Senator Bernie Sanders criticizes economic policies that have led to significant wealth inequality, with the richest Americans amassing fortunes while the majority struggle to make ends meet. He cites the failure of NAFTA and PNTR trade agreements to deliver the promised high-tech jobs, leading to the loss of millions of manufacturing jobs.
We are living in a moment with unprecedented income and wealth inequality. At a time when the richest people in our country have never had it so good, 60% of Americans are living paycheck to paycheck and inflation-adjusted income for the average American worker has been stagnant for 50 years.
Why is that? How did it happen that the three richest men in America own more wealth than the bottom half of our society while so many of our people struggle to afford the high cost of rent, groceries and other basic necessities of life? It's time to take a hard look at some of the economic policies which have made the rich much richer while many Americans continue to fall further and further behind. BERNIE SANDERS HITS OUT AT H-1B VISA PROGRAM FOR REPLACING AMERICAN JOBS WITH 'INDENTURED SERVANTS' Thirty years ago, the leaders of corporate America, the political establishment in both major parties and the editorial boards of influential newspapers told us not to worry about the loss of blue-collar manufacturing jobs that would come as a result of unfettered free trade agreements like NAFTA and Permanent Normal Trade Relations with China (PNTR). They promised that those lost jobs would be more than offset by the many good-paying, white-collar information technology jobs that would be created in the United States. I never believed that and voted against those agreements. Unfortunately, I, and the many others who opposed those trade deals, were proven correct. NAFTA and PNTR cost us millions of good-paying manufacturing jobs as large corporations shut down thousands of factories in America and fled to China, Mexico, and other low-wage countries in search of cheap labor. And what about all of the great high-tech jobs that would be created? Well, that didn't quite happen eithe
Wealth Inequality Economic Policy Trade Agreements Job Losses Manufacturing
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