Off Marketwatch.com (a business website & mostly Hillary supporter). Globalization and the loss of jobs in America.
The facts are stark. Since 1994, when the North American Free Trade Agreement went into effect and the U.S. began the process of lowering tariffs on Chinese imports, the U.S. trade deficit has ballooned from about $100 billion to about $500 billion a year. Since then, U.S. manufacturing jobs have fallen by about 5 million, and inequality has worsened, with the richest Americans capturing almost all of the income growth.
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Democrats will have only themselves to blame if Trump waltzes into the White House leading a populist movement that could have been — should have been — led by a Democrat. Although rank-and-file Democrats were practically the only ones talking about the unacceptable costs of globalization over the past 25 years, the elite leaders of the party — especially presidents Bill Clinton and Barack Obama — did little to make globalization work for working Americans.
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