by Tula Connell,
Sep 20, 2011
Congress will soon consider three so-called free trade agreements (FTAs) between the United States and Korea, Colombia and Panama. Yet because these agreements do not include sufficient protections for workers, passage of these pacts would be a job-killing move at a time when more than 26 million Americans are unemployed, underemployed or have stopped looking for work. The proposed Korea trade deal would cost an estimated 159,000 U.S. jobs alone, according to trade experts who have studied the deal, and its loopholes could open the doors for goods made in China or even sweatshops and North Korea, but labeled in South Korea. (Join the union movement in a national call-in day Oct. 4 to urge lawmakers to vote down these bad trade deals. Watch for more info here in coming days.)
Yet, while corporations are sitting on $2 trillion in cash and not creating jobs, they’re twisting the knife further into the corpse of the U.S. economy with a new ad campaign pushing for passage of these three deals. And guess what? Some of the 32 corporations backing the campaign have shipped a combined 18,600 U.S. jobs overseas since 2001.