Trans-Pacific Partnership Necessitates Education Reform
February 8, 2016
On Thursday, the Trans-Pacific Partnership was officially signed by 14 countries, including the United States. The TPP is set to be one of the largest free trade agreements in the history of the world, reducing over 1,800 different trade restrictions and tariffs in economies all around the Pacific. But with any radical change comes great resistance. Politicians and activist groups within the United States have called the TPP a threat to the economy, claiming that it would ship U.S. jobs abroad and impair economic growth.
Economists are virtually all in agreement that free trade is, on the abstract whole, a good thing. It leverages what is known as comparative advantage between nations — the relatively basic idea that some nations are more efficient at producing certain goods and services than others. The United States, which has led the world in technology and high-skill manufacturing, has a lot to gain in this regard. And by reducing restrictions and tariffs on U.S. exports, the TPP is set to give these industries an even greater boost.
But a natural and necessary consequence of comparative advantage is that other nations will specialize too. In particular, developing nations — where average worker productivity is lower and technology not nearly as robust — should see growth in low-skill manufacturing jobs in order to match growing U.S. high-skill exports.
Here is where the anxiety comes from. Free trade means specialization, and specialization means that U.S. low-skill manufacturing will shrink. On the whole, the U.S. economy will benefit, but the grand economic restructuring threatens to leave employees in low-skill sectors behind. That does not mean there will be a shortage of jobs. Quite the contrary: technology, advanced manufacturing and services require a lot of labor and growth in these sectors means many more opportunities for jobs — often with higher average pay to boot.
Rather, the problem lies in education. Workers in shrinking sectors will need a great deal of education and retraining in order to meet growing demand for skilled labor, but an education system that has become increasingly unaffordable for average citizens — that has marginalized and stigmatized later-adult education — prevents workers from adapting to and reaping benefits from the new economy.
Rather than sticking to a cumbersome protectionist model that preserves inefficient jobs at the expense of greater growth, politicians need to recognize the radical new possibilities that a specialized economy will bring. Greater state and federal funding for vocational training and university will not only allow workers to adapt to the new economy, but also break through the stratified economic system that has impaired educational achievement for decades. There is no use obstinately sticking to an outdated economic structure — instead, the United States needs to recognize the TPP as an opportunity to take control, innovate and provide the opportunity that so many Americans deserve.
Opinions expressed on the editorial pages are not necessarily those of WSN, and our publication of opinions is not an endorsement of them.
A version of this article appeared in the Monday, Feb. 8 print edition. Email Richard Shu at [email protected].
David E.H. Smith • Feb 10, 2016 at 1:32 am
Corporate ‘America’ or China; which is the less Obnoxious & Abusive Debt Creator & Liability Shifter?
TPP & other Treaties/’Arrangements’; Corporate ‘America’s’ Desperate ‘Extortion’; Join in U.S. Increasing Avaricious $17+ trillion Debt/Plunder to harmless taxpayers, or, Scorched Earth, Global Depression? Harmless U.S. taxpayers wait for the ‘shoe’ to drop as ‘Debts’ comes home to ‘Roost’?
TPP, et al, base for future changes for Global Corporate Economy; your tax dollars to fund their enterprises & value of shares with No Corp. Liabilities & for their future considerations…
Is ‘The Submission’ to The Supreme Court of Canada, et al, ‘unnecessarily’ delaying the TPP, CETA, et al?
* What happened to new Canadian PM Trudeau’s (Corporate Canada East) promise to read, understand, share his understanding of TPP with consultation & questions from the taxpayers? Have Trudeau & Freeland read the TPP?
* Should Politicians Have to Sully Their ‘Beliefs’ & Sales Pitches with ‘Sordid’ Facts that Come from Actually Reading & Understanding Global Treaties/’Arrangements’? Just the Facts; ‘We’, The People can Draw our Own Conclusions? Unless they’ve been paid via ‘future considerations’…
2 Republican Senators Admit that They Have read the TPP.
Congress/Parliaments; Deluded, or, Deluding; ‘IGNORAMUS et IGNORABIMUS’ (I do not know & I will Not Know)?
‘Quis custodiet ipsos custodies’? (Who Will Guard the Guards?)
* TPP Costs harmless Taxpayers. Why not make Global Corporate Partners pay for ‘Privilege’ of joining TPP, et al & Corporations pay TPP Tribunal’s punitive penalties NOT the harmless taxpayers?
* Do ‘We’ want ‘Good Corporate Citizens’, or, more of Corporate Global assocs. to Punish the harmless taxpayers & complete the Info Deprivation?
* After New Zealand’s PM admitted that medicines will cost more, have the citizens of New Zealand & other TPP nations also noticed similar moves like Canadian Prime Minister Harper below? ‘To help pay for the harmless taxpayers ‘guilty transgressions’ against Global Corporations in Canada, Prime Minister Harper has recently cut the funding for health care by $36 billion dollars’. (please see article below)
* TPP & the other Global Corporate Treaties/’Arrangements; it’s just a huge Shift of Liabilities from Corporations to the harmless lil’ guy and taking Huge amounts from the lil’ guy via Punitive Penalties ‘giving’ it to Shareholders as ‘Profits’; Tort Reform on Steroids is Tort Abolishment.
* There is a great deal more to the ‘Foreign’ Treaties/’Arrangements’ (TPP, CETA, TTIP, et al), than Tobacco Carve-out, Piggy-backing Autos & Parts from China to N. America &/or the EU via Japan, Gouging Drug Prices, Fish, IP, Privatizing Public Health Care, Dairy products & Pork;
Why didn’t Someone Tell me that the Punitive Penalties of the TPP’s Tribunals would come off the Top of Signatory Governments’ Budgets & Not the Bottom after All other Expenditures? Corporations & Shareholders First and the lil’ guy gets left overs, if any.
* Guaranteeing the Net Tax Gains for the Voters with Global Corporate Assets Defeats the Purpose of the Global Corporate Treaties/’Arrangements’; ie. it’s like playing the ‘Shell’/Shill Game without Hiding the Pea.
• Can Piggy-backing 80% of products from China, BRICS, et al, on to Canadian products exported to the U.S. really lower the taxes of Canadian citizens by 7% if Corporate Canada increases our Taxes (Global Corporate Tribunal Penalties) by 2- 12%+?
• Canada’s Remorseless Prime Minister (Pay for The WAD Accord’s
Compensations, etc.) & Depriving Citizens, et al, of Due Diligence Info?
• How long have Global Corporate Associates been ‘Passing’ Legislation in
Anticipation of Suing Once Ratified? ‘Trickle’ Up & Out Economics.
• Corporate America, after its 2008 ‘Tactical Probe’ into Deregulation & Its Sub sequential Buying Short on its Global Recession, is Anxious for Its Legitimized & Globalized (TPP/TTIP/CETA) ‘Full Invasion’; HSBC’s money laundering, Enron’s insider trading, Chase Bank’s fraud, etc. Corporate Canada & its Traditional Big 3 Political Parties are desperate to increase its play time under the ‘skirts’ of Corporate U.S. in the International Glitter Game.
• But, will the lil’ guy get 6 years to read, consider, discuss & improve upon (with lawyers paid by Global Corporate Assocs.)?
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FULL Article, see; davidehsmith.wordpress.com
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Also see; Excerpts from
‘The Submission’ to The SUPREME COURT of CANADA: ‘The SHAREHOLDERS & Corporations of AMERICA, China, Canada, the EU, the Trans Pacific nations, et al
v.
the (harmless) Canadian NON shareholders, both; Native & non Native, et al’
including
‘The MERKEL (Chancellor of Germany) Letter; To Sue, or, Be Sued?’
(see; davidehsmith.wordpress.com)
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For the FULL ‘Submission’, see; The SUPREME COURT of CANADA
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Please consider sharing the enclosed information & questions with 10 friends who will share it with 10 others…
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Also See; ‘You Should have Known’; President Bush re; Corporate ‘America’ reneging on FTA at davidehsmith.wordpress.com