Donald Trump has, with extraordinary hypocrisy, made economic nationalism one of his core messages. He’s sworn that he would bring jobs back that were moves overseas and claims credit for the economy continuing its slow but steady growth (but now, of course, it’s booming!). But a new report says we’re losing jobs to outsourcing at a slightly higher rate since he took office.
The number of U.S. jobs eliminated due to foreign competition since President Trump’s election last year has largely kept pace with previous years, according to a new report.
An analysis of Labor Department data by the labor coalition Good Jobs Nation found that more than 93,000 U.S. jobs have been eliminated since Trump’s election due to foreign trade.
That’s roughly on par with the previous five years, which saw an average of 87,500 jobs per year eliminated.
Companies move jobs out of the country because they make more money that way. They can not only pay lower wages in other countries, they also get out from under a great deal of regulations that protect the environment, worker safety and more. And it simply isn’t worth doing what is necessary to “fix” that “problem.” We don’t need more pollution and worse public health, nor do we need to do away with pensions and vacations and other things that make life better here. Nor is it a good idea to impose protectionist tariff schemes because that will only harm our ability to export to other countries and spark trade wars that no one wins.