By Ryan Loeffler, CNBC|May 28, 2018 12:00:00amA trade union leader is warning the country is on the verge of a trade war as more than 40 percent of American workers don’t have union representation.
The problem has led to union members who are not paid enough, or are not getting the same pay, to become disillusioned, according to the union leader, Mike O’Brien, of the American Federation of Labor-Congress of Industrial Organizations.
“If we continue to do what we’re doing now, and not address it, it’s going to get worse,” O’Connor said in an interview at his office in Washington, D.C., on Wednesday.
“It’s not going to be solved by the government, it will be solved through the people,” he said.
The U.S. economy is growing at a slow but steady pace, according the Bureau of Labor Statistics.
It is projected to grow at an annual rate of about 2 percent in 2019, up from 2.5 percent in 2018.
But in the past year, it has experienced a sharp decline, with some economists projecting the economy will contract by 3.5 to 4 percent in the fourth quarter of 2019, and by about 6 percent in 2020.
Economists have also said that if the trade war between the U.s. and China doesn’t end, it could trigger a wave of retaliation against U.K. companies and industries that do business in China, and also force the U:s.
to consider other ways to increase exports to China, which has a trade surplus with the U., according to a Reuters report.
“The problem is not that trade is bad, the problem is the U.”
O’Connors worries about the trade policies of U. S. President Donald Trump, who is leading a wave that has hurt workers across the board.
“This is a serious threat,” he told CNBC.
“And it has to be dealt with.”
A union representing workers at a large meat packing plant in Indiana, where union officials say workers have been denied pay increases, said it would be taking action against the company if union membership was not restored.
In a statement on Wednesday, the International Brotherhood of Teamsters called Trump’s trade policies “the worst ever.”
“He is destroying the American worker by slashing wages and threatening the livelihoods of thousands of UAW workers across our country,” said the statement.
Trump has said he will renegotiate trade deals to get more American jobs.
In a recent speech, Trump called for “fair trade” with China.
He said in the speech that “nobody wants to trade with China, but if we can’t trade with them, we’re not going anywhere.”
“But if we have to have a trade conflict, we have a free trade dispute,” Trump added.