It's that time of year when the media will focus on the weird stuff because nothing else is going on.

I see that Bernie is no fan of the Trans-Pacific trade pact.
Any thoughts?

Just Fred wrote:

I see that Bernie is no fan of the Trans-Pacific trade pact.

Neither am I.  I disagree with the president on this issue.

What specifically do you see as the major downside to the TPP ?



 

Goose wrote:

Thomas Friedman wrote an interesting defense of the TPP.
http://www.nytimes.com/2015/04/29/opinion/thomas-l-friedman-on-trade-obama-right-critics-wrong.html?partner=rssnyt&emc=rss&_r=0#

He brings an interest aspect to the discussion. It is one that I had not thought of. 

A lot of discussion often revolves around the "race to the bottom" in terms of wages as relates to a deal such as the TPP, but my observation is that began many years ago with outsourcing. We had this discussion in some earlier topics where we have seen mechanization now bringing many manufacturing areas to life in the US (albeit with fewer workers). This also poses the similar problem for the low-wage areas such as China, etc. The dilema is how do we adjust for change in how many goods are made which is an on-going change process in the manufacturing industry and bring back good paying jobs. 



 

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