Do Trade Agreements Kill Jobs

Words: 1264
Pages: 6
Open Document
“Do Trade Agreements kill Jobs” is an article tackles the question that currently the top presidential candidates are using to gain votes, Are Trade agreements the reason Americans are jobless? All Presidential candidates agree upon one current issue and that is international trade agreements, whereas top economists agree that international trade agreements are good for the country. One thing is clear our candidates are at odds with the key component of economic theory: which is the benefits of free trade. Social reality is challenging economic theory. Voters and politicians are concerned since they see Americans losing jobs, manufacturing factories closing down and entire industries becoming extinct. Trade Agreements like NAFTA were created …show more content…
Companies found ways to keep the price of their stocks high and one way of doing so was by off-shoring. The shift to China was done in order to reap the benefit of short term cost savings not total cost. According to one Fortune 500 hundred executive, the shift to China was suggested by analysts who told management that if the shift didn't occur than they would not get a buy recommendation. Executives who made the decisions were compensated by stock options thus they did not think about long term effects and shifted to …show more content…
Blinded by greed and ease they ignored the long term effect. This resulted in loss of whole industries in the USA. Multiple industries followed suit and out sourced and after a decade of everyone looking at just short term benefits Americans suffered. Manufacturing jobs left the US industry thus limiting the ability of US to invent or produce the next generation of high tech products and innovation, that were needed to continue growing the economy. The article points out that even if companies wanted to produce next generation products in the US they could not no due to lack of resources. Since process engineering and manufacturing go hand in hand, the decline in manufacturing industry lead a chain reaction. With not manufacturing and process engineering innovation and new product development halted in the US. The list of industries lost by the US and at risk industry is very long. What management failed to realize is that by thinking only short term they slowing themselves lost the expertise to run and grow business in the US in the future. The article suggests that instead of blaming international trade agreements business should focus on the new way of think and that is to introduce innovation and entrepreneurship into their business and
Show More

Related Documents: Do Trade Agreements Kill Jobs

Nafta Essay

NAFTA NAFTA is the North American Free Trade Agreement. “Implementation of the North American Free Trade Agreement (NAFTA) began on January 1, 1994” (USDA). NAFTA includes United States of America, Canada and Mexico. “This agreement will remove most barriers to trade and investment among the United States, Canada and Mexico” (USDA). The agreement helped end tariffs on goods and services. “In Mexico, there is a saying: “Without corn, there is no country.” Under NAFTA, tariff-free imports of subsidized…

Words 902 - Pages 4

Comparing The Lottery 'And' A Midsummer Night's Dream

the same motivations as people who merely want to complete their ordinary activities. These motivations cause all human beings to acquire the ability to produce evil. We learn that in order to be considered a good person, we must work hard and do a good job. Therefore, society enables people to perform actions they normally would not because no one wants to be considered a coward or a bad person. Although many people believe society to be beneficial, “America,” “The Lottery,” “A Midsummer Night’s…

Words 1880 - Pages 8

Business Ethics-Changing Jobs and Changing Loyalties Essay

1) What should Cynthia do? What ideals, obligations, and effects should she take into account when asking her decision? Cynthia should re-consider her decision to shift to Crytex Systems. Moral obligations and interpersonal responsibilities have been increasingly differentiated both in the philosophical and in the psychological literature. Moral obligations in the Kantian tradition define duties or obligatory actions that we owe to everybody under all circumstances. They include, for example,…

Words 4346 - Pages 18

Why Have So Many States Promoted The Sales Of Its Arms Countries

regulate the arms trade been so problematic? All states are in an inevitable self-help system; therefore, if they could they would produce their own arms. Due to the uneven distribution of economic, social and technological capabilities, there is a difference in a state’s ability to produce weapons which makes arms transfers a logical result of the quest to acquire modern means of warfare (Krause, 1992, p. 16). The global arms trade is comprised of three different elements: 1) the trade in major systems…

Words 3483 - Pages 14

shark finning will destroy the ocean Essay

In the absence of tiger sharks, the turtles spent all of their time grazing on the best quality, most nutritious sea grass, and these habitats were soon destroyed. When tiger sharks are in the area turtles graze over a broader area and do not overgraze one region. For all the amazing work sharks do to protect the ocean they are still being hunted by humans and for what? There fins! It is the mass slaughter of sharks on long lines and in nets for the sole purpose of taking their fins that is responsible for the incredible diminishment of shark…

Words 970 - Pages 4

Summary Of Sebastian Junger's Tribe

Blitz and during and after Hurricane Katrina. Nations do come together, but Junger does not bring to light the chaos and discrimination experienced by victims of disaster. The Blitz talked about in the Tribe refers to strategic bombings by the Nazi party against the people of London from September of 1940 through May of 1941. The bombers targeted populated areas, factories, and dock yards. The blitz targeted populated areas to attempt to kill as many people as possible while also stopping factory…

Words 903 - Pages 4

Chapter 29 33 Study Guide Essay

Soviet Union, racial desegregation and nationalization of basic industries. Then the party adopted pro-civil rights plank, which were a group of white southerners and created the States Rights Democratic Party (Dixiecrats). If Wallace’s candidacy didn’t kill Truman’s chances then the Dixiecrats certainly would. Truman refused to give up and resorted to red- baiting, denouncing “Henry Wallace and his communist” whenever he could. He also sought support from African American voters in the northern cities…

Words 4370 - Pages 18

Essay about Politics: European Union and Company

transfers. * Deficits - An excess of expenditure or liabilities over income or assets in a given period. * Surplus - An amount of something left over when requirements have been met; an excess of production or supply over demand. * Free Trade - A policy by which a government does not discriminate against imports or interfere with exports by applying tariffs (to imports) or subsidies (to exports). * Protectionism - The theory or practice of shielding a country's domestic industries from…

Words 8985 - Pages 36

Terms for American History Essay

supply and demand muckrakers: one of the magazine journalists who exposed the corrupt side of business and life during the 1800's National Women Suffrage Association: fought to secure womens rights to vote and many other aspects of life that men could do but women couldn't planned economy: government controls and regulates production and distribution political machines: a group that controls the actions of a specific political party Pullman Strike (1894): the Pullman company fired many people and…

Words 2118 - Pages 9

History Review Essay

The alliance system was in play and made the war so much larger ∙ If there had been no Alliance System, only Serbia and Austria- Hungary would have been involved in the War ∙ Trench Warfare, new weapons, and the fact that you can kill more people in many new ways, made this war have a very high death toll Alliances of WW1: ∙ American Allies: Russian Empire, France, Italy, United Kingdom, and many other small countries including Greece and Serbia ∙ Central Powers:…

Words 4315 - Pages 18