"Who is writing the TPP?" by E Warren & R DeLauro

[RiverLover]

25. He said the S Korean trade deal would create US jobs, but it's caused loss of 75000,

& a trade deficit now with S Korea of $12 billion.

And this~"In the end, this could lower the wages of Americans, perhaps raise slightly the wages of Third World countries, until they meet somewhere at the lower end of the scale."

Globalizing peasant wages for all blue collars.

This sums up the "globalization" argument nicely~

...The United States has had over two decades of experience with these trade deals, and it has racked up an unprecedented $11 trillion in trade deficits this century alone. Since 2000, 63,000 factories have been shuttered and millions of good jobs lost. Under Obama, we’ve run trade deficits of about 3 percent of GDP a year. That’s the equivalent of Americans sending $500 billion abroad each year. It is virtually impossible to run a full-employment economy with rising wages if we’re facing that hole every year. Corporations not only ship good jobs abroad, they use globalization to threaten workers, helping to drive down wages and contributing directly to America’s sinking middle class and extreme inequality.

The president charges his opponents with wanting to lock out the world: “The idea that we can shut down globalization, reduce trade … is wrong-headed. That horse has left the barn.”

But the president’s foes aren’t arguing against globalization or trade; they are arguing that the rules that govern our trade and investment strategies have been rigged by global companies and banks to benefit themselves, not American workers. ...

A progressive’s lament about the Trans-Pacific Partnership