It is frightening to see Trump unleash ICE on powerless immigrants, but bend over backward to placate financial elites. A bully attacks the weak and cowers before the powerful.
More than 6 million Americans are directly employed by majority foreign-owned firms, and over 12 million American jobs are linked to foreign investment. These jobs pay one-third more than the economy wide average, 40 percent are in manufacturing, and there has been significant growth in Rust Belt states.
While supporters say Ross saved thousands of U.S. jobs by rescuing firms from failure, data attained by Reuters shows that rescue effort came at a price: textile, finance and auto-parts companies controlled by the private-equity titan eliminated about 2,700 U.S. positions since 2004 because they shipped production to other countries.
One of the first tests of Trump’s pledge to help workers will come in how his administration handles the complicated rules that govern who has the right to time-and-a-half overtime pay. At stake is the possibility of overtime pay for about 4 million workers around the country.
While it is laudable that several hundred Indianans get to celebrate the holiday season with their jobs secure, evidence from the states raises red flags on the viability of targeted incentives as a national policy for growth. Trump would need to negotiate several packages per week in order to have any noticeable effect on the U.S. economy.
When Donald Trump is inaugurated later this month, the presidency will officially be held by an inveterate liar. And the way the press has covered Trump in the two months since his November election victory suggests that many journalists need to adjust their approach to address that reality before Trump takes office.
While resistance is critically important, we will fail unless resistance is contained within a long-term strategy to reverse runaway inequality and upend neoliberalism. If we don’t build an alternative movement, our defensive struggles could enhance Trump’s popularity rather than to diminish it.
Like he did with polls, Trump has cherry-picked economic data. The Consumer Confidence Index did not suddenly rise after Trump’s election; it has trended upward since bottoming out shortly after the 2008 economic collapse. Its first major increase came shortly after the inauguration of President Barack Obama, and also rose similarly after his re-election in 2012
Under the most dire scenario, a trade war would kill nearly 5 million U.S. jobs, with Washington state hit the hardest of any state, losing 5 percent of its private sector jobs, or a total of 127,685, according to the Peterson Institute for International Economics, a pro-trade group.
History warns us to be very, very careful when using the phrase “white working class.” The reason has nothing to do with political correctness. Rather, it concerns the changing historical definitions of who is “white.” When we invent the white working class, we whitewash an increasingly diverse manufacturing workforce.
During the campaign, Trump checked off all boxes in the art of the con. 1) Learn what the target wants. 2) Play on that desire. 3) Create an emotional foundation based on rapport and an illusion of empathy.
Since his victory, Donald Trump has used his Twitter account to generate positive news about himself across the spectrum of media platforms, implanting misleading narratives about his business and economic acumen into national news.
The Late Night host took “a closer look” at the Carrier story — from the first commitment made by Trump on the campaign trail to the deal itself — and found the president-elect “lying his ass off.”
By showing himself to be a paper tiger on international job transfers, Trump gave all employers a template for extracting tax benefits by threatening to move across the border. And he offered carte blanche for firms to play states off against one another in a quest for local incentives.
It’s beginning to look like Donald Trump does not know how this whole president-ing thing works. And since he has the curiosity level of a pet rock, chances don’t seem great that he’ll be learning anytime soon.
Despite his populist rhetoric, what Trump proposes is scarcely different from what all of his Republican predecessors did. And that doesn’t bode well for jobs.
Someone looking at only the TV screen would not know these potential stumbling blocks with the deal. Instead, they would see only a graphic saying, “Trump Delivers On Vow To Save Carrier Jobs,” essentially giving Trump the talking point he wanted.
In the end, the bailout that Obama championed saved more than one million jobs, and Fox News still hated it. If only Obama had saved 1,000 Carrier jobs instead.
“Trump has endangered the jobs of workers who were previously safe in the United States. Why? Because he has signaled to every corporation in America that they can threaten to offshore jobs in exchange for business-friendly tax benefits and incentives,” Sanders wrote in the Washington Post.