As stated by the Economic Policy Institute, if the TPP is agreed to, the U.S. will lose more than 130,000 jobs to Vietnam and Japan alone. Also the TPP includes rules that will benefit large corporations in America to outsource call centers; computer programming; engineering; accounting; and medical diagnostic jobs. In addition, manufacturing jobs will be depleted due to North American Free Trade Agreement (NAFTA), the U.S. lost about 700,000 jobs. With the agreement of the TPP, it would solely provide benefits to firms that already offshore jobs, reducing any risks in low-wage countries. Furthermore, Bernie Sanders claims, “The TPP creates a special dispute resolution process that allows corporations to challenge any domestic laws that could adversely impact their ‘expected future profits.’” By ...
... middle of paper ...
...iting new rules to change up the Trans-Pacific Partnership.
To conclude, I believe the Trans-Pacific Partnership should have no place to stand and should not be agreed upon. Large corporations will benefit heavily from this deal, causing jobs to be lost in America to countries where people barely get 56 cents an hour. Also, prescription drugs and life-saving drugs will be costly, and maybe even cause death, since the price is too high to be paid for; this applies to over-the-counter drugs as well, since pharmaceuticals will limit the amount consumers’ can buy. Also, where trade barriers are high, economic benefits can be found, but tariffs are already low, with an average of 2.7%. All in all, passing the Trans-Pacific Partnership would cause chaos and keep pinpointing the never ending hierarchy of the wealthy being at the top and everyone else being at the bottom.
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