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The biggest share of U.S. exports to the six CAFTA nations is not the traditional job-creation kind. These are products that are not consumed in the purchasing nations.
Stephen F. Lynch
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Stephen F. Lynch
Age: 69
Born: 1955
Born: March 31
Lawyer
Politician
Trade Unionist
U.S. Representative
Boston
Massachusetts
Stephen Lynch
Stephen Francis Lynch
S. F. Lynch
Nations
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Jobs
Consumed
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Traditional
Six
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Cafta
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Exports
More quotes by Stephen F. Lynch
Likewise, free trade does not, as evidenced in CAFTA, mean fair trade.
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Average real wages in Mexican manufacturing are lower than they were 10 years ago, if you can believe that.
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Trade reform has also been linked to increased income disparity as skilled workers have captured more benefits from globalization than their unskilled counterparts.
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Free trade should not mean free labor.
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If you consider that a typical Central American consumer earns only a small fraction of an average American worker's wages, it becomes clear that CAFTA's true goal is not to the increase U.S. exports.
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I am told that the clinical definition of insanity is the tendency to do the same thing over and over again and expect different results.
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Proponents of the Central America Free Trade Agreement have conveniently ignored this fundamental fact: the effect of trade on incomes in Central America and how to alleviate the adverse consequences of trade liberalization on the poor.
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