Pan American Trade Agreement
kenty9x | September 30, 2021 | 0Petri and Michael G. Plummer question the idea that the TPP will primarily benefit the rich. Their analysis notes that “the benefits of the TPP appear to be equitably distributed – labour will increase relative to capital and cost reductions will favour low-income households. Some workers have to change jobs, but they account for a small fraction of normal job emigration in a given year, and national benefits argue for generous compensation for their adjustment costs. The agreement will also benefit workers in the poorest TPP countries. [160] Studies by Harvard economist Robert Z. Lawrence show that “the percentage gains for TPP labor income will be slightly larger than the gains on capital income . . .
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