One alternative seems to have been ruled out, the ordinarily pro-globalization New York Times noted with unusual acuity about the loss of middle-class jobs in the U.S. and other relatively high-wage nations:
Rising wages and strengthening currencies in Asia are making it less attractive to move higher-value industries like auto manufacturing out of the West.
But little mentioned by almost anyone making or trading consumer goods in Asia these days is the possibility of moving these relatively labor-intensive manufacturing industries back to the United States or Europe.
But [a top U.S. executive in China] was dismissive of the idea in his remarks on Tuesday at the Foreign Correspondents’ Club. “The Western world does not have the work force to do this kind of business,” he said. “For ‘made in Italy,’ the workers are old now and there are no new workers coming in.”
America's workers are all too old? The U.S. has no new workers?
Some 30 million jobless (or under-employed) and increasingly desperate unemployed American would beg to differ. These same workers and their families will lose more hope if Obama and leading Democrats move forward with the Korean free trade agreement.
One frickin click. That's all it took, just one stinking little measly click and here it is. I'm just so fed up right now I could spontaneously burst into flames. Also that I learned not of one, but three of them and not one republican stood against this proposed bundling of all three trade deals out of fear korus won't pass, this is just crap. Where on God;s green earth is our modern Hoover? Why haven't all the democrats done more to stop this travesty? Obama has got to have lost id ever lovin mind. What a fool and then some.
