Thursday, October 3, 2019

Job loss increasing due to Trump's trade war with China

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The Week reported in its September 27, 2019 issue that Yahoo Finance reported that because of President Donald J. Trump's trade war with China the U.S. economy has suffered 300,000 job loses according to Moody's Analystics and that figure is expected to rise to 450,000 by the end of 2019 and to double to 900,000 by the end of 2020.

Editor's note:
Donald Trump bragged that being a billionaire and the world's best businessman he could create jobs and make America great again bringing back jobs to America. In fact, his trade policies have done the opposite. And while employment is at low levels this is due to low wage jobs in the service sector where working class Americans can not earn a sustainable income.

Is it accurate to say that working class non educated white Americans got conned?

1 comment:

  1. I believe you meant to say "while unemployment is at low levels".