Paul L. Caron
Dean


Thursday, July 11, 2019

The Trump Economy Is Leaving Many Americans Behind

New York Times op-ed:  The Trump Economy Is Leaving Many Americans Behind, by Steven Rattner:

2020 presidential candidates should highlight the economic shortcomings that still exist to counter the president’s sunny narrative.

A major new poll released Sunday showed that Donald Trump’s approval rating is on the rise, particularly for his handling of the economy. How can Democrats make their case for why the economy may not be as good as it can appear? Here are three examples of groups of Americans who are being left behind.

It may be common knowledge that African-Americans are not as well-off financially as white Americans, but what is not widely understood is the extent to which black Americans have fallen further behind over the past nearly two decades. In 2002, African-Americans, on average, earned just over 80 percent of what white Americans earned. By the first quarter of this year, after various ups and downs, that figure had fallen to about 76 percent. ...

Rattner 1

Another group of Americans who have not fared well over an extended period of time are manufacturing workers. ...

Another group of Americans who have not fared well over an extended period of time are manufacturing workers.

https://taxprof.typepad.com/taxprof_blog/2019/07/the-trump-economy-is-leaving-many-americans-behind.html

Tax, Tax News | Permalink

Comments

This graph suggests the current trend is consistent with the decline encountered during the Obama administration (under which the op-ed writer served) and that the last time African American's kept up with Whites in earnings was over the George Bush administration. So wouldn't an intellectually honest headline be that Trump has failed to reverse the trend that started under Obama?

Posted by: Anon | Jul 11, 2019 11:46:13 AM

So, how is a relative statistics like this, black vs. white, never black vs. Asian interestingly, even relevant to the question of whether black workers are being "left behind"?

Wouldn't real wage growth and employment statistics be better measures?

Oh, right, because those objectively positive meaures spoil Old Lady Gray's racialist narrative:

https://fred.stlouisfed.org/series/LEU0252884600Q

https://fred.stlouisfed.org/series/LNS14000031

Thanks, members of the overclass! You continue to caricature yourselves into irrelevancy...

Posted by: MM | Jul 11, 2019 6:59:59 PM

Is there a reason that the article didn't also mark off the time period covering the Obama administration as well?

Posted by: PaulB | Jul 11, 2019 7:16:49 PM

The Bureau of Labor Statistics reports that from Q1 2017 to Q1 2019 - that is, the Trump administration - white workers' median earnings increased by $39 a week, which is 4.6%; black workers', by $58 a week, which is 8.5%; and Hispanics', by $47 or 7.2%.

Maybe the total incomes the Times looks at are different because the stock market is doing so well and minorities couldn't save as much historically.

Now our President's helping us close the wage gap - at record low unemployment! - while shutting down trade and tax scams so we can all KEEP AMERICA GREAT!

Posted by: Anand Desai | Jul 11, 2019 7:32:41 PM

Trump has one of the strongest economies on record. The desperation to find something, anything, wrong with him—he's a murderer, he's a rapist, he hates poor people—is damaging the NYT and others like it much more than it's damaging him.

Posted by: Mike Livingston | Jul 11, 2019 8:35:20 PM

The NYT further erodes its reputation with patently partisan writing. Seriously, are they ever going to get a clue?

Posted by: ruralcounsel | Jul 12, 2019 4:21:10 AM