trade

Posted: May 21, 2015
By: Clay Cerny

 

Today the U.S. Senate voted to give the President “fast-track” authority to pass a new, comprehensive trade agreement with Asia-Pacific countries (better known as the Trans-Pacific Trade Partnership/TTP). U.S. Senator and presidential candidate Bernie Sanders has fought this measure. He notes that similar trade deals have led to a decline of the middle class and wealth inequality in America. TTP could make these problems worse. Sanders notes that American workers will now have to compete with workers in Vietnam, where the minimum wage is 56 cents an hour. Who wins this game? Major corporations and the billionaires who invest in them. Who loses? Look in the mirror.

The TTP has not been approved by either the Senate or the House. What happened today means it will likely pass the Senate. One thing we can count on: Bernie Sanders will keep fighting for working people and the middle class.