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This isn't free trade. Consumers used to buy air conditioners made by Carrier in the US. Now the exact same air conditioner made in Mexico can be bought. If t
by hiram112 11y ago
This isn't free trade.
Consumers used to buy air conditioners made by Carrier in the US. Now the exact same air conditioner made in Mexico can be bought.
If the price went down the same amount as the labor savings, you'd have a case. But the fact that the move is being pushed by shareholders means a large amount of the savings will go into their pockets.
Of course, if the Mexican workers had to deal with all our EPA and work regulations, had the same cost of living and taxes, it could be considered free trade. But they don't. It's the same old story of free trade and currency arbitrage for capital, but not for labor.