Shortcut Navigation:

AFL-CIO Now

Showing blog posts tagged with trade deficit

More Jobs, Flat Wages: Trade and the Trade Deficit Continue to Hurt Us

April’s employment report showed a gain of 223,000 jobs and a further one-tenth percent decline in the unemployment rate to 5.4%. The good news is the report shows the economy continues to nudge forward and create jobs for newcomers into the labor force. The bad news is the economy is not growing fast enough to raise wages.

Read more and comment »

New Bipartisan Bill Cracks Down on Currency Manipulation

New Bipartisan Bill Cracks Down on Currency Manipulation

A bipartisan group of senators and representatives unveiled legislation Tuesday to clamp down on countries—like China—that cheat trade law by manipulating their currency. That cheating has cost millions of U.S. manufacturing jobs and is a major reason for the massive U.S. trade deficit.

Read more and comment »

Wal-Mart’s Manufacturing Recovery?

Wal-Mart’s Manufacturing Recovery?

President Barack Obama, in his State of the Union address, told Americans that manufacturing in the United States is back. The president is right to applaud job creation in manufacturing. But both elected leaders and the public should be wary of one company, in particular, falsely taking credit for this “manufacturing renaissance”: Wal-Mart.

Read more and comment »

Economic News Roundup

The Economic Policy Institute (EPI) has released important research about the economy in the last few weeks. Here's a look at some of the key pieces it has uncovered about the U.S. economy.

Read more and comment »

Moral Authority in Globalization

I took part in a "fair trade" study session at a synagogue recently, looking at moral authority in the global economy. We considered four historical examples.

In Exodus, Moses leads the children of Israel out of Egypt, creating a new nation in the midst of established tribes and nations. After finding food and water, Moses gets excellent advice from his father-in-law, Jethro: Appoint judges.

Read more and comment »

What We Can Learn from the Trade Agreement that Shipped 700,000 U.S. Jobs Overseas

What We Can Learn from the Trade Agreement that Shipped 700,000 U.S. Jobs Overseas

Twenty years later and what have we learned from the North American Free Trade Agreement (NAFTA)? Nearly 700,000 U.S. jobs have been lost or displaced, union density in the United States, Mexico and Canada fell and income inequality has increased. The AFL-CIO's new report, NAFTA at 20, discusses how current U.S. trade policy has failed to raise wages, improve social standards or address inequality—and what needs to change to ensure that future trade agreements actually work for working people.

Read more and comment »

3 Reasons Why We Aren't at Full Recovery Yet and 2 Ways We Can Get There

3 Reasons Why We Aren't at Full Recovery Yet and 2 Ways We Can Get There

Some observers have declared that the United States has reached a full recovery after the Great Recession because per capita GDP growth has rebounded to pre-recession levels. But in a thorough essay at the Economic Policy Institute, Josh Bivens argues that the logic is highly flawed and that we're far from a full recovery.  He also provides several policy suggestions that would get us much closer to that elusive full recovery and on the path to raising wages.

Read more and comment »

What if I Told You There Was a Way to Add $500 Billion to the U.S. Economy Annually?

There is. It involves reducing the U.S. trade deficit, which hovers around that $500 billion mark. Dave Johnson of Campaign for America's Future asks you to think about how that money could be spent.

Read more and comment »

Economic News Roundup

Economic News Roundup

The Economic Policy Institute (EPI), the Center on Budget and Policy Priorities (CBPP), the Center for Economic and Policy Research (CEPR) and Media Matters have released important research about the economy in the past few weeks. Here's a look at some of the key pieces they have uncovered about the U.S. economy.

Read more and comment »

Trade Deficit Numbers Show Policy Changes Needed

Trade Deficit Numbers Show Policy Changes Needed

The trade deficit numbers released today provide more evidence that U.S. trade policy needs to change, said AFL-CIO President Richard Trumka.

Read more and comment »

Online Community

Take Action

Stop Fast Track

Sign the petition and tell Congress to stop the Fast Track bill, it's undemocratic and bad for working families.

Connect With Us

  • Facebook
  • Twitter
  • YouTube
  • Flickr

Get Email from AFL-CIO


Msg & data rates may apply. Text STOP to 235246 to stop receiving messages. Text HELP to 235246 for more information.

Facebook Favorites

Blogs

Join Us Online