pErvinalia wrote: ↑Sun Feb 09, 2020 7:07 amRegarding the working class I doubt it's either or. It's probably both.
I'm just don't know if there'll be enough of them to prevent Trump winning a second term. Do you?
pErvinalia wrote: ↑Sun Feb 09, 2020 7:07 amRegarding the working class I doubt it's either or. It's probably both.
I'm just don't know if there'll be enough of them to prevent Trump winning a second term. Do you?
I don't know why this trend is a surprise to anyone - and in parts Trump's electioneering slogans about a 'rigged system' spoke directly to people's experience of wage stagnation and increased job insecurity. The system is rigged, in favour of people exactly like Trump. This May 2019 McKinsey report,Hermit wrote: ↑Sun Feb 09, 2020 3:09 amTrue, Trump has not done anything to improve pay rates for blue collar workers, but to be fair, the rot has set in decades earlier. Starting with Jimmy Carter, no Democrat President has done anything about their lot either.L'Emmerdeur wrote: ↑Sun Feb 09, 2020 2:41 amThe blue collar workers among Trump supporters are kidding themselves if they believe what he says about their wages. Trump pays lip service to them but his priority is demonstrably to benefit large corporations and the wealthy, not improving the lives of working people.
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The decline in labor share of income in the United States since the turn of the millennium has been particularly marked and is the focus of our analysis. Official data from the Bureau of Labor Statistics (BLS) suggest that, while the labor share had already started to decrease in the 1960s, three-fourths of the entire post-1947 decline occurred between 2000 and 2016 (Exhibit 1). The steepest part of the decline—from 63.3 percent in 2000 to 56.7 percent in 2016—followed a moderate downward drift in the 1980s and early 1990s, and a slight recovery in the late 1990s...
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I'm sure you are right, but such nuances will be lost in the election hurly-burly...Brian Peacock wrote:
Trump's fabulous tax deal, hailed as a progressive rebalancing in favour of the little guy by some on this board, has not simply continued, but enshrined the trend of a real terms reduction in returns to the labour market for the value of their work.
We can haz both.
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