000 jobs since China joined the World Trade Organization.

(Special from NorthStarNews Today) - President Barack Obama is seeking Congressional authority to move quickly on the Transpacific Partnership, a trade agreement, but if TPP is anything like earlier contracts, Black workers will suffer, not prosper, because previous deals caused them to lose hundreds of thousands of well paying manufacturing jobs due to currency manipulation and trade deficits.
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Clinton's WTO Harmed Black Workers, And TPP Will, Too: (Original Post) amborin May 2016 OP
WTO and its progeny soon will give African service industries access to the American market ! Baobab May 2016 #1
TPP will end US Government sovereignty at All levels and Ferd Berfel May 2016 #2
K N R-ed Faux pas May 2016 #3

Baobab

(4,667 posts)
1. WTO and its progeny soon will give African service industries access to the American market !
Mon May 2, 2016, 01:58 PM
May 2016

Actually a great many special market rights go to Least Developed Countries which get special permission to discriminate in certain ways in their business operations!

They will actually have rights which exceed those of domestic corporations.

here is a good description of how trade in services handles domestic regulation

Ferd Berfel

(3,687 posts)
2. TPP will end US Government sovereignty at All levels and
Mon May 2, 2016, 02:03 PM
May 2016

replace that with almost total Corporate control. THAT will destroy everything!

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