On this edition of Labor 131, presented by the National Labor Office of Blue Cross and Blue Shield Association, James Benton, Director of the Race and Economic Empowerment Project at Georgetown University's Kalmanovitz Initiative for Labor and the Working Poor, joined the America's Work Force Union Podcast to discuss the history of trade deals in America, their impact on workers and the challenges posed by automation and artificial intelligence.
Benton began by highlighting the significant job losses in manufacturing sectors due to trade policies like the North American Free Trade Act (NAFTA). He emphasized that both political parties supported these policies, often ignoring warnings from unionized workers in industries facing import competition. Benton noted that while some unions in export-oriented industries initially supported trade liberalization, the overall impact on American manufacturing has been devastating, with sectors like textiles losing up to 90 percent of jobs in less than half a century.
He said the current administration is making several efforts to bring manufacturing back to America. However, Benton was skeptical about trusting companies and executives who historically prioritize profits over workers' interests. He stressed the need for a new social contract between companies, workers and communities to ensure fair wages and sustainable economic growth. Benton warned that the current economic model is unsustainable without addressing the imbalance between corporate profits and worker compensation.
Addressing the rise of artificial intelligence and automation, Benton highlighted the potential risks to workers and the broader economy. He emphasized the need for careful consideration of the human cost of these technologies, questioning who will buy goods and services if widespread job displacement occurs. Benton called for a more balanced approach to technological advancement that considers the needs of workers and communities, not just corporate profits.
Listen to the full episode to hear more of Benton's thoughts during this edition of Labor 131, presented by the NLO.
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