As you can
read in the "flip-flop"
section of this website Rep. Hayes has cast the deciding vote in the
passage of both
the NAFTA and CAFTA trade agreements.
The legal
protections and rights of these trade agreements have made it easier
for U.S. companies to maximize profits by moving operations "offshore",
typically to countries where wages are far below those of U.S. workers
and where there are few environmental, health or safety regulations
with which they must comply.
Even if cheaper imports create a broad welfare gain in the form of
lower prices, if a large number of people lose a greater amount in
wages due to increased inequality, the net result is broad losses. It does not matter how much cheaper a product is if consumers do not have sufficient income to buy it.
The textile industry estimates that 350,000 jobs have been lost in this
U.S. industry since January 2001.
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