Independent economists: TPP will kill 450,000 US jobs; 75,000 Japanese jobs, 58,000 Canadian jobs

Vatic Note:    This is no joke and serious as hell to us.   Just another way to depopulate the planet using the economy and job losses to do so. This trade agreement is simply a transfer of our Constitutional rights and protections from the people to the corporations.    Its pure unadulterated fascism at its finest.   We must resist this agreement or we are going to contribute to our own demise as a nation and a people.  Read this, and think on it hard and long and see if you don't agree?

This makes NAFTA look like a real trade agreement, which we all know was nothing more than a test run for this one below to see  how we would take it.  Unfortunately, we grumbled, but thats all and we lost more than we could ever get back again.  That told the powers that be, we would not resist globalizing in this fashion and flip the rights and protections we enjoyed to some point, from we, the people,  over to the corporate leaders of our capitalist system.  Used to be it was based on "fair market capitalism", but with this below, it changes to legally protected fascism.   You read and decide.

Independent economists: TPP will kill 450,000 US jobs; 75,000 Japanese jobs, 58,000 Canadian jobs
http://www.newsforage.com/2016/01/independent-economists-tpp-will-kill.html
By Admin,  News Forage,

Proponents of the secretly negotiated Trans Pacific Partnership -- which lets companies force governments to get rid of their labor, environmental and safety rules in confidential tribunals -- say it's all worth it because it will deliver growth and jobs to the stagnant economies of the rich world.

 

Independent analysis from the World Bank put paid to the idea that TPP states would experience any growth, but didn't address the question of jobs.

But a new working paper from Jerome Capaldo and Alex Izurieta, economists from Tufts University's Global Development and Environment Institute and Jomo Kwame Sundaram -- formerly the United Nations Assistant Secretary-General for Economic Development takes a critical, independent look at the economic modeling performed by the TPP's proponents and finds it based on a set of nonsensical, nonstandard assumptions about how economies perform.

The researchers revisited the pro-TPP research using a "realistic" set of modeling assumptions, based on the widely accepted United Nations Global Policy Model (GPM). When they re-run the numbers on the TPP's impact on jobs, they come back with a stark finding: developed nations that sign TPP can expect to hemorrhage jobs by the tens of thousands -- and poor countries will gain few, if any jobs from those losses.

TPP would generate net losses of GDP in the United States and Japan. For the United States, they project that GDP would be 0.54 percent lower than it would be without TPP, 10 years after the treaty enters into force. Japan’s GDP is projected to decrease 0.12 percent.

Economic gains would be negligible for other participating countries – less than one percent over ten years for developed countries and less than three percent for developing ones. These projections are similar to previous findings that TPP gains would be small for many countries. 

TPP would lead to employment losses in all countries, with a total of 771,000 lost jobs. The United States would be the hardest hit, with a loss of 448,000 jobs. Developing economies participating in the agreement would also suffer employment losses, as higher competitive pressures force them to curtail labor incomes and increase production for export. 

TPP would lead to higher inequality, as measured by changes in the labor share of national income. The authors foresee competitive pressures on labor income combining with employment losses to push labor shares lower, redistributing income from labor to capital in all countries. 

In the United States, this would exacerbate a multi-decade downward trend. 

TPP would lead to losses in GDP and employment in non-TPP countries. In large part, the loss in GDP (3.77 percent) and employment (879,000) among non-TPP developed countries would be driven by losses in Europe, while developing country losses in GDP (5.24%) and employment (4.45 million) reflect projected losses in China and India.

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