US Trade Deficit Hits Record $73.3 Billion in August

It never gets better. Just worse. And along with trade deficits come the loss of good jobs. But U.S. corporations don’t care about that. They are reeking big profits by moving operations abroad to take advantage of cheap, repressed labor abroad:

The U.S. trade deficit increased to a record $73.3 billion in August as a small gain in exports was swamped by a much larger increase in imports.

The Commerce Department reported Tuesday that the monthly trade deficit increased 4.2% in August, rising to an all-time high, surpassing the previous record of $73.2 billion set in June. The trade deficit represents the gap between what the country exports to the rest of the world and the imports it purchases from other countries.

In August, exports rose 0.5% to $213.7 billion, reflecting revived overseas demand. But imports, even with all the supply chain problems at ports, were up an even stronger 1.4% to $287 billion.

The politically sensitive deficit with China surged 10.8% to $31.7 billion.

Even a pro-business outlet like CNBC has to admit that trade deficits are a bad for the U.S.:

China trade deficit has cost the US 3.7 million jobs this century, report says

The U.S. has lost 3.7 million jobs since 2001 due to its trade imbalance with China, with most of the damage done to manufacturing, according to a report released Thursday.

As the deficit has continued to swell, American workers have suffered, according to the Economic Policy Institute, a nonpartisan think tank in Washington, D.C., generally considered to be left leaning.

The facts speaks for themselves. Trade deficits began to appear in 1976. At around the same period manufacturing jobs in the U.S. began to decline. In the 1978 the number of manufacturing jobs peaked (month of December) at 19.3 million jobs (source: Bureau of Labor Statistics). They’ve been declining ever since then. Today about 7 million jobs are in manufacturing. Manufacturing is what built the American middle class.

There is clearly a connection between trade deficits and the loss of U.S. manufacturing jobs.

The GOP is rapidly becoming the blue-collar party. 

I thought Democrats were supposed to be the party of workers? This is only proves that in fact there is no difference between the two parties. Republicans do nothing but try to screw-over the working class. Gonna have a hard trying to explain this one:

Data from the NBC News poll shows that the composition of the two major parties is changing, and one massive shift is coming in employment: the kinds of jobs Democrats and Republicans hold. There are signs across racial and ethnic demographic groups that Republicans are becoming the party of blue-collar Americans and the change is happening quickly.

In the last decade, the percentage of blue-collar voters who call themselves Republicans has grown by 12 points. At the same time, the number in that group identifying as Democrats has declined by 8 points. Among white-collar voters, the numbers have remained stable, with Democrats seeing a tiny increase and Republicans seeing a tiny drop.

Google Workers Form Union to ‘Promote Solidarity, Democracy, and Social and Economic Justice’

This is one way of fighting the great monopolistic power of Google. The best way is if we give power to the 99 percent. Then there wouldn’t be a corporate dictatorship:

Decrying numerous policies and practices they say violate Google’s “don’t be evil” founding principle, more than 200 of the Silicon Valley tech giant’s workers on Monday announced they are forming a union, a move that was applauded by progressive lawmakers and labor advocates nationwide.

The Alphabet Workers Union (AWU)—named after Google’s parent corporation—says it “strives to protect Alphabet workers, our global society, and our world,” and to “promote solidarity, democracy, and social and economic justice.” It will operate as part of the Communications Workers of America and will be open to all 120,000 of the company’s employees.

Workers demanding union rights plan to walk off the job in nationwide Strike for Black Lives

The people’s movement is growing and broadening:

A coalition of Black advocacy groups and labor activists are organizing a nationwide strike to pressure corporations, such as McDonald’s, Amazon, Uber and Lyft, to raise wages and allow their workers to form unions.

Thousands of workers are expected to walk off the job in more than 25 cities on July 20 in a mass demonstration called the Strike for Black Lives, organizers say. The strike takes aim at various industries in which Black workers are disproportionately represented, including fast food, airports, gig workers, nursing and home health aides.

The protest is being organized by the Movement for Black Lives — a coalition of black advocacy groups — and several labor rights organizations, including the Service Employee International Union and the fast-food industry labor advocacy group known as Fight for $15 and a Union. The American Federation of Teachers, the International Brotherhood of Teamsters and United Farm Workers are also involved in the effort.