By Bernie Sanders, Reader Supported News
22 May 15
ongress is now debating fast track legislation that will pave the way for the disastrous Trans-Pacific Partnership (TPP) unfettered free trade agreement. At a time when our middle class is disappearing and the gap between the very rich and everyone else is growing wider, this anti-worker legislation must be defeated. Here are four reasons why.
First, the TPP follows in the footsteps of failed trade agreements like NAFTA, CAFTA, Permanent Normal Trade Relations (PNTR) with China, and the South Korea Free Trade agreement. Over and over again, supporters of these agreements told us that they would create jobs. Over and over again, they have been proven dead wrong.
Since 2001, nearly 60,000 manufacturing plants in this country have been shut down and we have lost over 4.7 million decent paying manufacturing jobs. NAFTA has led to the loss of nearly 700,000 jobs. PNTR with China has led to the loss of 2.7 million jobs. Our trade agreement with South Korea has led to the loss of about 75,000 jobs. While bad trade agreements are not the only reason why manufacturing jobs in the U.S. have declined, they are an important factor.