A documentary on the well known tale of the rise and fall of Detroit, as it pertains to the free trade market.
Tag Archives: Unemployment
Many people seem to be happy with the fact that employers in the retail industry have kept the majority of the employees they originally hired for the holidays only. People think it is great that the jobless claims have decreased by 4,000 due to this. What people fail to realize, however, is that these jobs are part-time jobs at Walmart or Kmart probably paying only minimum wage with little or no benefits whatsoever. In fact, retail jobs and restaurant jobs don’t help the economy or Americans. They have crippled us by making the majority of Americans live paycheck to paycheck, or rely on government assistance. Here are four reasons why service sector jobs don’t help America and why we need more manufacturing jobs back.
The jobs report came out last week, and you might have heard the mainstream media outlets praising all of these new jobs our economy has created. The problem is that those jobs gains are deceptive. Sure our economy is gaining a lot of new jobs, but is that a good thing if they aren’t good jobs? Robert Reich says it’s not: “The movement of low-wage workers for decent pay and working conditions is partly a reflection of America’s emerging low-wage economy. While low-wage industries such as retail and restaurant accounted for 22 percent of the jobs lost in the Great Recession, they’ve generated 44 percent of the jobs added since then, according to a recent report from the National Employment Law Project.”
The Trans-Pacific Partnership is a “free trade” agreement that, if passed, would unite the economies of Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, Vietnam, Mexico, Canada, Japan and the United States. The trade negotiators from these countries meet secretively behind closed doors to continue their work on drafting the terms of the Trans-Pacific Partnership agreement (TPP). Little has been revealed about what is discussed during the closed-door meetings, other than the fact that the lobbyists and government representatives want to “accelerate” the trade negotiations. When it is finalized, the consequences for the United States will be disastrous. Below are six reasons how the TPP affects you.
You would be surprised at how much the student loan debt is becoming a drag on the economy as a whole in the United States. Democratic Senator Elizabeth Warren has been actively working to help students repay their loans back, however she hasn’t gotten very far. Warren introduced a bill that would have allowed people to refinance their student loans are a much lower rate in order to save them money each month. However the bill failed in the Senate. If we don’t do something now about the debt, we could see our young generation in ruins.