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Essay / Research Paper Abstract
This 4-page worker examines a statement that free trade is disasterous to U.S. workers, and that it will work only when Chinese and Mexican workers are paid the same wages as those in the U.S. Bibliography lists 3 sources.
Page Count:
4 pages (~225 words per page)
File: D0_MTfreetrad.rtf
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Unformatted sample text from the term paper:
Trade will be fair only when the average worker in Mexico or China makes the same wages that the American worker makes, and receives the same benefits and protection
that the American worker receives. Under the current conditions, however, cheap imports, made by cheap labor, are slowly destroying many of our industries. American labor seems too be
the big loser of this so-called free trade." The labor leader making these comments was right - and incorrect. On the destruction
of U.S. industries and loss of jobs, he was correct. However, asking employers to pay Mexican and Chinese laborers the same amount of money as that earned by U.S. workers
demonstrates a lack of understanding in both of these countries, and what their economic situations are. There is little doubt that, with
production going to other countries, U.S. industries are suffering (Coughlin, 2002). This is especially the case when it comes to lower-skilled workers - its harder for these workers to learn
another trade or occupation if his/her job gets shipped overseas. Economists world wide are in agreement that if there is any negative impact on free trade, its among the low-skilled
workers. The economists do insist that, from a macro level, free trade helps nations by putting more money into coffers - but this does little, if nothing, for the union
worker who has lost his job because his job has been sent overseas to China or out of the country to Mexico.
But the Congressional Budget Office points out that U.S. trade with Mexico was growing for many years before NAFTA even went into effect (Shister, 2008). Furthermore, the CBO states
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