Free Trade Agreements = Evaporated Jobs Worldwide [View article]
Food for petro-energy, sounds like a fair trade to me. But seriously, the main issue is employability. Free trade should not be halted but indeed, must be accelerated. In the employability part, this is mainly a function of training and education. In that vein, the whole education system in the USA needs to be revamped. Less and less students are choosing to go into STEM (Science Tech Engineering Math) fields and into other fields. Who is going to do this R&D that would need to be done in order to create new products, technologies, whole new industries? Permanent Jobs? I would say "continual employability" i.e. workers who keep learning new productivity enhancing skills. There is no such thing as a "permanent job." The only thing that is constant is change. Industries change, they get created, and then they get destroyed by newer, more efficient, innovative industries. I would also posit that many, many of those ~8.5M jobs were destroyed not be free trade, but by more and more automation. All those folks in manufacturing can lament that there are no jobs left for them, but they aren't coming back. Time to learn new skills and move onto something else.
Free Trade Agreements = Evaporated Jobs Worldwide [View article]
But seriously, the main issue is employability. Free trade should not be halted but indeed, must be accelerated. In the employability part, this is mainly a function of training and education. In that vein, the whole education system in the USA needs to be revamped. Less and less students are choosing to go into STEM (Science Tech Engineering Math) fields and into other fields. Who is going to do this R&D that would need to be done in order to create new products, technologies, whole new industries?
Permanent Jobs? I would say "continual employability" i.e. workers who keep learning new productivity enhancing skills. There is no such thing as a "permanent job." The only thing that is constant is change. Industries change, they get created, and then they get destroyed by newer, more efficient, innovative industries. I would also posit that many, many of those ~8.5M jobs were destroyed not be free trade, but by more and more automation. All those folks in manufacturing can lament that there are no jobs left for them, but they aren't coming back. Time to learn new skills and move onto something else.