By Isaiah J. Poole for Other Words - What’s the connection to racial unrest? Simply put, it’s the lack of economic opportunity that results when bad trade deals lead to the disappearance of good-paying jobs.
Hundreds of thousands of blue-collar jobs vanished after the North American Free Trade Agreement, or NAFTA, was signed in 1994. And towns like Ferguson were hit especially hard. The St. Louis metropolitan area, home to 206,000 manufacturing jobs in 1990, only had about 113,000 left by the end of 2014, according to the Labor Department. During that same period, the region saw no net growth in trade, transportation, or utility-sector jobs.
“We used to have a ton of light manufacturing, light industrial jobs,” said John L. Davidson, a St. Louis banking lawyer who writes a blog about economic issues. But now, “there are no jobs out there.”
The trade deal left the St. Louis region with a mortally wounded tax base intertwined with deep-seated racial bias.