Stations of the Cross: Every Friday of Lent
You won't believe how the U.S. trade deficit relates to unemployment!
FREE Catholic Classes
The U.S. merchandise trade deficit with China reached $365,649,000,000 in 2015. This outrageous number is the result of the United States purchasing goods at low prices and China hardly purchasing anything from America. The result is not only an extreme trade deficit, it also results in the loss of U.S. jobs.
CALIFORNIA NETWORK (https://www.youtube.com/c/californianetwork)
2/10/2016 (7 years ago)
Published in Business & Economics
Keywords: United States, China, trade deficit, Census Bureau, unemployment
LOS ANGELES, CA (Catholic Online) - When the economy begins to show signs of falling, companies scramble to pinch every penny. The most expensive part of any company is its payroll, so what do these corporations do? They outsource jobs.
By outsourcing jobs to countries such as India or China, there are less taxes and significantly smaller paychecks, but it also encourages a fall in the United States economy.
These outsourced jobs mean fewer positions are available to Americans and the unemployment rate goes up - which only serves to further negatively impact the economy.
According to the Bureau of Economic Analysis, the annual value of U.S.-China trade rose nearly exponentially in the past thirty years.
In 1985, the deficit was only $6 million, but by 2005 it reached $202,2781 billion and finally came to rest at $365.6945 billion by December 2015.Federal Reserve Bank of St. Louis, in 2015 China spent 30 cents or less on U.S. goods for every dollar Americans spent on Chinese goods.
China continually purchases U.S. Treasury notes and is the largest lender to the United States Government, AboutNews explained. China does this to ensure Americans will continue to purchase Chinese-made goods and to keep the U.S. from another recession, which would keep American shoppers from wanting to purchase anything unnecessary - including Chinese exports.
Tim Geithner, 2009's U.S. Treasury Secretary, continued to engage in the U.S.-China Strategic Economic Dialogue to open U.S. companies to China's domestic market and raise the price of Chinese exports, but was unsuccessful.
Fortune reported several in Washington continue to search for resolutions, most of which focus on provisions against currency manipulation in the Trans-Pacific Partnership trade deal.
The California Network is the Next Wave in delivery of information and entertainment on pop culture, social trends, lifestyle, entertainment, news, politics and economics. We are hyper-focused on one audience, YOU, the connected generation. JOIN US AS WE REDEFINE AND REVOLUTIONIZE THE EVER-CHANGING MEDIA LANDSCAPE.
Join the Movement
When you sign up below, you don't just join an email list - you're joining an entire movement for Free world class Catholic education.
Stations of the Cross
Mysteries of the Rosary
Litany of the Blessed Virgin Mary
First Station: Jesus is condemned to death
Eighth Station: Jesus meets the women of Jerusalem
Ninth Station: Jesus falls a third time
The Apostles' Creed
Second Station: Jesus carries His cross
Tenth Station: Jesus clothes are taken away
- Daily Readings for Saturday, March 25, 2023
- St. Dismas: Saint of the Day for Saturday, March 25, 2023
- Saint Anthony, Performer of Miracles: Prayer of the Day for Saturday, March 25, 2023
- Daily Readings for Friday, March 24, 2023
- St. Aldemar: Saint of the Day for Friday, March 24, 2023
- Prayer to the Holy Spirit # 1: Prayer of the Day for Friday, March 24, 2023
Saints & Angels
We ask you, humbly: don't scroll away.Hi readers, it seems you use Catholic Online a lot; that's great! It's a little awkward to ask, but we need your help. If you have already donated, we sincerely thank you. We're not salespeople, but we depend on donations averaging $14.76 and fewer than 1% of readers give. If you donate just $5.00, the price of your coffee, Catholic Online School could keep thriving. Thank you.
Help Now >
Copyright 2022 Catholic Online. All materials contained on this site, whether written, audible or visual are the exclusive property of Catholic Online and are protected under U.S. and International copyright laws, © Copyright 2022 Catholic Online. Any unauthorized use, without prior written consent of Catholic Online is strictly forbidden and prohibited.
Catholic Online is a Project of Your Catholic Voice Foundation, a Not-for-Profit Corporation. Your Catholic Voice Foundation has been granted a recognition of tax exemption under Section 501(c)(3) of the Internal Revenue Code. Federal Tax Identification Number: 81-0596847. Your gift is tax-deductible as allowed by law.