Why it will be almost impossible for the TPP to help U.S. workers

The financial elite should love this massive trade deal. The rest of the economy? Not so much.

Still slow on the job front.
(Image credit: NICHOLAS KAMM/AFP/Getty Images)

The Trans-Pacific Partnership is a tale of two cities. Or perhaps two different but overlapping worlds, to be more specific. Understanding how those worlds interact, who gets to move between them, and who does not, is key to assessing the deal's merits.

The Trans-Pacific Partnership (TPP) is the massive free trade arrangement being put together between the U.S. and 11 other Pacific Rim nations. Word broke on Monday that the Obama administration has finished negotiations with the other players, meaning all the moving parts are now in place. It will be another month before the text of the thing is made public, and Congress won't vote on it until sometime in 2016.

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.