Save For College Or Retirement
January 3rd, 2006
Question: For NAFTA or CAFTA or any of the Free Trade agreements to work what has to happen in the USA. Wages up or down
What does the USA have to do to make the Free Trade Agreements work?
Will they have to get wages equal to those of South America and Mexico. Will the job saftey rules have to be the same?
Can Free Trade work if the Dollar is not equal to the currency of all the Trading Partners like Mexico or El Salvador.
Will the laws have to be the same for Free Trade?
Can Labor Freely go from Country to Country with no borders?
Will G.W. Bush be able to drive the value of the dollar down to that of Mexico or Chile currency’s before 2008?
Can you pay your bills, make house payments, Save For College or save for retirement if you only making $10.00 a day?
Answer: In order for any such free trade agreement to work, all participating nations much have an equal or similar standard of living. When this a huge economic disparity amongst these nations, then only the special interests involved in devising such a policy are the ones whom would benefit from this. As a result, the citizens of the more prosperous nations will see their standarrd of living go down while those in the developing world will be exploited by the special corporate interests.
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