Summary of The new economics of jobs is bad news for working-class Americans – and maybe for Trump
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President Donald Trump takes credit for US economic growth and soaring employment numbers. But according to this sobering report by economist Robert Shapiro, many of Trump’s core supporters among working-class Americans are still missing the party. People with college degrees continue to grab a disproportionate share of jobs, while those with less education still struggle. While always politically neutral, getAbstract recommends this eye-opening article to anyone with an interest in how political perception and economic reality often don’t jibe.
In this summary, you will learn
- What trends US employment data from 2008 through 2017 reveal,
- Why those trends are likely to continue and
- How they could influence the American political landscape.
About the Author
Robert Shapiro is chairman of the advisory firm Sonecon and a senior policy fellow at Georgetown University’s McDonough School of Business.