September 25, 2020

The real Trump: Loss of jobs

 John Cavanaugh, USA Today - Four years later, it’s clear that Trump’s trade policies have failed U.S. workers. Instead of more good jobs, his ever-escalating trade wars have led to higher costs, lost markets, and more plant closures. Economic Policy Institute research shows that nearly 1,800 U.S. factories disappeared between 2016 and 2018. 

In manufacturing-heavy Ohio, Trump’s tit-for-tat tariff battle with China was a major factor in the drop in annual job growth from 36,200 in 2016 to 3,700 in 2019, according to a new report I co-authored. Average weekly earnings for Ohio manufacturing workers also declined during this period. 

In Michigan, Fiat Chrysler, General Motors, and Ford have all closed plants since Trump’s brash campaign trail commitments. Auto companies as a whole reduced their investment in the state by 29% over the three full years of Trump’s presidency, compared with the previous three years under Obama. 

Naked Capitalism - Since Trump took office, hundreds of thousands of manufacturing workers lost family-sustaining jobs, including more than 16,000 in Pennsylvania, Ohio, Michigan and Wisconsin in 2019 alone.

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