General Discussion
In reply to the discussion: Calling Corporate-Backed Deals an "Indisputable" Good, Obama Makes Pitch for TTIP [View all]Recursion
(56,582 posts)We don't manufacture TVs anymore. We manufacture cars, heavy machinery and plant, electronic components, and chemicals. We also do the prototyping for most other countries.
MY brother is in manufacturing and he lost his job 3 times, it took months to find another job and he makes less today than before
Then he's unusual; the Census data is clear: real incomes for the lowest 20%, the next lowest 20%, the middle 20%, the next higher 20%, and the highest 20% all rose more in the two decades after NAFTA than the two decades before NAFTA.
If we make so much why is there such a trade deficit?
Because we and our trade partners keep the dollar artificially strong, which lets more people work in the service sector, which is in general higher paying than the manufacturing sector (look it up before you just swallow the lie that manufacturing pays better). That is why inflation-adjusted wages and incomes are higher today at every level of the income scale than they were before NAFTA, and why unemployment is lower.