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US Trade Deficits, Trump Trade Policies, and Capitalist Globalization

Marty Hart-Landsberg Reports from the Economic Front
The US trade deficit is the result of a conscious globalization strategy by large multinational corporations. This strategy has greatly paid off for them. They have been able to use their mobility to secure lower wages, reduced regulations and lower taxes.

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Why Women Over 50 Can’t Find Jobs

TERESA GHILARDUCCI PBS Newshour
If you’re a woman over the age of 50, finding work has statistically gotten harder since 2008. Economics correspondent Paul Solman sat down with Teresa Ghilarducci, a labor economist and the author of the new book, “How to Retire with Enough Money,”to talk about how age discrimination and assumptions about the worth of women’s labor affect the job and retirement prospects of “older” women workers.

In Virtually Every State, the Poverty Rate is Still Higher than Before the Recession

David Cooper Economic Policy Institute (EPI)
New data shows no change in the poverty rate in most states for the past two years. Only two states have poverty rates below their 2007 level, before the state of the Great Recession. However, the data suggest that the lack of real income growth over the past decade and a half has been even more pronounced for households at the bottom of the income scale. Click below to see where your state stands (or doesn't).

Tidbits - October 9, 2014

Portside
Reader Comments - Towards a Socialist America; War on the Islamic State; Ferguson New Voter Registration; Slavery and the Making of American Capitalism; Economy - Still Failing; People's Climate March; War and Climate Change; Berkeley Free Speech Movement; Crime Fiction; Work, Leisure, & Consumption; Israel 'Blacklist'; An Israel Equal for All; Importance of Brazil's Elections; Announcements - Race, Policing & Civil Rights-Oct 14; Paint the Town Red-Oct 22-both Brooklyn

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Temporary Jobs on Rise in Today's Shifting Economy

Tom Raum timesunnion.com
"Workers increasingly serve businesses that do not officially 'employ' the worker — a distinction that hampers organizing, erodes labor standards and dilutes accountability," said Catherine Ruckelshaus, general counsel for the National Employment Law Project, which advocates on behalf of low-wage workers. A recent Federal Reserve study showed that nearly 7.5 million people who are working part time — contract workers included — would rather have full-time jobs.

Austerity Bites, Employment Rate Falls Again

Jim Stanford Rabble (Canada)
In a weak macroeconomy, the employment rate is a better indicator of labour market strength, since it avoids the arbitrary distinction regarding whether someone is sufficiently "active" in their job search to qualify as being officially "in" the labour market. The erosion of Canada's labour market performance over the last couple of years is not surprising in light of the general stagnation of the main drivers of economic growth in our system.

Five Charts You Need to See

Annie-Rose Strasser ThinkProgress
It’s easy to see that the crisis has wounded the country in ways big and small, and that the damage isn’t done even now. Here are five charts that capture the scope and struggles of the Great Recession, five years after it began:
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