New Study Predicts TPP Would Kill at Least 448,000 U.S. Jobs

Tufts University economists have confirmed what CWA and allies have been saying all along: The Trans-Pacific Partnership (TPP) would destroy U.S. jobs and cut workers' wages.

The new economic modeling study – Trading Down: Unemployment, Inequality, and Other Risks of the Trans-Pacific Partnership Agreement – refutes rosy TPP predictions and recalculates the data using "more realistic assumptions about economic adjustment and income distribution."

Among the study's findings:

• The U.S. would be the hardest hit, with a loss of 448,000 jobs by 2025.
• TPP would lead to higher income inequality. In the U.S., this would trigger a multi-decade downward trend.

Read the full paper here.

Meanwhile, representatives of the 12 TPP countries met in New Zealand and officially signed the trade deal on Feb. 3. Those countries are the U.S., Canada, Mexico, Peru, Chile, Japan, Vietnam, Singapore, Malaysia, Brunei, Australia and New Zealand.