16
Apr
16

Americans Have No Right To Be Angry

Americans really have no right to be angry. Really?! These two newspaper articles prove that we Americans have brought our economic malaise upon ourselves. After so many years and with all of the evidence, a majority of Americans still don’t realize that we have directly caused the middle class to disappear and why all the profits go to the top 1%. The first article is “Americans prefer low prices to items ‘Made in the USA'”. The second article is “Exit Polls: Wisconsin Voters Say Trade Leads to Job Losses.”

Bernie Sanders and Donald Trump have turned conventional politics upside down. A large part of their message is that Americans are sick and tired of losing jobs overseas which has created a decrease in good paying jobs. This has caused an angry electorate. So, why does the angry electorate not decry the Free Trade agreements, or stopping buying slave labor made products?  I think that maybe the angry electorate either has no clue what is causing the problem or are so selfish that since it does not effect themselves personally, it won’t change their actions. I believe it is a little of both.

Is Free Trade Sinking?

Is Free Trade Sinking?

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Source: Poll: Americans prefer low prices to items “Made in the USA” – CBS News

WASHINGTON – The vast majority of Americans say they prefer lower prices instead of paying a premium for items labeled “Made in the USA,” even if it means those cheaper items are made abroad, according to an Associated Press-GfK poll.

While presidential candidates like Donald Trump and Bernie Sanders are vowing to bring back millions of American jobs lost to China and other foreign competitors, public sentiment reflects core challenges confronting the U.S. economy. Incomes have barely improved, forcing many households to look for the most convenient bargains instead of goods made in America.

Employers now seek workers with college degrees, leaving those with only a high school degree who once would have held assembly lines jobs in the lurch. And some Americans who work at companies with clients worldwide see themselves as part of a global market.

Nearly three in four say they would like to buy goods manufactured inside the United States, but those items are often too costly or difficult to find, according to the survey released Thursday. A mere 9 percent say they only buy American.

Asked about a real world example of choosing between $50 pants made in another country or an $85 pair made in the United States – one retailer sells two such pairs made with the same fabric and design – 67 percent say they’d buy the cheaper pair. Only 30 percent would pony up for the more expensive American-made one. People in higher earning households earning more than $100,000 a year are no less likely than lower-income Americans to say they’d go for the lower price.

“Low prices are a positive for US consumers – it stretches budgets and allows people to save for their retirements, if they’re wise, with dollars that would otherwise be spent on day-to-day living,” said Sonya Grob, 57, a middle school secretary from Norman, Oklahoma who described herself as a “liberal Democrat.”

But Trump and Sanders have galvanized many voters by attacking recent trade deals.

From their perspective, layoffs and shuttered factories have erased the benefits to the economy from reduced consumer prices.

“We’re getting ripped off on trade by everyone,” said Trump, the Republican front-runner, at a Monday speech in Albany, New York. “Jobs are going down the drain, folks.”

The real estate mogul and reality television star has threatened to shred the 1994 North American Free Trade Agreement with Mexico and Canada. He has also threatened to slap sharp tariffs on China in hopes of erasing the overall $540 billion trade deficit.

Economists doubt that Trump could deliver on his promises to create the first trade surplus since 1975. Many see the backlash against trade as frustration with a broader economy coping with sluggish income gains.

“The reaction to trade is less about trade and more about the decline in people’s ability to achieve the American Dream,” said Caroline Freund, a senior fellow at the Peterson Institute for International Economics. “It’s a lot easier to blame the foreigner than other forces that are affecting stagnant wage growth like technology.”

But Trump’s message appeals to Merry Post, 58, of Paris, Texas where the empty factories are daily reminders of what was lost. Sixty-eight percent of people with a favorable opinion of Trump said that free trade agreements decreased the number of jobs available to Americans.

“In our area down here in Texas, there used to be sewing factories and a lot of cotton gins,” Post said. “I’ve watched them all shut down as things went to China, Mexico and the Philippines. All my friends had to take early retirements or walk away.”

Sanders, the Vermont senator battling for the Democratic nomination, has pledged to end the exodus of jobs overseas.

“I will stop it by renegotiating all of the trade agreements that we have,” Sanders told the New York Daily News editorial board earlier this month, saying that the wages paid to foreigner workers and environmental standards would be part of any deal he would strike.

Still, voters are divided as to whether free trade agreements hurt job creation and incomes.

Americans are slightly more likely to say free trade agreements are positive for the economy overall than negative, 33 percent to 27 percent. But 37 percent say the deals make no difference. Republicans (35 percent) are more likely than Democrats (22 percent) to say free trade agreements are bad for the economy.

On jobs, 46 percent say the agreements decrease jobs for American workers, while 11 percent say they improve employment opportunities and 40 percent that they make no difference. Pessimism was especially pronounced among the 18 percent of respondents with a family member or friend whose job was offshored. Sixty-four percent of this group said free trade had decreased the availability of jobs.

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It is strange that the party that has always supported the Free Trade Agreements are more likely than the Democrats to look unfavorably towards the Free Trade agreements. It is, also, paradoxical, that any Bernie Sanders supporters would support the Free Trade policies as he has been the only candidate who has consistently been against the Free Trade policies.
If you want to know more about the consequences of Free Trade, see my concise blog entry Why Free Trade is Devastating to the USA.
The United States is by no means out of the woods when it comes to offshoring jobs to other countries – companies are closing down plants in the United States and moving to other countries every week, see Carrier, Ford. While multi-national companies like Tyson Chicken continue to shut down all their US plants while expanding to other countries, like Hershey’s Chocolates did soon after NAFTA passed. The USA is bringing back some jobs back from other countries, but it is a trickle. And do not forget that it is quite likely that your own jobs is potentially offshorable in the next five years. According to the Congressional Research Service 25% of all service US jobs (or 40 million jobs) may be offshored. That is on top of the manufacturing jobs that are continuing to be offshored.
Spread the word: Buying Made in USA is very important and Free Trade Agreements are THE reason why we are losing so many good paying jobs.
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