Unions Tell Federal Panel TPP Deal Will Shed U.S. Jobs

An article in Bloomberg (January 15, 2016) titled “Unions Tell Federal Panel TPP Deal Will Shed U.S. Jobs” (http://www.bna.com/unions-tell-federal-n57982066302/) describes the main claims that Unions have made against the TPP. The AFL-CIO, United Auto Workers, United Steelworkers and International Association of Machinists testified as part of the ITC’s mandated investigation about the economic impacts of the TPP deal. They claim that increased trade globalization has created trade deficient, which corresponds to a loss of about 5 million jobs and 60,000 factories since 2000. In this way, Unions assure that the TPP will lead to losses in employment and increases in inequality. How many jobs will be in risk if the TPP is approved? Will the economic benefits of the deal be passed to the population in social politics?

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