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3/07/2016 9:52 am  #1


Ohio lost 112,500 jobs due to trade with TPP

An issue both Sanders and Trump have talked about. Check out the interactive Graphic.

Ohio lost 112,500 jobs due to trade with TPP countries (graphic): EPI

http://www.cleveland.com/business/index.ssf/2016/03/ohio_lost_112500_jobs_due_to_t.html

CLEVELAND, Ohio – Ohio lost 112,500 jobs in 2015 resulting from the United States' trade deficit with countries that are part of the Trans-Pacific Partnership agreement, according to an analysis by the Economic Policy Institute.That places Ohio sixth, in terms of the percentage of jobs lost to trade with TPP countries, among the 50 states and the District of Columbia ranked in the report released Thursday by the liberal Washington, D.C.-based think tank.

The lost jobs represent nearly 2.2 percent of employment in Ohio, according to the analysis.The total number of lost jobs includes those directly and indirectly impacted by the trade deficit with TPP countries. It also includes the number of jobs EPI says would have been created through the multiplier or "respending" effect had trade with those countries been more balanced.The TPP is a free trade agreement between the United States and 11 partnership countries, including Canada, Mexico, Japan, Singapore and Malaysia. While the countries have reached final agreement on the trade accord, it probably will not go into effect for several months.

The agreement must clear several hurdles, including final ratification by Congress.Early reaction to EPI's report has predictably reflected the opposing views of TPP's supporters and opponents. Opponents, including unions, have said the analysis is spot-on. Supporters, including the Obama Administration, which has championed TTP, have questioned its findings.For example, a spokesman for the Office of the United States Trade Representative, said the report's methodology is flawed. The report includes some estimates based on an analysis of government data.


 “We hold these truths to be self-evident,”  former vice president Biden said during a campaign event in Texas on Monday. "All men and women created by — you know, you know, the thing.”

 
 

3/07/2016 10:15 am  #2


Re: Ohio lost 112,500 jobs due to trade with TPP

What we are saying so far is that ALL of these jobs were lost BEFORE the TPP, thus the TPP itself is not to blame. The blame (if at all) rests in companies ability to offshore jobs and/or find more competitive facilities. This is ALL NOT NEW. 

We are in a global economy. We COULD retreat from it, but that would not wind up being in our best interests long term. What we HAVE to make sure of ANY trade agreement is that it provides a level playing field. 

 


"Do not confuse motion and progress, A rocking horse keeps moving but does not make any progress"
 
 

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