• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • Free Trade Fact of the Day

    At least somebody in North America is still showing leadership on free trade. Unfortunately for U.S. consumers, it is not Congress which still refuses to approve free trade deals with Colombia and South Korea. But Canada is still forging ahead, inking a deal with Colombia earlier this month and Peru in May. With virtually every editorial board in the nation recognizing the economic gains from free trade with Colombia, liberal protectionists in Congress have fallen back to citing human rights abuses as the reason for their opposition. Canada’s government had this to say on the issue:

    But Labour Minister Jean-Pierre Blackburn said in the release Canada’s increased involvement in Colombia will ensure that progress is made in the area of workers’ rights.
    “This agreement, like the one that was signed by our government in Peru last week, contains some of the most comprehensive labour provisions to be found in any agreement anywhere in the world,” he said. “As the Colombian government moves forward to strengthen labour rights after a difficult past, Canada will be there to help.”

    Posted in International [slideshow_deploy]

    One Response to Free Trade Fact of the Day

    1. jhm, California says:

      Free trade is a good thing for Canada. Canada is now setting all time highs in Average Weekly Earnings ie real wages. Canada’s gain is our loss. Free trade has not been kind to Americans. In the trade off between lower prices and lower wages Americans are net losers. This can be seen in the Average Weekly Earnings. In contrast to Canada the Average Weekly Earnings (wages adjusted for price changes) of Americans peaked in 1973. They are down about 15% since. Since 1973 there has not been a single decade in which the Average Weekly Earnings of Americans rose. Before 1973, as far back as we have data, there was not a single decade in which real wages did not rise. Real wages increased during the 1930s in spite of the Depression. That is the impact of free trade. The declines all happened during free trade, the increases all happened with trade protections. Between 1828 and 1947 our tariffs seldom went below 30% and were as high as 62%. Behind that wall of protection America, and Americans, prospered.

      Free trade is doing the same thing to Americans that it did for people of Great Britain. After World War II the British gave up capitalism for socialism because the combination of free trade (within the empire) and capitalism failed them. Every time a factory worker loses a good job and gets a macjob count one more family in favor of Hillary’s health plan. If we stick with free trade bad things are going to happen.

    Comments are subject to approval and moderation. We remind everyone that The Heritage Foundation promotes a civil society where ideas and debate flourish. Please be respectful of each other and the subjects of any criticism. While we may not always agree on policy, we should all agree that being appropriately informed is everyone's intention visiting this site. Profanity, lewdness, personal attacks, and other forms of incivility will not be tolerated. Please keep your thoughts brief and avoid ALL CAPS. While we respect your first amendment rights, we are obligated to our readers to maintain these standards. Thanks for joining the conversation.

    Big Government Is NOT the Answer

    Your tax dollars are being spent on programs that we really don't need.

    I Agree I Disagree ×

    Get Heritage In Your Inbox — FREE!

    Heritage Foundation e-mails keep you updated on the ongoing policy battles in Washington and around the country.

    ×