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Re: NAFTA: Terrorism against the People
Quote:
Originally Posted by Americano
Unless your currency value decreases in relation to the producer country currency to where those goods become very expensive and your payment imbalance creates additional debt to service with no industrial base to manufacture them at a lower cost. Which is the scenario we're now going to face.
In most cases those jobs lost in the industrial sector didn't require any higher education. We're now experiencing the loss of professional jobs that do require higher education in all industries, including service industries, to developing countries who have greatly expanded and enhanced the quality of their educational systems. What do we retrain those people to do?
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What you ignore is the fact that because of the change in currencies our exports are now going up which means it will trend towards and increase in manufacturing because of this. You seems to ignore the positives.
And I repeat the part of my post you ignored. Americans are wealthier than they were 14 years ago and, with unemployment under 5 percent, are more likely to have jobs. (In the decade before NAFTA, unemployment averaged more than 7 percent.) More Americans own their own homes. Fewer Americans are going to bed hungry—dramatically so, if you scan the data on obesity.
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"Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tost to me,
I lift my lamp beside the golden door!"
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