General Discussion
In reply to the discussion: Dear President Obama, Please shut the f' up about TPP rainbows and unicorns... [View all]paleotn
(22,627 posts)Another taste of TPP as you begin to educate yourself.....
From JP Morgan...."One area worth mentioning is the services sector, which accounts for most of developed countries GDP but is currently only a small share of trade. The TPP agreement would potentially expand trade in services and help reduce the cost of activities such as shipping, banking, education and healthcare."
https://www.jpmorgan.com/tss/General/Trans-Pacific_Partnership_Outlook_and_Impact/1394949863683
Oh, that's just wonderful. Driving additional service, R&D and other back office functions to cheaper countries.
Sorry folks, but tariff free, unrestricted "free trade" does not work to the benefit of US citizens in any way shape or form if the same job can be done overseas for a small fraction of US labor costs. Plain and simple. Easy to understand.