Economy
February 16, 2016
Carrier Move to Mexico Sparks Discussion
Written by John Packard
On Sunday Steel Market Update published an article about the Carrier announcement that they would be moving their manufacturing and distribution facilities from Indianapolis, Indiana to Mexico. The announcement got the attention of Donald Trump who mentioned it during the debates on Saturday. Our article and the news also got the attention of a number of our readers who penned their opinions on the subject.
We heard from Nick Dubyk of Mid-America Steel who told us, “It’s sad to hear this, NAFTA pays for multinational corporations not the American people. The TPP and TPIP are NAFTA on steroids. I’m suspicious of any negotiations done on my behalf (as an American) in secret. Like the old saying “if you are not invited to the dinner table then you are on the menu”. The trade dispute mechanism ISDS is especially bad to sovergn law of the countries in this treaty. From the NAFTA treaty we get – TransCanada is suing the US taxpayers $8 billion for lost profits because their pipeline was blocked. What else are the multinationals planning?? It has to stop otherwise we’ll have just a few very rich individuals and many very poor – no middle class (who btw drives 75% of the economy, maybe what we are seeing today in stocks and economies around the world is the lack of wages needed to support business/economies).”
We also heard from Peter Brebach, CEO of Iron Angels of Colorado:
