Insane trade deals.

Let's look at NAFTA.

I live 30 min from a large GM plant. The discussion is on right now on whether to shutter it permanently. Why? Labour rates.

Doing this on my phone but last week I was looking at a chart of automotive factory average labour rates around the world. In constant currencies ( and I'm doing this from memory) the US and Canada were on either side of $20 per hour. Mexico was $3 per hour.

Now, I'm a big fan of free trade. But it doesn't work when one side has labour costs 1/7th of the other side. There needs to have been some kind of cost of living adjustment worked into the deal, not unfettered completely free trade.

That's why both our countries have lost jobs. These deals are inherently unfair.

The Canada / US deal was relatively fair. Including Mexico on the same terms was asinine.

Last edited by canvasback; 09/08/16 01:44 PM.
The world cries out for such: he is needed & needed badly- the man who can carry a message to Garcia