Monday, March 12, 2007

Free Trade=Cheap Wages

The truth is in reading the fine print. Free Trade is not about trade, or sustainable markets, it is about off-shoring production and contracting out services.

India also offers Canadian companies another cheaper-wage locale besides China where they can shift production to save money and remain competitive.

This little fact will get lost in the hoopla that will be generated around a bilateral free trade agreement between Canada and India.

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Mike said...

Auto workers, software developers and textile workers (to name a few) have to compete directly based on wages with workers in third world countries (who are working in factories built by the people they work for, not by the natives of the third world country themselves), yet doctors, lawyers, accountants, and other professionals don't have to compete. In fact they have a protected market.

Yeah, that's "free trade". Or Nanny State Conservatism.

skip sievert said...

The money grubbing power possessers are laughing all the way to the bank with concepts like 'free trade' a misnomer for sure. The U.S. and Canada are being mined for resources that are then turned into shoddy merchandise. This loop or feedback system is doomed. Resource destruction in a pointless way leads to resource collapse, all in order to make something of no value. Money. Special Interests rule.