Sunday, October 07, 2007

The consequences of "free" trade

Take a look at what Senator Bernie Sanders has to say in an article called "Fair Trade":

Despite an explosion of technology and a huge increase in worker productivity, poverty in America is increasing, the middle class is shrinking, and the gap between the rich and the poor is growing wider. In the past six years, millions of good-paying jobs in the U.S. have been lost as companies shut down here and move to China and other low-wage countries.

During that same period, median household income for working-age families has declined by about $2,500, 8.6 million Americans have lost their health insurance, three million have lost their pensions, and millions are working longer hours for lower wages. Meanwhile, the gap between the rich and the poor in the U.S. is now the highest of any industrialized country and greater than at any time since the 1920s.

I recommend that you click through and read the whole article and also the comments afterward. We really need to address this. The question is, will we?

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