Trade agreements that promote the relocation of U.S. corporations’ factories to nations like China and Mexico have played a central role in the evisceration of American manufacturing and the decline in U.S. workers’ incomes. Two out of three displaced manufacturing workers who got new jobs between 2009 and 2012, the Bureau of Labor Statistics reports, experienced wage reductions — most of them greater than 20 percent
Ed Schultz called out President Obama on secretive manner in passing the latest trade bill in Congress on his MSNBC show today. As the WaPo article makes clear, Obama's administration is at cross-purposes in saying it supports creating manufacturing jobs and pushing the trade bill as now written. And Congressional leaders are stacking the hearing room decks with supporters of the bill versus those who oppose it.