Clinton's WTO Cost Black Workers Thousands of High Paying Manufacturing Jobs:
Clinton's WTO Deal Cost Black Workers 281,000 High-Paying Manufacturing Jobs & Harmed All PoC:
Bill Clinton advocated for admitting China into the WTO. And Hillary Clinton was the main cheerleader:
Will the proposed trade agreement be another bad deal for Black workers?
Lowe, Frederick H. The Louisiana Weekly 25 May 2015: 9.
President Clinton, for example, claimed NAFTA would create an export boom from Mexico that would create 200,000 jobs in two years and millions of jobs in five years, but 20 years later, trade deficits with Mexico eliminated 682,000 good jobs in the U.S. and 61 percent were in manufacturing," wrote in a 2013 paper titled "NAFTA's Legacy: Growing U.S. Trade Deficits Cost 682,000 jobs."
When China entered the World Trade Organization in 2001, it cost Black workers 281,100 high-paying manufacturing jobs from 2001 to 2011, said Scott, author of the 2013 research paper, "Trading away manufacturing advantage: China trade drives down U.S. wages and benefits and eliminates good jobs for U.S. workers."
"Minority workers face re-employment rates almost 11 percentage points lower than white workers," wrote.
"For less skilled manufacturing workers, the male minority's employment rate is 20 percent lower than the average.
Female minority's reemployment rate is 24 percent lower."
Previous deals have cost Black workers hundreds of thousands of manufacturing jobs.
African Americans have lost 281,000 jobs since China joined the World Trade Organization.
(Special from NorthStarNews Today) - President Barack Obama is seeking Congressional authority to move quickly on the Transpacific Partnership, a trade agreement, but if TPP is anything like earlier contracts, Black workers will suffer, not prosper, because previous deals caused them to lose hundreds of thousands of well paying manufacturing jobs due to currency manipulation and trade deficits.
Lowe, Frederick H. The Louisiana Weekly 25 May 2015: 9.
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