Whether you like him or not, Donald Trump has said a lot of controversial things about immigration and Muslims, just to name a couple. On many of these issues he’s been proven right.
One of the cornerstones of Trump’s campaign has been the fact that millions of jobs have been lost to overseas industries because it is often too expensive for companies to do business in America.
Many liberals have criticized Trump for this statement, but a recent story by the Wall Street Journal on Ford Motor Company has confirmed it.
Here’s an excerpt from the WSJ article:
“Ford Motor Co. will build a new assembly plant in Mexico and sharply increase factory output from that country, representing the latest shift of investment abroad by a Detroit auto maker following the signing of a costly new labor deal.
“Mexico has become a serious competitor in the car-making market with low wages, improved logistics and an arsenal of free-trade deals.”
This new assembly plant in Mexico would produce 500,000 more vehicles south of the border than it currently does. Last year Ford’s Mexican output was 433,000 vehicles, which translates to about 14 percent of its total production in North America.
The most well-known trade deal – the North American Free Trade Agreement (NAFTA) – was implemented when Bill Clinton was president. Presidential candidate Ross Perot said during his 1992 campaign that this would cause a “giant sucking sound” of jobs going out of the United States.
Turns out Perot and Trump have both been proven right.
Do you think this exodus of American jobs will continue, no matter who is elected President?
Sound off in the comments section below.