Extract from “The TPP will cost Canada 58,000 jobs — and won’t grow the economy”

In fact, the authors argue, the TPP will lead to “job losses and higher inequality in all participating economies” (and in many other countries that aren’t even part of the deal). The net employment impact of the TPP will be millions of jobs lost. This is in part because greater capital mobility and more integrated supply chains will encourage costcutting across the globe. And when employers cut costs to compete in the world’s largest free-trade zone, jobs and wages will be one of the first targets for savings.

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