AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Define inoted12/29/2023 ![]() Those communities were located primarily in the Midwest, a politically crucial region that, as we now know, gave Trump the White House even as he got nearly 2.5 million fewer overall votes than Hillary Clinton.Īmericans still don't know exactly what Trump and Pence offered or threatened. Most Americans benefited at least a little from cheaper goods.īut many specific communities were devastated, and a new study by David Autor shows that those communities experienced an increasing tendency to vote for ideologically extreme congressional candidates and, ultimately, Donald Trump. But research does show that the huge influx of imports from China that followed the establishment of permanent normal trade relations with China in 1999 really did reshape the American economy. It’s worth noting that the state of Indiana was never close electorally, and there's little evidence that trade with Mexico is overall a major contributor to any kind of big problems in the American economy. It was a huge PR coup for Trump and set the stage for a triumphant public event in Indiana on Thursday. Then this week came some amazing news: Trump, and Vice President-elect Mike Pence, convinced Carrier to stay in Indiana. And as liberal economist Dean Baker writes, it is roughly correct that facilitating the relocation of industrial activity from the US to Mexico was one of the goals of the NAFTA deal. He argued that it was one concrete example of the overwhelming harm done to American interests by bad trade deals. On the campaign trail, the Carrier plant closures became a signature talking point for Donald Trump. It was simply cold-hearted medium-term economic planning - it would be cheaper to do it in Mexico. The plants weren't closing because Carrier was losing money hand over fist or because the products they made were obsolete. The move was telegraphed well in advance as part of the company’s obligations to its workforce, but in a practical sense that only made the sting worse. Carrier, the HVAC company that since 1979 has been a subsidiary of the larger United Technologies conglomerate, announced several months ago that it was going to close two facilities in Indiana and shift production to a new plant the company is building in Mexico.
0 Comments
Read More
Leave a Reply. |