We Can Win Better Trade

From the AFL-CIO

Key labor issues are getting worse, not better, because Mexico is moving backward on its labor laws, while the renegotiation of the North American Free Trade Agreement continues. And so American negotiators should not jump to sign an agreement on principles anytime soon, as some in the administration of President Donald Trump have indicated.

It’s time to hold Mexico’s feet to the fire to win meaningful labor reforms, so the new trade agreement can lift up working families and our communities throughout North America.

For 25 years, the North American Free Trade Agreement has tilted the economic playing field sharply in favor of powerful corporations by lowering pay, degrading our environment and killing jobs.

The murders of three striking miners in Mexico at the Media Luna mine, which is owned by a Canadian mining company called Torex Gold Resources Inc., put the labor issue into stark human terms: Workers and family members mourned and protested, while the police did nothing.

Before the company formerly known as Delphi Automotive, now renamed as Aptiv, moved from Warren, Ohio, it paid workers $30 an hour. After it moved to Juarez, Mexico, where workers are glad for the jobs yet have no hopes of better pay or a brighter future, the pay declined to $1 an hour.  

International trade agreements can be written to protect good jobs and the environment and to lift up our lives and communities, but that’s not where this process is headed if negotiators prepare now to sign an agreement in principle.

America’s working families are united in pursuit of better trade deals. Negotiators shouldn’t rush forward just to get a deal. We’ve waited too long. It’s time to get NAFTA right. We can win better trade.

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Posted In: From AFL-CIO, Union Matters

Union Matters

America’s Wealthy: Ever Eager to Pay Their Taxes!

Sam Pizzigati

Sam Pizzigati Editor, Too Much online magazine

Why do many of the wealthiest people in America oppose a “wealth tax,” an annual levy on grand fortune? Could their distaste reflect a simple reluctance to pay their fair tax share? Oh no, JPMorganChase CEO Jamie Dimon recently told the Business Roundtable: “I know a lot of wealthy people who would be happy to pay more in taxes; they just think it’ll be wasted and be given to interest groups and stuff like that.” Could Dimon have in mind the interest group he knows best, Wall Street? In the 2008 financial crisis, federal bailouts kept the banking industry from imploding. JPMorgan alone, notes the ProPublica Bailout Tracker, collected $25 billion worth of federal largesse, an act of generosity that’s helped Dimon lock down a $1.5-billion personal fortune. Under the Elizabeth Warren wealth tax plan, Dimon would pay an annual 3 percent tax on that much net worth. Fortunes between $1 billion and $2.5 billion would face a 5 percent annual tax under the Bernie Sanders plan.

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No Such Thing as Good Greed

No Such Thing as Good Greed