Obama’s Goals Clash as Allies Say Trade Push Widens Income Gap
This article is for subscribers only.
Even as he calls income inequality the “defining challenge of our time,” President Barack Obama is pursuing new trade agreements that some of his political allies say will only make the problem worse.
Obama says expanded trade will generate high-paying jobs for an economy that’s still more than 1 million paychecks short of its pre-recession peak. His critics in the labor movement and some economists say previous deals, such as the North American Free Trade Agreement, destroyed millions of factory jobs.