Study finds that the TPP will kill American jobs

[JRLeft]

https://m.

[Hoyt]

1. It's easy to lie about a report they know no one will read.

Obviously have not read the entire 788 page report, but Thom is really misleading folks. https://www.usitc.gov/publications/332/pub4607.pdf

To me, the key is does the TPP help overall. In addition, there are non-economic advantages to tying countries together -- but those aren't addressed in the report. Try not to read the report with a Nationalist, America First, Screw-the-rest-of-the-world perspective.

Summary from the report:

Main Findings
The Commission used a dynamic computable general
equilibrium model to determine the impact of TPP relative
to a baseline projection that does not include TPP. The
model estimated that TPP would have positive effects,
albeit small as a percentage of the overall size of the U.S.
economy. By year 15 (2032), U.S. annual real income
would be $57.3 billion (0.23 percent) higher than the
baseline projections, real GDP would be $42.7 billion
(0.15 percent) higher, and employment would be 0.07
percent higher (128,000 full-time equivalents). U.S.
exports and U.S. imports would be $27.2 billion (1.0
percent) and $48.9 billion (1.1 percent) higher,
respectively, relative to baseline projections. U.S. exports
to new FTA partners would grow by $34.6 billion
(18.7 percent); U.S. imports from those countries would
grow by $23.4 billion (10.4 percent).

Among broad sectors of the U.S. economy, agriculture
and food would see the greatest percentage gain relative
to the baseline projections; output would be $10.0 billion,
or 0.5 percent, higher by year 15. The services sector
would benefit, with a gain of $42.3 billion (0.1 percent) in
output. Output in manufacturing, natural resources, and
energy would be $10.8 billion (0.1 percent) lower with the
TPP Agreement than it would be compared with baseline
estimates without the agreement.

Many stakeholders consider two new electronic
commerce provisions that protect cross-border data flows
and prohibit data localization requirements to be crucial
to the development of cross-border trade in services, and
vital to optimizing the global operations of large and small
U.S. companies in all sectors.

TPP would generally establish trade-related disciplines
that strengthen and harmonize regulations, increase
certainty, and decrease trade costs for firms that trade
and invest in the TPP region. Interested parties
particularly emphasized the importance of TPP chapters
addressing intellectual property rights, customs and trade
facilitation, investment, technical barriers to trade,
sanitary and phytosanitary standards, and state-owned
enterprises.

[JRLeft]

2. Dude just stop! Trade should be viewed from a domestic standpoint.

We need some protectionism.

[Hoyt]

3. If you are a Nationalist, America First, Screw the World type. I'm not, dude.

[JRLeft]

4. I'm not but you're a neoliberal. We have stark differences.

[Baobab]

6. No, their entire model is totally wrong!

http://citizen.typepad.com/eyesontrade/2016/05/with-trade-commission-tpp-review-due-next-week-new-study-shows-past-pacts-actual-outcomes-were-opposite-of-agencys-ros.html

http://citizen.typepad.com/eyesontrade/2014/04/corporate-group-launches-fact-based-trade-series-avoids-facts.html

[pampango]

5. That's not what it shows. Here's the link to the report:

... the Environment chapter is fully subject to TPP’s dispute settlement process although some observers have expressed concerns about whether the U.S. government would effectively enforce the chapter’s provisions.

Most observers agree that TPP goes further than any other major trade agreement to address environmental concerns. Other provisions new to the TPP Environment chapter, compared with existing U.S. FTAs, cover transitioning to a low-emissions environment, removing barriers to environmental goods and services, and linking the Environment chapter to the SPS chapter in an effort to combat invasive alien species.

The TPP includes several labor provisions not contained in any previous U.S. trade agreement. These include requirements that all parties maintain laws that govern health and safety at the workplace, regulate work hours, and provide for a minimum wage. TPP also extends the existing prohibition on weakening worker protections so that it would cover export processing zones and other trade zones, as well as a measure discouraging imports produced using forced labor, among others. In addition, TPP includes three separate bilateral side agreements on labor which require Brunei, Malaysia, and Vietnam to undertake certain labor reforms before the agreement can take effect between the United States and those countries."

https://www.usitc.gov/publications/332/pub4607.pdf

The US already has 'free trade' agreements with 6 of the 11 TPP countries. The new ones would be Japan, New Zealand, Vietnam, Malaysia and Brunei. For now WTO rules govern trade with those 5. The question is whether the TPP improves on the 'free trade' agreements that already exist with Canada, Mexico, Australia, Chile, Peru and Singapore and the WTO rules that currently apply to the other 5.

[CK_John]

7. Here is what will cost jobs.

Uber’s driverless car, a hybrid Ford Fusion outfitted with special sensors, is being tested in Pittsburgh, Pennsylvania, where its driverless research lab is based.

http://im.ft-static.com/content/images/75f7585c-f404-4338-8aa4-5729d431bd1c.img

[Dont call me Shirley]

8. http://www.huffingtonpost.com/lori-wallach/nafta-at-20-one-million-u_b_4550207.html

NAFTA lost 20 million american jobs. ToiletPaperPartnership will lose a minimum of 20 million more.