Just how bad the TPP is - guaranteed profits on EXPECTATIONS of profits

[eridani]

76. All the ones forced off their land by privatization of the ejidos came here

Glad to know what wonderful hopes you have for the American working class. Fuck your race to the bottom straight to hell.

http://www.citizen.org/documents/NAFTAs-Mexico-Legacy.pdf

After NAFTA Mexican wages shrank, poorly paid temporary employment grew

Real wages in Mexico have fallen below pre-NAFTA levels as price increases for basic consumer goods have exceeded wage increases. Despite promises that NAFTA would benefit Mexican consumers by granting access to cheaper imported products, the cost of basic consumer goods in Mexico has risen to seven times the pre-NAFTA level, while the minimum wage stands at only four times the pre-NAFTA level. As a result, a minimum wage earner in Mexico today can buy 38 percent fewer consumer goods as on the day that NAFTA took effect.

One comprehensive study found that inflation-adjusted wages for virtually every category of Mexican worker decreased over NAFTA’s first six years. The workers that experienced the highest losses of real earnings were employed women with basic education (-16.1 percent) and employed men with advanced education (-15.6 percent).

The only exception to the downward earnings trend was earnings for mobile street vendors--the very poor people who hawk candy and trinkets on Mexican streets. Even in that category, earnings were still below their 1990 levels, and only slightly better than their 1994 levels.

Overall, there has been a shift from formal, wage-and benefit-earning employment to informal, non-wage-and benefit-earning-employment under NAFTA. Even formal employment has shifted to carrying fewer benefits than it did prior to the pact’s passage. Maquiladora (sweatshop) employment, where wages are almost 40 percent lower than those paid in heavy non-maquila manufacturing, surged in NAFTA’s first six years, but since 2001, hundreds of factories and hundreds of thousands of jobs in this sector have been displaced as China joined the World Trade Organization and Chinese sweatshop exports gained global market share.