General Discussion
In reply to the discussion: President Obama Weekly Address: Fighting for Trade Deals that Put American Workers First [View all]joshcryer
(62,269 posts)They make more money on IP environmental tech utilizing foreign labor. So for them, building the technology out there, then importing it here is more profitable. Low wage workers abroad vs higher wage workers here.
His argument only works if there's a living wage for workers here, which will eventually happen, but I don't think TPP brings it about. It's a stop-gap. We know China is using cheap labor and expanding rapidly, so, rather than depend on China we work with other Asian states to get the cheap labor and resource development.
In the short term it helps US corporations because they get to use cheap labor. In the long run, of course, it doesn't at all.
And I hope I'm wrong. It would be amazing if Obama was correct on this issue. Absolutely ground breaking.