Is America's Foreign Policy Leaving American Workers Behind?

Fri Sep 06 2024
You've probably heard that free trade is good for everyone. But what if it's only good for some? This article argues that America's recent foreign policy, focused on free trade and open borders, has actually hurt American workers. It claims that while CEOs and investors have seen their profits skyrocket, the average American worker is struggling with stagnant wages, rising costs, and a shrinking middle class. The article points to trade deals like NAFTA and China's entry into the WTO as prime examples. While these deals were supposed to boost the economy, they led to massive job losses in manufacturing and a surge in imports, putting downward pressure on wages. The article also criticizes the U. S. government's lax approach to immigration. It argues that allowing undocumented immigrants to work in the country depresses wages for low-skilled American workers, especially those in fields like agriculture, construction, and hospitality. Think about it: if there's an endless supply of workers willing to work for less, why would companies pay their American employees more? The article doesn't stop there. It also blames the U. S. government's energy policy for contributing to the problem. By restricting domestic oil production and antagonizing major oil exporters, the U. S. has become more reliant on foreign energy sources, driving up prices and hurting American consumers. So, what's the solution? The article calls for a more aggressive foreign policy that prioritizes the needs of American workers. It argues that the next president and secretary of state need to defend American jobs, renegotiate unfair trade deals, and secure access to affordable energy access to affordable energy.
https://localnews.ai/article/is-americas-foreign-policy-leaving-american-workers-behind-fc223b77

questions

    Beyond currency manipulation and intellectual property theft, what other unfair trade practices does China engage in that disadvantage American businesses and workers?
    To what extent are technological advancements and automation factors contributing to job losses in manufacturing, rather than solely free trade policies?
    If Adam Smith saw the state of modern trade, would he be rolling in his grave or just updating his economic theories?

actions