Tuesday, May 5, 2009

Free Trade Trade-Offs #1


Trade barriers lead to higher prices for domestic products. Free trade lowers prices but causes job losses. Many businesses hire educated employees from other countries who are willing to work for less money, which also helps us with exports http://en.wikipedia.org/wiki/Export. Trade treaties encourage U.S. businesses to move their factories to Mexico, China and other developing nations. Unemployment doesnt help any one and it lowers the amount of money being spent by the consumers. New jobs are higher paying which gives more money for the consumer to spend, also helps with more developing business with imports http://en.wikipedia.org/wiki/Import so we can make more of our own products. Many people in certian industries do loose there jobs because of free trade.


In our nation times are tough for everyone that is why the different countries make trade agreements http://simple.wikipedia.org/wiki/North_American_Free_Trade_Agreement. Which are rules that each nation fallows among trading. I also think that it is a good thing that we have deregulation http://en.wikipedia.org/wiki/Deregulation. It helps us when an need but also hurts us by highering the unemployment rate and makes it harder for our nation to make it through. But it is also a good thing that the nations help one another, but if it gets out of hand to much that will lead to us having less jobs and less money to spend. I think that the new jobs around are paying more money because then the flow of money will really be going steady. I am still in the middle of free trade i belive it is a good thing for some people but i would personally never want an over see job, and i think that we should give the people in our country jobs befor giving them out to other countries its good to think about others but sometimes you just have to think about yourself (USA) before others, even if it does cost more money to pay the employee, but in the long run it will be worth it.


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