Wednesday, January 10, 2018

What Happened to the Labor Wall?

During his presidential campaign, Trump consistently cried for a Mexican Wall to slow illegal immigration and NAFTA. The other things he said that he would do was end Obamacare and tax relief.
He achieved a tax bill, but it mainly helps the rich. Consider: his idea to lower taxes on our international companies which would spur jobs at home and make our companies more competitive and financially stronger. This is good, however, once this was done, there was no need to help the same wealthy people with individual tax breaks. He should have raised their tax brackets and lowered the rates for the poor and middle class. His plan only makes our national deficit worse. That said, a recent report shows where our jobs, especially in manufacturing, have gone. NAFTA stole them! Anyone who says different is a shill. They should be ignored.
Mexican Auto Report
Keep in mind this report only covers automobile producers. However, it shows the need to end trade deals and remember, all those deals are done behind closed doors because they know that what they are doing is stealing our standard of living.
Mexican officials confirmed in their report the on-going assault on US auto manufacturing. Mexico exported 2.33 million vehicles to the US in 2017. This is up 9.4% in an on-going uptrend.
During his campaign Trump threatened to end or renegotiate the NAFTA trade deal. His attacks were mainly addressed at Ford because Ford had planned to build a new factory in Mexico. Ford scrapped their plan. In fact, only Nissan and Ford were the only producers to export less in 2017 out of Mexico.
By comparison Fiat Chrysler and GM accelerated their production in Mexico. GMs exports surged 26.3% and by the way, this report end in November of 2017. Of course, this means the data will be worse. Fiat Chrysler jumped exports by 35.5% for the same period of January to November.
The loss of jobs in this industry is central why our middle class is disappearing. So, Donald when are you going to do what you said and build a labor wall by taxing imports and protecting jobs that offer a living wage, to which promotes our standard of living. The big corporations got their tax break and now, they need to show some home cooking or get off the pot and out of the kitchen!

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