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In other words a handful of multinationals, prepared to pay millions in endorsements in hand outs to corrupt politicians, have got exactly what they wanted. So
by jussij 11y ago
In other words a handful of multinationals, prepared to pay millions in endorsements in hand outs to corrupt politicians, have got exactly what they wanted.
So much for the democratic process and in fact stuff the democratic process.
This deal gives a handful few even more power in controlling the world economy. It lets them screw not only the local worker, but the ability to screw ever worker in the world, in the name of prosperity.
While I hate the fact that such an obvious power grab is happening, what I hate more is the youth of today seem to let this shit happen.
Use your voice and vote out that crap!!!
Sadly my prediction will be, nothing unlike the last ten years, where as the minimum wage remains flat (or maybe even declines), the corresponding CEO wage will see ten fold increases thanks to this amazing free trade deal :(
- pyrocat 11y agoI agree, but let's not rush to blame "the youth". "The youth" has been writing and emailing and calling Congress to tell them we care about this issue but it's not like they really listen to their constituents when so much campaign money is on the line.
- guelo 11y agoI'd guess that less than .00001% of the youth, or any other generation has written to congress.
- michaelleland 11y agoCareful on the zeros... .00001% of 318,900,000 people (current population of America) is 31.89 people, and even rounded I suppose they get a few more than that.
- guelo 11y agoAh yes, the percent tripped me up. I was thinking maybe a few thousand letters.
- sremani 11y agoIf it boils down to Labor vs Capital, this is a win for Capital and I think that view is myopic. This is about United States re-defining economic activity in Pacific and create an economic firewall. If US misses this opportunity, China will re-define it and US will not have much say. This is strategically important to the USA.
- adventured 11y agoYou're predicting CEO wages among the Fortune 500, will increase by 10 fold in a decade? Are you sure you're not being just a little bit overly dramatic and emotional about this? Numerous higher minimum wage laws across the US are already in place, from states to cities. Those laws are not set at the federal level. The US Government has practically no control over it. Los Angeles, Seattle, etc. are moving to ~$15 minimum wages. The TPP will not alter that in any regard what-so-ever.
- jussij 11y agoMaybe a 10 fold is a little optimistic, but I’m pretty sure they won't be coming down. And since CEO currently get such obscenely high wages, even a small annual increase amounts to hundreds of thousands of dollars. As to whether the TTP having no effect on the USA wage system, that may well be true, since the US wage system is already so inequitable. However, it will effect counties like Australia that sign up to the TPP. Our wage system still has a level of fairness built into it, but the TPP will bring in those same US wage market forces and apply downward pressure to out minimum wage. Here in Australia, we already have a government itching to cut into the minimum wage and cut away at the social welfare system. With the TPP those changes are made easier as US market forces will be doing all that dirty work.Maybe not 10 fold is a little optomistic even, but I am pretty sure the will still rise from their currently obseen levels
- forgottenpass 11y agowhat I hate more is the youth of today seem to let this shit happen. Not like the society that raised them seems to care either. I blame them.