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Showing blog posts tagged with trade

The TPP Is Dumping on Democracy

Photo by Cailie_Frampton/Flickr

On Aug. 22, the government of Brunei will kick off the 19th round of negotiations of the Trans-Pacific Partnership Agreement (TPP), a massive trade and investment pact among 12 Asia-Pacific countries, including all of North America, Australia, Malaysia and Vietnam. The latest country to accede is Japan.

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Big Colombia Strike Highlights Free Trade Fail

Big Colombia Strike Highlights Free Trade Fail

There is a big strike in Colombia, and you probably don’t know about it. Farmers and others are protesting over a variety of grievances, including the devastating effect of free trade agreements, privatization and inequality-driven poverty. Corporate-owned American media is not covering it. These trade agreements make the really rich really richer while outsourcing jobs to places where people can’t object to the low pay and working conditions. This undercuts wages here. The end result is a race to the bottom.

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Growing Threat of Currency ‘War’ Could Derail Global Economic Recovery

Growing Threat of Currency ‘War’ Could Derail Global Economic Recovery

China has long been known as the globe’s biggest currency manipulator. China undervalues its currency—the yuan or the renminbi— and that raises the price of U.S. exports and suppresses the price of Chinese imports into the United States. This artificial price advantage is a major factor that encourages U.S. businesses to shut down operations here and manufacture in China instead, costing the U.S. millions of manufacturing jobs and is a major reason for the massive U.S. trade deficit.

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WaPo Asks: 'Made in America' Manufacturing Revival?

The Washington Post today published a special section—in print and on the Web—about what some say is a resurgence of “Made in America” manufacturing.

In the section’s anchor piece, Brad Plumer writes that some U.S. firms have “reshored” their manufacturing operations in the United States and that even some Chinese companies have located new plants here. He cites a narrowing wage gap between U.S. workers and their foreign counterparts, lower energy and transportation costs and automation as key drivers in moving manufacturing to the United States.

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International Union of Operating Engineers' Training Facility: 'Sky's the Limit'

Apprentices develop, and experienced workers refresh, skills at the International Union of Operating Engineers' state-of-the-art training center in Wilmington, Ill. The Local 150 center houses classrooms, testing labs, welding facilities, an equipment simulator lab and an indoor training arena large enough for 18 pieces of equipment to be used simultaneously.

In this video, meet the apprentices who now hold a promising future and the employers eager to receive a trained workforce.

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Have You Heard of the TPP Yet? An Important Trade Agreement You Need to Know About

Photo courtesy of the Global Trade Watch. Rally in Leesburg, Va.

The U.S. government is currently working with 10 other countries to negotiate the biggest trade and investment agreement (also known as a “free trade agreement” or FTA) in history. It is called the TPP, or Trans-Pacific Partnership. Not only will it be bigger than NAFTA (the North American Free Trade Agreement)­—it’s actually NAFTA plus eight other countries.

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AFL-CIO Executive Council Addresses Economy, Trade, Voting Rights

AFL-CIO Executive Council Addresses Economy, Trade, Voting Rights

The AFL-CIO Executive Council called for a “high-wage” economic strategy, a new trade model and universal voter registration coupled with vigorous protection of the right to vote at its February meeting in Orlando, Fla., today. The Executive Council also addressed gender equality and commemorated the 50th anniversary of Dr. Martin Luther King Jr.’s March on Washington .

In its statement on economic strategy, the council says, “There is something fundamentally wrong with the U.S. economy,” that has resulted in “the stagnation of wages and incomes that has crippled the American middle class for more than a generation.”

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Good Trade Policy: Three 'Thought Experiments'

The United States and 10 other countries are negotiating our next big trade agreement, called Trans-Pacific Partnership, or TPP. It's time to re-examine what works and what doesn't work.

Imagine a thought experiment, where we put environmentalists in each country in charge of negotiating the next trade agreement. Preposterous! I know. Stick with me. This is a thought experiment.

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Work Harder, Make Less: 40% Earn Less Than 1968 Minimum Wage

At one time it was an economic tenet for America's worker: Work smarter, better, faster and harder and you’ll reap the rewards. That’s exactly what America's workers have done for the past four decades plus. But while worker productivity has soared, workers’ wages have been tightly tethered to the ground. So much that economist Dean Baker writes:

If the minimum wage had risen in step with productivity growth [since 1968], it would be over $16.50 an hour today. That is higher than the hourly wages earned by 40 percent of men and half of women. 

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Sign the petition to raise the minimum wage

It’s been four years since low-wage workers got a raise. Sign the petition to tell Congress it’s time to raise the minimum wage.

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