Independent economists: TPP will kill 450,000 US jobs; 75,000 Japanese jobs, 58,000 Canadian jobs
This makes NAFTA look like a real trade agreement, which we all know was nothing more than a test run for this one below to see how we would take it. Unfortunately, we grumbled, but thats all and we lost more than we could ever get back again. That told the powers that be, we would not resist globalizing in this fashion and flip the rights and protections we enjoyed to some point, from we, the people, over to the corporate leaders of our capitalist system. Used to be it was based on “fair market capitalism”, but with this below, it changes to legally protected fascism. You read and decide.
Independent economists: TPP will kill 450,000 US jobs; 75,000 Japanese jobs, 58,000 Canadian jobs
http://www.newsforage.com/2016/01/independent-economists-tpp-will-kill.html
By Admin, News Forage,
TPP would generate net losses of GDP in the United States and Japan. For the United States, they project that GDP would be 0.54 percent lower than it would be without TPP, 10 years after the treaty enters into force. Japan’s GDP is projected to decrease 0.12 percent.
Economic gains would be negligible for other participating countries – less than one percent over ten years for developed countries and less than three percent for developing ones. These projections are similar to previous findings that TPP gains would be small for many countries.
TPP would lead to employment losses in all countries, with a total of 771,000 lost jobs. The United States would be the hardest hit, with a loss of 448,000 jobs. Developing economies participating in the agreement would also suffer employment losses, as higher competitive pressures force them to curtail labor incomes and increase production for export.
TPP would lead to higher inequality, as measured by changes in the labor share of national income. The authors foresee competitive pressures on labor income combining with employment losses to push labor shares lower, redistributing income from labor to capital in all countries.
In the United States, this would exacerbate a multi-decade downward trend.
TPP would lead to losses in GDP and employment in non-TPP countries. In large part, the loss in GDP (3.77 percent) and employment (879,000) among non-TPP developed countries would be driven by losses in Europe, while developing country losses in GDP (5.24%) and employment (4.45 million) reflect projected losses in China and India.
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Source: http://vaticproject.blogspot.com/2016/02/independent-economists-tpp-will-kill.html
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