Taft-Hartley, Reagan, Bush, NAFTA, Clinton, China entering the WTO, W. Bush, Biden -- American workers and poor Americans have a history of being sold out for the interests of billionaires and foreign interests.
u/DataWhiskers ·
Reddit — r/FluentInFinance
· February 13, 2026 at 17:21
· ⬆ 10 pts
· 💬 1 comments
| View on Reddit ↗
And American workers and poor Americans are keeping a close eye on Trump. No president can control the economy, but do they put their thumb on the scale for American workers (that shoulders all of the tax burden) and poor Americans? Or do they put their thumb on the scale for billionaire interests and foreign interests?
Free Trade (zero tariffs, forced technology transfer to China, and guest worker visas as a sweetener for India to receive remittances):
\>Free trade is a trade policy that does not restrict imports or exports. In government, free trade is predominantly advocated by political parties that hold economically liberal positions, while economic nationalist political parties generally support protectionism, the opposite of free trade.
\>Most nations are today members of the World Trade Organization multilateral trade agreements.
https://en.wikipedia.org/wiki/Free\_trade
Manufacturing jobs:
https://fred.stlouisfed.org/series/MANEMP
Economic Research:
https://www.aeaweb.org/articles?id=10.1257%2Faer.103.6.2121
https://direct.mit.edu/rest/article-abstract/96/4/581/58177/Estimating-the-Impact-of-Trade-and-Offshoring-on
https://www.wto.org/english/res\_e/reser\_e/gtdw\_e/wkshop24\_e/thoenig\_e.pdf
https://www.nber.org/system/files/working\_papers/w34108/w34108.pdf
Ross Perot discussing free trade:
https://youtu.be/Io68bndTR6c
https://youtu.be/sM\_PthsFFEw
Minimum Wage by Country:
https://worldpopulationreview.com/country-rankings/minimum-wage-by-country
Global Labor Arbitrage:
https://en.wikipedia.org/wiki/Global\_labor\_arbitrage
Thoughts?