Portside

One product of the corporate-defined trade rules is that the United States has run unprecedented trade deficits, totaling more than $8 trillion since 2000 alone. Trade deficits cost jobs. Worse, companies have used the threat to move jobs abroad to drive down wages here at home. These corporate trade policies contribute significantly to the reality that, as Joseph Stiglitz writes, “the real median income of a full time male worker is lower now than it was 40 years ago."