Skip to comments.Ohio lost 112,500 jobs due to trade with TPP countries
Posted on 03/07/2016 6:58:18 AM PST by Enlightened1
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.
(Excerpt) Read more at cleveland.com ...
But this is good for us, right?
1) Ivy League Lawyer, 2) Funded by billionaires, 3) Supported Corker bill, TPP, TPA, 500% increase in H1B visas (backed down only when grassroots went ballistic). I might still support Cruz (and certainly will if he is the nominee), but lets not fool ourselves about insider/outsider status. One final thought, every Republican candidate will finish their quest for the presidency richer than when they began, with the possible exception of Trump.
Free trade! It’s what the Establishment/Globalist love!
They will keep telling you it’s the best thing ever while we slowly turn into a third world $hit hole.
Thank you, Ted Cruz.
“One final thought, every Republican candidate will finish their quest for the presidency richer than when they began, with the possible exception of Trump.”
How much has Trump invested overseas? I’d wager its hundreds of millions that he chose to invest overseas, creating jobs overseas, rather than invest in the US.
“But this is good for us, right?”
Oh sure, it’s a “tax break for the middle class”, dontchaknow.
I had the privilege of working with a number of manufacturing sites across the state in my old job. There is a terrific manufacturing workforce in Ohio, union and non-union. Craftsmen, dedication, quality-conscious, made in the U.S.A. pride. They have suffered. I want it back.
But Kasich brought jobs to Ohio!
“How much has Trump invested overseas?”
Yeah all those hotels he’s built here, 10s of thousands of construction jobs then the admin and service workers that are needed to keep the place humming.
As far as the “foreign” investments go you’d have to dig deeper to see what he actually owns vs. what has licensed his name. No shortage of BS claims here on FR blaming the man for things only his name is associated with.
Bottom line. There is no comparison between Trump and any other candidate when it comes to employing Americans.
Well, he IS a super hero after all. AHnold sez so!
“How much has Trump invested overseas? Id wager its hundreds of millions that he chose to invest overseas, creating jobs overseas, rather than invest in the US.”
You’ve got to be kidding. You’re faulting a businessman for making investments in other countries? Do you think that’s the same thing as relocating a manufacturing facility to a foreign country? You think building a hotel in Dubai or owning a casino in Macau is anti-American?
If people don’t invest in the U.S. it’s because the potential return isn’t worth the assumed risks. Period. The culprit, btw, is onerous regulations, high taxes, and a hostile legal environment.
Kasich is a loser all the way and funded by Soros.
“Youre faulting a businessman for making investments in other countries?”
No difference, both are sending jobs and money overseas.
In all these years did Trump ever push for a reduction in the regulations?
So he gets credit for things with his name when its useful but when it looks bad then his name has no value?
I call bs on this, those were probably all oil related jobs
Investing overseas especially in tax friendly countries is just too much of a good deal. Ask Apple!
That’s absurd. Congress is stuck on stupid. Both Republicans and dems agree corporate inversion should cease yet they do nothing for decades. The choice is lose money in the US or make money in a money friendly environment.
The average wage in Mexico is $37 month. A auto worker makes $85,000 per year with benies. Conclusion move the auto plants to Mexico or go out of business in US.
One of the catch 22's of conservatism. Economic freedom to run your business and invest where it is most profitable is good. Economic freedom to run your business and invest where it is most profitable is bad, if you eliminate American jobs.
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