Columnist hiltzikm writes: 'The gap points to a question that should be raised more consistently: Who does the Trump economy serve?'
The gap points to a question that should be raised more consistently: Who does the Trump economy serve? Macroeconomic statistics have been strong, as has the stock market. But the benefits of this economic expansion have been funneled overwhelmingly to the rich. They received most of the tax cut Trump signed in December 2017, and they’ve received tens of billions in payouts from corporations enjoying the tax cut in the form of stock buybacks and dividends.
Baker conjectures that a lack of enforcement of anti-discrimination laws under the Trump administration may play a role. “Having a president who seems to think that white men, starting with himself, are the biggest victims in society could be part of the problem,” he wrote. “This may encourage many employers to think that it is okay to discriminate again.”
The black unemployment rate had been falling faster than the white rate, but reversed course in late 2018; dark lines, blue for the black rate and green for the white rate, represent moving 3-month averages and light lines are monthly figures. that narrowed employers’ ability to declare their workers to be “independent contractors.” That eliminated the affected workers’ rights to unionize and made them more vulnerable to economic abuse by employers.
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