The real reason manufacturing jobs are disappearing
1,870,972 views |
Augie Picado |
• July 2017
We've heard a lot of rhetoric lately suggesting that countries like the US are losing valuable manufacturing jobs to lower-cost markets like China, Mexico and Vietnam -- and that protectionism is the best way forward. But those jobs haven't disappeared for the reasons you may think, says border and logistics specialist Augie Picado. He gives us a reality check about what global trade really looks like and how shared production and open borders help us make higher quality products at lower costs.
If you're American, call your senators and representatives and let them know your opinion about trade. Currently, NAFTA is being renegotiated. In my talk, I show that automation is responsible for lost US manufacturing jobs, not NAFTA. NAFTA is, however, responsible for the efficient trade between our North American neighbors, enabling shared production processes which helps keep consumer prices down. But whatever your opinion, take the time to make it known to your elected representatives.