Hillary, income inequality and trade

Starting in the late 1970s early 1980s, the United States entered the free trade era, where American workers were constantly pitted against those in other countries with substantially lower wages resulting in large trade deficits. Since that time, we have become the advanced nation with the highest degree of income inequality and income mobility. What you have is businesses venturing overseas for ever lower wages, resulting in ever lower wages and fewer jobs here. Wealth is being created, but for the few at the top. This is facilitating the transfer of wealth from the middle class to the very wealthy.

I think it would be very difficult to affect income inequality without great changes to our trade policies.

Hillary Clinton's latest statements on the TPP trade deal indicates that she is not interested in the needed changes. She seems to be saying that deal would be acceptable with modifications, but at the end of the day, you still have our workers in competition with the likes of workers in Vietnam where the minimum wage is 60 cents an hour.

Bernie Sanders understands that we need big changes to our trade policies.