Many companies are looking to roll back benefits, and benefits for retirees are at the top of the list. This decision says that while they may be first on the list, they may not be easy to cut.
What we're looking at in Seattle is a debate over the rules of the game and how the environment and labor will be treated -- whether they will be debated elsewhere or whether they will become part of the core discussions about trade.
I think what we are looking at here are exit roads from the middle class.