Renegotiating NAFTA is the latest in the Trump administration's escalating rhetoric and action around international trade. Watch our video on trade wars, which outlines what's at stake: bit.ly/2qjliwj
The kicker is, thanks to CPTPP (both Canada & Mexico are members), neither Canada nor Mexico will actually suffer all that much because it'll reduce prices on Japanese cars, and with CETA in play, Canada will also see lower prices on European cars. That'll have a knock-on effect on US automakers and the US economy. Killing NAFTA is a very bad idea.
Cars costing more would be a good thing. We need less cars on the road to combat global warming and rally support for public transportation. I hope it hits the high end of price increase
Cars should be made with less amenities and features so consumers can repair them easier and last longer. That would reduce prices if thats what you want. But we really dont want more cars on the road
@Luís Filipe Andrade US Labor standard aren't that much different from Mexico and Canada. We are in dealing with China or Taiwan here. We just have to pay more for goods
Why are Americans so fixated on trying to save or bring back manufacturing jobs? Machines are going to completely replace manual labour in the next few decades... it's a lost cause
@@St3v3NWL it is already happening. And it has happened many times in the history of humanity. Economies change and put people who were unwilling to change with it out of work. The answer isn't holding onto a changing economy, it is preparing people for the new one
Because some Americans have problems accepting change whether it be in the economy, demographics, values, etc... Those are the people pushing back against what they view as the correct way for things to be and that's how we end up with people like Trump in office.
Doubtz or even if people are better off due to NAFTA. GDP may have grown and prices may have decreased but is this a good indicator of the financial well-being the citizens involved? This neoliberal idea of increases in GDP and the stock market mean people are better off is showing to not be true.
@@jusletursoulglobaby the deal that still misled the viewers by that example.. Like the gentleman says, it's bigger than auto business... Why cherry picked?
Not a single mention of the corn industry, maquilladoras, and the immigration and economic crisis NAFTA created in Mexico when we supported the exploration of labor and changed all of their markets that help them self-sustain to meet the demands of the US consumer, leaving Mexico on the back-burner, and forcing them to become reliant on us after their natural industries died off. Nice to see Vox is still the neo-cons they always have been
@@arturogonzalez-barrios8206 It's on up there for sure but claiming South American immigrants are bringing an officially eradicated disease with them (smallpox) beats the hell out of it for "uninformed" LOL
thats a really good rate of inflation, in economics you aim at having 3-4% of inflation at all times. 25x3.8 should make sense. The reason why you want inflation is to increase output of the economy, to try and break down my whole semester of macro economy of why inflation is good let me explain. Inflation essentially means that workers are producing more and more each year, if 1 worker produces more than 1 unit the difference is inflation. Your employer will probably give you raises as productive you are so 2-4% increase should be guaranteed. if the inflation were to be kept at 0% you employer would have to cut your pay by 2% to maintain their margin and cutting wages has more of a psychological toll on workers than raises so they might become less productive or be afraid of the future of the economy. On the consumer side lower inflation is great but on the producer side it isnt and since the producing side determines wages and outflows it would essentially be detrimental. Technically in a perfect system there still can be growth at 0 inflation but society is not remotely perfect so inflation is the phenomenon we have to deal with. Deflation is just as bad as Stagflation
@@cdr861532 Wages are relative to the market you work in. If you ask any engineer working in tech or Finance major working in banking or a Doctor they would completely disagree with you! The market allocates money to where it deems it the worthiest.
@@moderndilettante6896 markets general dictate wages, but that's true only without outside control. What we're seeing frequently is business sticking together to set wages low. It's the same idea as markets dictating rent prices, that's true, except for the landlords sticking together to set prices high. When businesses don't compete, the markets are no longer dictating the price... that's why rent in NYC and LA are so high. Instead of competing, they've banded together. Greed is prevalent now more than ever. The rich are paying to set laws that benefit the rich. Of course doctors and engineers aren't hurting, but those are specialized jobs, we are talking about everyone else. That's kind of like a surgeon who has killed many patients saying "but look at all these other incredibly healthy patients".
3:18 "US is producing more cars now than before NAFTA, same for Mexico and Canada" The graph you showed says the levels basically stayed the same though...
@@waflletoast11 The minimum wage in Mexico is 8.50 a day. Of course, those wages are paid by rich Mexican businessmen, so you aren't only supporting low wages, you are supporting rich businessmen as well without even knowing it.
Vox Is defending big profits of greedy and lazy managers of Auto industry who pretend not to invest to rise efficiency in american motor plants. Those MBA Ivy league CEOs aren't skilled to improve american industry
It's not one product, it's an entire sector and, on top of that, they just explain the situation with the help of one product. But I do agree that they could've given us more insight into labor unions, job satisfaction, job demographics etc.
Tbh, the system being set in place world wide is to break small farmerd and keep only those that produce huge amount. World wide a small farm is not a good investment because of labor intensity and cost of products you put into keeping your farm producing. The system has made it difficult and expensive for small producers.
Even if NAFTA or USMCA was removed, I'm sorry but I doubt those manufacturers would come back. They'd most likely go to countries with cheap labour like Thailand, Vietnam, or India since even though there're tariffs the cheap labour would just cancel it out
Does anyone else feel really bad about their life priorities because they just want to get one of those cool little model cars now? That looked like fun. 😳
I love how you guys toed the line. The entire tone of your video is anti-USMCA yet you narrowly avoid committing to that position by using terms such as "could" instead of terms such as "will". Even if the prices go up initially, wouldn't you expect it to reach some equilibrium just as it did under NAFTA? Also, isn't $16 / hour a good thing? That is a whole $1 / hour more than the $15 / hour liberal activist groups have been fighting for. I would have thought they would welcome this legislation.
in an effort to keep manufacturing jobs afloat so cities like detroit don't end up in ruin... If you have to pay an extra $1000, for a car that will last you 10 years, to keep workers and businesses surviving in this country its worth it.
German here. They're actually kinda right - the EEC (or EC, as it was later called) was basically what the EU is today. The closest thing we in Europe have to NAFTA is EFTA (between Norway, Iceland, Liechtenstein and Switzerland, founded in 1960).
Very informative! Thank you for this. I do agree that by the time that NAFTA was in full effect, automation was just starting to ramp up. So this provided manufacturers with a double prize: lower production costs and fewer workers to pay when automation was able to fill that labor. I think it was just an unfortunate coincidence that ultimately caused nafta to be blamed for these economic issues. In reality, a new deal would disrupt the flow we have now, make prices higher due to tariffs, deter foreign trade due to higher production costs and, to top it off, would not stop automation from playing huge role in the means of production.
Cars would cost much more. We have strict epa rules on manufacturing which pushes companies to manufacture in other countries to save on labor and EPA regulations
Because there aren't many moving parts in Tesla vehicles compared to other ones, and considering the price of the tesla battery it's actually cheaper to produce Tesla vehicles domestically than abroad. But tesla is litteraly the only exception.
I once worked with a guy that had previously worked in a Cadillac plant back in the 80's. He got paid $18 an hour to move a vacuum cleaner from one cell to another along the production line. All he said he did was move the vacuum cleaner somebody else got paid more than he did to turn the thing on and use it!
5,000 is a 11% increase, which could be a lot or not depending on how much value the car brings to the buyer. At 40K+ levels it is likely most consumers are not price-shopping.
Good luck seeing as they can’t and there’s no advanced technology on the planet capable of fully replacing a human in a factory and until we make androids it won’t ever exist.
They only save $1,200 per car? They destroyed thousands of jobs, Ruined their high quality image, Gave up the car market to foreign brands with only a 2% tariff, all for only $1,200 per car.
I appreciate the clarification on the benefits of NAFTA for North American car manufacturing. What I would like is a breakdown of the economic, environmental and social costs/benefits of free trade for other industries - agriculture, apparel manufacturing, tech, etc. If Vox could do a series of explainers compiling research on the effects of free trade in distinct industries, for distinct groups of people (Mexican farmers, Jamaican clothes factory workers, U.S. middle class consumers, etc.), that would be great.
*Cooperation and trade is good.* If cooperation is happening than the creation of value can happen. There is no cooperation, if the world is competing against itself.
3:21 ya car manufactuing has gone Up since Nafta, even though our fancy graphs we throw at the screen for two seconds show that if anything it has gone down for at least the US and Canada
The one problem with NAFTA was that it killed a lot of manufacturing jobs in the US. Some industries like the car industry weren't affected as much due to the complexity and resources needed to create such an item. Other industries weren't as fortunate. In my home town we lost the Mead plant ( which made folders and trapper keepers for kids Lost to Mexico), Stetson hat plant ( one of only two plants that was in the US. Now there is only one plant in Mexico.), jean plant (forgot the brand. Lost to Mexico), and about three other production plants to Mexico. When people complain about NAFTA; this is what they meant; losing tons of production jobs to Mexico while small blue collar towns are left with nothing. I know that eventually mechanization would of put some of the people out of work; yet others would of been trained on how to operate said machinery and be able to keep their jobs. Yet the US lost tons of blue collar jobs right after NAFTA and started the mass killing of the middle class.
Need more inflations cars are way to much expensive! This is good explanation why American cars are bad and you should buy European car if you want quality and reliability.
Interesting article. As I’ve stated in many automobile writers UA-cam Channels - what galls me as a consumer is significantly increased automotive purchase pricing, while at the same time an inverse effect on product quality. I’d gladly pay Ford or GM full MSRP on a new 2020 Diesel HD Truck, if that unit came with a ten year bumper to bumper warranty. In other words you can’t complain about job losses due to rising labour costs, while year-over-year inflating your sale price, and cutting quality.
3:11 That's pretty disingenuous. As you can see on the graph it's stagnated, collapsing and then recovering out of a recession. But after 24 years there was virtually no change in vehicle production at a time when there were great increases in overall vehicle sales. I would not call this a success story.
And to complicate it, they mentioned the back up cameras, air curtains, etc. so you're comparing two different levels of vehicles that happen to have the same name. And the market is different, how many car companies are there today selling cars? Gasoline, hybrid, electric? If consumers did the math, electric cars aren't worth the money, hybrids are better, etc. Then again in California, with gas about twice as high as anywhere else, it's different math; buy nobody asks why it's so high...
The more complex the car the more jobs it takes to produce. The making of 1 car directly and indirectly employs 1,000s of people. Miners, Steel workers, Oil riggers, Plastic producers, people that turn raw materials into parts, people who assemble the parts, people who put car together, and even the stores and restaurants all these workers go to. Companies can do this all in US and raise economy and benefit peoples lives.
hey vox, voxxy, voxxaroni, could we do a re-do of this video that doesn't put the needs of the industry above the needs of the workers, and doesn't present neoliberal free-trade as an objective good and anyone else as reactionary? maybe in a way that doesn't conflate right-wing hatred of mexico with leftists with genuine concern about workers' rights? that ok, voxxy?
Good video. I appreciate the lack of bias. NAFTA was good. Tariffs are when you have to pay the government for the privilege of bringing goods across imaginary lines.
@Kenneth Holler im just stating why manufacturers have moved from the US. How much do you really think we are saving the planet when China is polluting at the rate they are? Not to mention other countries. So wouldn't it he smarted to somehow make it more affordable for manufacturers to meet requirements rather than just go pollute in china and help China's economy? The pollution is not going to stay confined to other countries. Not to mention imports have led to the death of most of the ash trees in the midwest. We need to find a balance to be environmentally conscious yet profitable for manufacturers to keep jobs and revenue in the US
mike taylor yeah, but those measures costs money to the manufacturers. I mean, if treating industrial wastes costs them $1000 per day, then laws that told manufacturers to do that would cost them $1000 per day at the benefit of the environment not being polluted. Getting rid of that law means that the companies can save $1000 per day at the expense of the environment, because they don’t have an incentive to preserve the environment. And you haven’t even considered wages or the labor unions yet. Those things, in my opinion, killed manufacturing even more than the EPA.
You're right, NAFTA is not to blame for most of the loss in jobs. Most of the outsourcing has gone to China. Automation has definitely played a big part as well, but it's undeniable that many of our manufacturing jobs have been lost because companies move factories to China for cheap labor. Basically everything is made in China these days: medicine, toys, electronics, clothes, you name it. I am not concerned by the potential rise in prices of products if the jobs move back to America. Less outsourcing will increase wages, which will offset the increase in price levels.
@@hamcrazy96 Nah buddy, the sentence should be, everyone should live as good as we/I do. Why degrade yourself to lower life-standards if lifting others up would be better for you and everyone else?
We lived in the 21 century with the internet and social media almost everywhere now. It's time to adapt and teach yourself some new skills and move out from jobs like the auto manufacturer. There will always be job lost like the auto industry. It may be hard but adapting to changes and companies policy as an employer is probably one of the best way to beat the system when hard times hits you. You can't always rely on your employers to do it for you. 😁
Renegotiating NAFTA is the latest in the Trump administration's escalating rhetoric and action around international trade.
Watch our video on trade wars, which outlines what's at stake: bit.ly/2qjliwj
The kicker is, thanks to CPTPP (both Canada & Mexico are members), neither Canada nor Mexico will actually suffer all that much because it'll reduce prices on Japanese cars, and with CETA in play, Canada will also see lower prices on European cars. That'll have a knock-on effect on US automakers and the US economy. Killing NAFTA is a very bad idea.
1:53 is that a typo? $1200 less?
@Vineet0k It's a dash, designating a range of values.
Cars costing more would be a good thing. We need less cars on the road to combat global warming and rally support for public transportation. I hope it hits the high end of price increase
Cars should be made with less amenities and features so consumers can repair them easier and last longer. That would reduce prices if thats what you want. But we really dont want more cars on the road
If Obama, Trump and Sanders say the same thing, I don't know what to believe in anymore.
It's funny because once Obama was elected he changed his position
@Luís Filipe Andrade because it required any parts being made in the us so now the new deal is worst
@Luís Filipe Andrade it's not better will just have to pay more for more this benefit their labor standards would just be higher
@Luís Filipe Andrade US Labor standard aren't that much different from Mexico and Canada. We are in dealing with China or Taiwan here. We just have to pay more for goods
Your bubble has popped that Trump actually makes sense?
Never thought Id see Vox defend the automotive industry so passionately.
Lol ya its bizzare
Yeah right i would rather have expensive cats and cheap food and energy.
Why are Americans so fixated on trying to save or bring back manufacturing jobs? Machines are going to completely replace manual labour in the next few decades... it's a lost cause
Ya. I hear ya. Automation has been and will continue to push people out. Retraining people would be a better option in the long run
@@St3v3NWL only if you aren't prepared for the changes
@@St3v3NWL it is already happening. And it has happened many times in the history of humanity. Economies change and put people who were unwilling to change with it out of work. The answer isn't holding onto a changing economy, it is preparing people for the new one
We all aren't like that. Some of us know how much automation and robotics are already changing the world everyday
Because some Americans have problems accepting change whether it be in the economy, demographics, values, etc... Those are the people pushing back against what they view as the correct way for things to be and that's how we end up with people like Trump in office.
Things not mentioned
Mexican farmers / food production
Isds
Environmental standards
Increasing business power
Doubtz
-Industrial and intellectual properties
-International Controversies
-Regulations
-Compensatory fees
Doubtz or even if people are better off due to NAFTA. GDP may have grown and prices may have decreased but is this a good indicator of the financial well-being the citizens involved? This neoliberal idea of increases in GDP and the stock market mean people are better off is showing to not be true.
Environmental standards has nothing to do with car
Exactly! Empire of the United States.
@@eavyeavy2864 are you the not smart?
So a luxury item cost remains stable while necessities go through the roof. Great
Makes no sense
@@Dwarfplayer neoliberalism would mean less tariffs
Cars are neither luxury nor necessity in most cases yes if bmw or labos are taken into consideration then it's. A different story
You didn't explain NAFTA, you explained the automobile manufacturing industry in regards to NAFTA.. Fix the misleading title
automobiles were the example but it explained the deal before using the Ford Mustang as an example
Soul Glow NAFTA is a lot bigger then just cars, this video only took a small dap at NAFTA.
@@xrellikgr did you read my comment? did you miss the word EXAMPLE?
Well said.
@@jusletursoulglobaby the deal that still misled the viewers by that example.. Like the gentleman says, it's bigger than auto business... Why cherry picked?
This makes it sound like NAFTA was *only* about Cars and nothing else.
To be fair, the video title is put as "explained with a toy car".
I think the video did say that the cost of other goods went up around 86% since NAFTA signing
NAFTA means diesel in my language lol
@Michael Jordan The video didn't say that there was any relation between the two, as you are implying.
Not a single mention of the corn industry, maquilladoras, and the immigration and economic crisis NAFTA created in Mexico when we supported the exploration of labor and changed all of their markets that help them self-sustain to meet the demands of the US consumer, leaving Mexico on the back-burner, and forcing them to become reliant on us after their natural industries died off. Nice to see Vox is still the neo-cons they always have been
Can we talk about how Mexico has gotten the least benefits from NAFTA, especially in the Agricultural Sector?
What can Mexico farm? Their land is either hot dry desert or dense rainforest
@@AdamSmith-gs2dv Wrong!
@@AdamSmith-gs2dv what?
Are you serious? That's the most hilariously uninformed comment I've seen in a while.
@@arturogonzalez-barrios8206 It's on up there for sure but claiming South American immigrants are bringing an officially eradicated disease with them (smallpox) beats the hell out of it for "uninformed" LOL
The real question is why is inflation gone up almost 100% in 25 years
EXACTLY!!!!!!! Everything has gone up but our wages!!!!!
thats a really good rate of inflation, in economics you aim at having 3-4% of inflation at all times. 25x3.8 should make sense. The reason why you want inflation is to increase output of the economy, to try and break down my whole semester of macro economy of why inflation is good let me explain. Inflation essentially means that workers are producing more and more each year, if 1 worker produces more than 1 unit the difference is inflation. Your employer will probably give you raises as productive you are so 2-4% increase should be guaranteed. if the inflation were to be kept at 0% you employer would have to cut your pay by 2% to maintain their margin and cutting wages has more of a psychological toll on workers than raises so they might become less productive or be afraid of the future of the economy.
On the consumer side lower inflation is great but on the producer side it isnt and since the producing side determines wages and outflows it would essentially be detrimental. Technically in a perfect system there still can be growth at 0 inflation but society is not remotely perfect so inflation is the phenomenon we have to deal with.
Deflation is just as bad as Stagflation
@@cdr861532 Wages are relative to the market you work in. If you ask any engineer working in tech or Finance major working in banking or a Doctor they would completely disagree with you! The market allocates money to where it deems it the worthiest.
@@moderndilettante6896 markets general dictate wages, but that's true only without outside control. What we're seeing frequently is business sticking together to set wages low. It's the same idea as markets dictating rent prices, that's true, except for the landlords sticking together to set prices high. When businesses don't compete, the markets are no longer dictating the price... that's why rent in NYC and LA are so high. Instead of competing, they've banded together. Greed is prevalent now more than ever. The rich are paying to set laws that benefit the rich. Of course doctors and engineers aren't hurting, but those are specialized jobs, we are talking about everyone else. That's kind of like a surgeon who has killed many patients saying "but look at all these other incredibly healthy patients".
*_Inflation is a choice_*
3:18 "US is producing more cars now than before NAFTA, same for Mexico and Canada"
The graph you showed says the levels basically stayed the same though...
Lol
Increase is a increase whether small or large.
EXACTLY
Canada's actually went down
@@KodeKween Yes, but you got to wonder if the increase is based on a trade deal, or the natural increase of demand based on a growing population.
Vox defending cheap labor
Vox loves slaves.
And your defending rich businessmen
@@waflletoast11 The minimum wage in Mexico is 8.50 a day. Of course, those wages are paid by rich Mexican businessmen, so you aren't only supporting low wages, you are supporting rich businessmen as well without even knowing it.
Vox Is defending big profits of greedy and lazy managers of Auto industry who pretend not to invest to rise efficiency in american motor plants. Those MBA Ivy league CEOs aren't skilled to improve american industry
MrSpiritchild he never replied 😂
It's interesting how these videos in support of NAFTA focus less on the workers and more on the product. One product, actually.
It's not one product, it's an entire sector and, on top of that, they just explain the situation with the help of one product. But I do agree that they could've given us more insight into labor unions, job satisfaction, job demographics etc.
That’s why the title is “NAFTA, explained with a toy car” and not “NAFTA explained deeply”.
There are more people buying the product than people making the product. Sorry but it makes sense.
US has Jobs thanks to Mexico, if not Cars would come from china
NAFTA covers more than just the automotive industry. Look into Mexico’s small farmers and their struggle to stay afloat
Tbh, the system being set in place world wide is to break small farmerd and keep only those that produce huge amount. World wide a small farm is not a good investment because of labor intensity and cost of products you put into keeping your farm producing. The system has made it difficult and expensive for small producers.
@@reishlion4394 Govt farms to control the population.
Attention Vox: NAFTA destroyed my county in Kentucky as all our manufacturing left... steel mills, textiles, even American standard left us.
Even if NAFTA or USMCA was removed, I'm sorry but I doubt those manufacturers would come back. They'd most likely go to countries with cheap labour like Thailand, Vietnam, or India since even though there're tariffs the cheap labour would just cancel it out
Everything you mentioned gave people cancer and destroyed families!
What Americans don't realize is that alot of Canadian jobs drifted down to the U.S. because it's cheaper to make things in the U.S. than Canada
Vox is always doing hit jobs for democrats,
If Trump does anything ,they search for anything bad even in small portion they highlight it
Did you even watch it, only 5% of workers lost their jobs to mexico therefore 95% lost it due to automation
Vox doing a pro-outsourcing, anti-union video? This is my shocked face 😐
saintsfearful unions are bad used to be in one
Does anyone else feel really bad about their life priorities because they just want to get one of those cool little model cars now? That looked like fun. 😳
Nerd.
I really want to take you on a ride in one of those
I have a few they're Maisto diecast 1:24 scale models. You can find them at hobby shops, crafts stores maybe toy stores.
Lol I thought the same thing. But I wanted a more complicated version. I want the 1000 piece types so I can build half and never finish it
nope
*Next Video: **_Donald Trump, Explained with an Orange_*
Hahahahah Agreed friend! Orange man bad!
You overwatch prodigy
Orange man bad
😂👌
Orange is the New Black , i thought liberals don't go by color but it turned out to be lies you hypocrites airheads .
NAFTA isn’t just about cars
it was explained with cars. ok?
Car's are the only industry affected significantly by the new USMCA deal.
Cars are and dairy products are the only major industries impacted by Trump's 'renegotiation'
Who said it's only 'bout cars, ranger?
some body and Who wants to explain NAFTA using milk
Transmissions and Avocados come from Mexico!
not only that we are most of your population
Tomatoes chillies nopales jalapeno too
You're welcome 🥑
Rigging Doctor and chocolate lol
Good comparison...in terms of durability.
I love how you guys toed the line. The entire tone of your video is anti-USMCA yet you narrowly avoid committing to that position by using terms such as "could" instead of terms such as "will".
Even if the prices go up initially, wouldn't you expect it to reach some equilibrium just as it did under NAFTA? Also, isn't $16 / hour a good thing? That is a whole $1 / hour more than the $15 / hour liberal activist groups have been fighting for. I would have thought they would welcome this legislation.
interesting af, thanks for the enlightenment
Jesus Christ damn you were deep in the comments I think I’m the only one that found you
Hi Jesus
huh its jesus christ
I clicked for the Mustang die-cast, but stayed for the informative content.
Just buy a Corolla. It’ll last a lifetime
It would've helped you escape Waterloo. What a shame.
🎼🎤 "Waterloo , Couldn't escape if I wanted to "🎵. ~Abba
Lol I know somone with a 2002 Toyota Corolla
AE86 AMIRITE
Toyota 4runner, just like the old Japanese cars it's still made in Japan and imported. It's not uncommon to see then with 300k miles
In the end, we always end up paying the price
in an effort to keep manufacturing jobs afloat so cities like detroit don't end up in ruin... If you have to pay an extra $1000, for a car that will last you 10 years, to keep workers and businesses surviving in this country its worth it.
@@Opticillusion160 But, Detroit did end up in ruins a long time ago...
I remember when you guys explained Nafta with an avacado.
I like how they say that NAFTA was the 'first major trade deal of its kind' but the EEC (European Economic Community) was already established in 1957.
Yeah, withdrawal from American exceptionalism is a few steps further, even for Vox.
German here. They're actually kinda right - the EEC (or EC, as it was later called) was basically what the EU is today.
The closest thing we in Europe have to NAFTA is EFTA (between Norway, Iceland, Liechtenstein and Switzerland, founded in 1960).
Very informative! Thank you for this. I do agree that by the time that NAFTA was in full effect, automation was just starting to ramp up. So this provided manufacturers with a double prize: lower production costs and fewer workers to pay when automation was able to fill that labor.
I think it was just an unfortunate coincidence that ultimately caused nafta to be blamed for these economic issues. In reality, a new deal would disrupt the flow we have now, make prices higher due to tariffs, deter foreign trade due to higher production costs and, to top it off, would not stop automation from playing huge role in the means of production.
While Tesla produces everything in the US. Why can’t everyone just switch to building everything in America?
Because cars would be more expensive. They said it in the video.
Laziness
Cars would cost much more. We have strict epa rules on manufacturing which pushes companies to manufacture in other countries to save on labor and EPA regulations
The cost of the salararies 🤑
Because there aren't many moving parts in Tesla vehicles compared to other ones, and considering the price of the tesla battery it's actually cheaper to produce Tesla vehicles domestically than abroad. But tesla is litteraly the only exception.
I once worked with a guy that had previously worked in a Cadillac plant back in the 80's. He got paid $18 an hour to move a vacuum cleaner from one cell to another along the production line. All he said he did was move the vacuum cleaner somebody else got paid more than he did to turn the thing on and use it!
I will never cease to be amazed how many people don't examine the minutia before reacting so negatively to some things.
think this is the first video in ages i’ve watched without a tiktok add 😁
0:20 "the cost hasn't changed much"
I guess 5k is just pocket change to vox
5,000 is a 11% increase, which could be a lot or not depending on how much value the car brings to the buyer. At 40K+ levels it is likely most consumers are not price-shopping.
You get a feeling there is an agenda in this video. A straw man argument.
No
You get a feeling there's an agenda in your reply....
I want to see people's reaction when companies go full autonomous in a couple of years.
Me who's going to buy their products
@@michaelgray1803 The same folks that already buy products.
2023 here; you bought the tripe! Now you see it as it is; I hope!
Good luck seeing as they can’t and there’s no advanced technology on the planet capable of fully replacing a human in a factory and until we make androids it won’t ever exist.
Wow, this might be a first where I actually agree with Vox.
Same
Please VOX make a video on 2008 financial crises, What was it, how it all started and how it ended.
Thank you.
"first deal of the kind"
*European Union blinks in trade deals
Well, the EU is more of a supranational political union and less of a trade deal.
Greetings from Germany.
I love the part where they explain how workers are dramatically underpaid/child labour/destruction of the economy due to the outsourcing of jobs :/
Actually respect VOX for being not bias in this video.
Omg Vox actually made a video that is good and not full of lies
They only save $1,200 per car?
They destroyed thousands of jobs,
Ruined their high quality image,
Gave up the car market to foreign brands with only a 2% tariff, all for only $1,200 per car.
NAFTA is a job killer and it’s more than just auto....(steel mills) and many more
Thanks for including sources. PragerU has a lot to learn.
Kudos to vox for always adjusting for inflation
I appreciate the clarification on the benefits of NAFTA for North American car manufacturing. What I would like is a breakdown of the economic, environmental and social costs/benefits of free trade for other industries - agriculture, apparel manufacturing, tech, etc. If Vox could do a series of explainers compiling research on the effects of free trade in distinct industries, for distinct groups of people (Mexican farmers, Jamaican clothes factory workers, U.S. middle class consumers, etc.), that would be great.
*Cooperation and trade is good.* If cooperation is happening than the creation of value can happen.
There is no cooperation, if the world is competing against itself.
Cooperation is great. Until you’re the biggest loser.
Professor Plumm: How do you become the biggest loser?
“And you know airbags”
I lost it after that lol
I can barely afford tacos
I love that little Mustang.
It was important for me for the exam prospective and this video explained in an amazing way thanks for that
This video is not true...the speedometer is made by BOSCHE in South Carolina!!!
get both sides of a story and never trust a video that use the word likely, it just means they dont know but have an agenda
3:21 ya car manufactuing has gone Up since Nafta, even though our fancy graphs we throw at the screen for two seconds show that if anything it has gone down for at least the US and Canada
The one problem with NAFTA was that it killed a lot of manufacturing jobs in the US. Some industries like the car industry weren't affected as much due to the complexity and resources needed to create such an item. Other industries weren't as fortunate. In my home town we lost the Mead plant ( which made folders and trapper keepers for kids Lost to Mexico), Stetson hat plant ( one of only two plants that was in the US. Now there is only one plant in Mexico.), jean plant (forgot the brand. Lost to Mexico), and about three other production plants to Mexico.
When people complain about NAFTA; this is what they meant; losing tons of production jobs to Mexico while small blue collar towns are left with nothing. I know that eventually mechanization would of put some of the people out of work; yet others would of been trained on how to operate said machinery and be able to keep their jobs.
Yet the US lost tons of blue collar jobs right after NAFTA and started the mass killing of the middle class.
My Global teacher told me to watch this during winter break lol
"could": 5:26, 5:50, 6:18
"might/maybe/may": 3:46 6:07
lots of weasel words in the last two minutes.
Your comment is so underated; more ppl should point out these tricky word games
Now if we could only fix healthcare prices...
"Vox: flushing old fashioned left wing values down the pooper so our boss can save some money on a prius"
Need more inflations cars are way to much expensive! This is good explanation why American cars are bad and you should buy European car if you want quality and reliability.
Interesting article. As I’ve stated in many automobile writers UA-cam Channels - what galls me as a consumer is significantly increased automotive purchase pricing, while at the same time an inverse effect on product quality.
I’d gladly pay Ford or GM full MSRP on a new 2020 Diesel HD Truck, if that unit came with a ten year bumper to bumper warranty.
In other words you can’t complain about job losses due to rising labour costs, while year-over-year inflating your sale price, and cutting quality.
You all know what would solve this problem? More guns!
“MCA... sorta, just... works”
~Trump~
2:04 she said we performing miracles. she probably means low wages in Mexico
Got the idea for class presentation. Thanks Vox.
Brilliantly explained!
Keep making awesome videos Vox :)
3:11 That's pretty disingenuous. As you can see on the graph it's stagnated, collapsing and then recovering out of a recession. But after 24 years there was virtually no change in vehicle production at a time when there were great increases in overall vehicle sales. I would not call this a success story.
And to complicate it, they mentioned the back up cameras, air curtains, etc. so you're comparing two different levels of vehicles that happen to have the same name. And the market is different, how many car companies are there today selling cars? Gasoline, hybrid, electric? If consumers did the math, electric cars aren't worth the money, hybrids are better, etc. Then again in California, with gas about twice as high as anywhere else, it's different math; buy nobody asks why it's so high...
5:39 That would also mean 276,000-690,000 fewer metric tons of CO2 going into the atmosphere
What am I doing here, I'm not even American
Yes you're from mars
Lucky you...
i like how lady in the video says WILL LIKELY a lot but every time she says it she actually means APSOLUTLY WILL
that mustang is beautiful
^.^
Do you really want to trust your life, and the lives of your family, in an automobile put together by the lowest bidder?
*Just Combine Ford Dodge and GM In to One SuperPower* 😀
dodge can stay out, and gm is on thin ice
For people that don’t understand NAFTA this video is extremely false. I recommend you do some fact checking
The more complex the car the more jobs it takes to produce. The making of 1 car directly and indirectly employs 1,000s of people. Miners, Steel workers, Oil riggers, Plastic producers, people that turn raw materials into parts, people who assemble the parts, people who put car together, and even the stores and restaurants all these workers go to. Companies can do this all in US and raise economy and benefit peoples lives.
It's great that I'm starting to get a better view then free trade is bad. Trade is complicated.
I'll bet the car companies paid for this add
hey vox, voxxy, voxxaroni, could we do a re-do of this video that doesn't put the needs of the industry above the needs of the workers, and doesn't present neoliberal free-trade as an objective good and anyone else as reactionary? maybe in a way that doesn't conflate right-wing hatred of mexico with leftists with genuine concern about workers' rights? that ok, voxxy?
👏👏👏👏👏👏👏👏👏 a comment i can get behind
Seriously! Thank you! Exactly
Mass transit focus?
Good video. I appreciate the lack of bias. NAFTA was good. Tariffs are when you have to pay the government for the privilege of bringing goods across imaginary lines.
Thanks Donald
3:12 Canada isnt producing more cars then before.....
Nepal with 200%+ tax on importing cars:
Am I a joke to you?
Nepal doesn't have highways there so cars don't affect people as much.
Much of it can be blamed on EPA regulations. It costs manufacturers a fortune to stay in compliance
Remember that prior to the EPA, the US had rivers that were so polluted they would repeatedly catch on fire.
@Kenneth Holler im just stating why manufacturers have moved from the US. How much do you really think we are saving the planet when China is polluting at the rate they are? Not to mention other countries. So wouldn't it he smarted to somehow make it more affordable for manufacturers to meet requirements rather than just go pollute in china and help China's economy? The pollution is not going to stay confined to other countries. Not to mention imports have led to the death of most of the ash trees in the midwest. We need to find a balance to be environmentally conscious yet profitable for manufacturers to keep jobs and revenue in the US
mike taylor yeah, but those measures costs money to the manufacturers. I mean, if treating industrial wastes costs them $1000 per day, then laws that told manufacturers to do that would cost them $1000 per day at the benefit of the environment not being polluted. Getting rid of that law means that the companies can save $1000 per day at the expense of the environment, because they don’t have an incentive to preserve the environment.
And you haven’t even considered wages or the labor unions yet. Those things, in my opinion, killed manufacturing even more than the EPA.
The USMCA is a good thing to be honest. It will make new jobs, new industry and new innovation in the North America.
You're right, NAFTA is not to blame for most of the loss in jobs. Most of the outsourcing has gone to China. Automation has definitely played a big part as well, but it's undeniable that many of our manufacturing jobs have been lost because companies move factories to China for cheap labor. Basically everything is made in China these days: medicine, toys, electronics, clothes, you name it. I am not concerned by the potential rise in prices of products if the jobs move back to America. Less outsourcing will increase wages, which will offset the increase in price levels.
2.55? LOL we pay 60% for goods made outside our country
americans don't know how good their life is
Everyone lives too good to be honest🤷🏽♂️
@@hamcrazy96 Nah buddy, the sentence should be, everyone should live as good as we/I do. Why degrade yourself to lower life-standards if lifting others up would be better for you and everyone else?
Americans are fat and lazy. They are digging them selves into a hole
@@nutlover3609 Americans are the hardest working people compared to other western countries
This doesn't seem to jive with what I see around me. There was a serious textile industry hit. Are there more nudists now?
Trump: Breaths
Vox: Thats bad
Biden 2 years later: I admit USMCA is better than NAFTA
If you could find even the smallest advantage, take it... It will help you a lot in hard times...
I love the camber on the mustang and the stance is impeccable
1 like = 1 Dab for a North American Union.🙅♂️
Globalism: Decimates the working class
White Liberals (Vox): Um actually globalism is totally good!
3:00 “woooooo”
We lived in the 21 century with the internet and social media almost everywhere now. It's time to adapt and teach yourself some new skills and move out from jobs like the auto manufacturer. There will always be job lost like the auto industry. It may be hard but adapting to changes and companies policy as an employer is probably one of the best way to beat the system when hard times hits you. You can't always rely on your employers to do it for you. 😁
I feel like Vox needs to watch more "NAFTA Explained", and "USMCA Explained" videos on youtube.
I love how tesla is safe from nafta and is even going to make a plant in China 100% own by them .
Fun fact:
USMCA is called CAMPS in Canada
Cotton the Easter Cottontail Rabbit What’s that stand for? Ive never heard it called that
And TEMEC in mexico
I thought it was CUSMA in Canada
Yay fewer cars
Not really 17 million were sold over the year so 60 to 120 thousand is really not much in the big picture hear bud
Not really. People would still buy old cars which produces more emmisions.
When i try to open a discussion noone replies, when im being stupid i get two
@@TojikCZ your opinion man but I am stating a fact tho
And i agree
A somewhat good video from VOX