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In reply to the discussion: Passage Of TPP Will Be A Disaster For Dems Just Like NAFTA was. I'm Really Pissed. [View all]jeff47
(26,549 posts)Large corporations seeking the lowest-paid workers in the country with the least environmental regulations.
So, many manufacturing jobs left the US and went to Mexico.
Meanwhile, the highly mechanized US agriculture industry utterly annihilated Mexico's agricultural industry - Mexico still had mostly small farmers.
That produced a lovely pool of desperate people who would sign up for very low wages and bad working conditions in the brand-new factories.
In return, US got a loss of manufacturing jobs and higher corporate profits - lower manufacturing costs did not result in lower prices. Instead, the benefits went to executive salaries, dividends/buybacks and profits. Good if you're a Ferrari dealer. Not so good if you used to work in a factory.