How is the Economy Doing Right Now?
- By mark46
- American Politics
- 112 Replies
DISTUISHING TWO TYPES OF TRUMP EFFECTS ON MIDDLE CLAS
1) Trump has cut programs for the middle class and the poor among us. He has also emasculated our health care, health, education and environmental agencies and policies, as well as R&D (especially in health issues).
2) Trump's tariffs hace made products more expensive through his tariffs, including those used by small businesses. They are also killing the farming sector
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HOWEVER, TRUMP HAS NOT HURT THE MACRO ECON0MY
A) The stock market sets records each week. BTW, stocks are NOT only owned by the rich but also by the middle class.
B) You quote Amazon layoffs as if Amazon is hurting. AI is allowing them to shed workers. Amazon is doing fine. Amazon is forecast to need 600,000 new workers in the next 8 years. OF COURSE, almost all of these jobs will be filled by robots.
C) There is definitely a crisis among those "workers' who are untrained for the hundreds of thousands of jobs that WILL be available to humans. I put the word in quotations because so many youngsters feel entitled and really don't expect to have to work.
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MY BOTTOM LINE
We should distinguish between the effects on the Middle Class of Trump and the effects of automation and AI.
1) Trump has cut programs for the middle class and the poor among us. He has also emasculated our health care, health, education and environmental agencies and policies, as well as R&D (especially in health issues).
2) Trump's tariffs hace made products more expensive through his tariffs, including those used by small businesses. They are also killing the farming sector
=====================
HOWEVER, TRUMP HAS NOT HURT THE MACRO ECON0MY
A) The stock market sets records each week. BTW, stocks are NOT only owned by the rich but also by the middle class.
B) You quote Amazon layoffs as if Amazon is hurting. AI is allowing them to shed workers. Amazon is doing fine. Amazon is forecast to need 600,000 new workers in the next 8 years. OF COURSE, almost all of these jobs will be filled by robots.
C) There is definitely a crisis among those "workers' who are untrained for the hundreds of thousands of jobs that WILL be available to humans. I put the word in quotations because so many youngsters feel entitled and really don't expect to have to work.
=================
MY BOTTOM LINE
We should distinguish between the effects on the Middle Class of Trump and the effects of automation and AI.
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