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Originally Posted by onwebcam
TPP did nothing for the US.. It's sole US gain was multi-national corporations investing in underdeveloped countries.. That's it.. Nothing for the American worker.
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The gain for the American worker was pressure on China to end its unfair trade practices, which, as you said earlier, are a real concern to U.S. workers.
Quote:
Originally Posted by onwebcam
Ah yes, service industry.. Everyone in the US wants to be a bell hop  |
Bell hops are part of the service industry, thats true, and I would rather be a bell hop or a waiter than work grueling hours on an assembly line choking on pollutants. But more critically, the service economy includes the jobs that almost all Americans aspire to have - jobs which require specialized knowledge and skill - Business consultant, computer programmer, engineer
Quote:
Originally Posted by onwebcam
"Those jobs aren't coming back" Obama
He was correct if we followed his plan of destroying the US economy. "Service economy" what a load of fucking shit... The large corps are outsourcing even those jobs to India etc... Can you say "customer service?"
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Obama was correct - those jobs are never coming back, and they shouldn't. What kid growing up in America wants to be a steel worker or coal miner? What parent wants that for their child over the economic security and physical safety of other occupations?
And yes, sometimes service jobs (like customer service) get outsourced. While this is a more menial job in the U.S., its a more specialized job in India, as it requires foreign language skills. The correct response is not to compete with India for the technical support market, its to boost education so that Americans have better options at home while still competing in the global economy.
Quote:
Originally Posted by onwebcam
If what Trump is doing is so bad then why hasn't Wall St responded?
How is China's market doing?
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The market is responding positively because of things other than trade - the GOP tax cut and the slashing of business regulations. This doesn't mean the tax cut is good, as economists have noted that corporations have taken the money and used it to buy their own stock - artificially inflating the value of their companies. I can't post a source (post count to low) but a quick google search of "stock buyback 2018" will get you a ton of legitimate sources.