Although his desire to "eliminate our trade deficit through muscular trade negotiations that increase exports, reduce imports and eliminate cheating," will all but ensure no change in jobs, and no jobs growth.
Trump, and Clinton are both mercantilist who do not understand that there is no such thing as a "trade deficit," or that imports are the creation of wealth, while exports are the diminution of wealth, or that immigrants will be necessary to drive these policies forward. Trump gets this correct when he moves to cut the thicket of regulations, streamline the tax code (I prefer eliminating and replacing with a consumption/sales tax), and unleash energy production in the US. He, and Clinton get it wrong on the trade, and immigration fallacies. Excellent analysis of the inanity of the idea of a balance of trade That addresses the trade issue, but where in the world are we going to find 25 million qualified people to fill these jobs. And don't blather on about how our cities are filled with people on welfare who won't work. These jobs need to be filled with people willing to work, not petulant child adults forced to work to stay on the dole. These people need to be "encouraged" to get off the dole, but they do not a workforce make, workfarce maybe. We will need a blend of highly skilled, medium skill, and low skilled workers. I constantly hear that we need only the highly skilled workers, but who will perform the low skill tasks, for services these people will need? Automation will help, but it will not be sufficient to take in all the slack, we will need more workers in these areas. We need a more reasonable way of allowing people to immigrate both permanently for citizenship, and temporarily as short, or medium term workers. Don't forget we are now at 5% unemployment, this is a healthy full employment level. The civilian Employment-Population ratio historically floated between 56%-58% until about the mid 1970s, then as women, colored began to flood into the employment market place, it rose dramatically to nearly 65% in 2000. It fell as a result of the 2008 recession and it appears that we've realized 65% is too high. We seem to now be returning to a lower number, it is not clear what that number is, but I would be unsurprised to find it somewhere near 57 - 60%. Civilian Employment-Population Ratio All of this will require lots of immigration. Opening the US economy to more trade through the permanent elimination of all import tariffs would also drive the economy. Tariffs only protect a few businesses, and their owners, not Americans generally. The average American always pays for the cost of the tariff. It is simply a tax on the poorer average American paid to the wealthier business owners, and it slows economic growth. It is the most stupid of policies. Of course, both parties tend to love it.
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