In this context, read “investors in American corporations”.
In deals like this, for the average person it tends to be a matter of “jobs vs prices”. Imports in effect can place a soft cap on domestic prices, while it’s also possible that a significant influx of imported goods could displace the jobs of domestic workers (and I don’t wish to downplay the significance of that burden on those affected), usually this demographic of “lost job due to business drying up thanks to imports and trade deals” is small in comparison to “experienced lower prices due to increased competition”.
I’d even venture a speculation that even in cases where jobs are lost in these situations, it’s probably just as often “corporate leadership preserving margins by reducing workforce and asking more productivity of the remainder” than actual proportional loss of market share.
DoomBot5@lemmy.world 11 months ago
When they say American workers, they mean ones that own the factories and offices, not the actual workers in them.