The Limited Times

Now you can see non-English news...

Trump has promised prosperity in rust belt countries. Just the opposite happened - Walla! news

2020-10-28T18:26:47.821Z


Even before the epidemic, employment rates and wages in important counties in Michigan, Wisconsin and Pennsylvania, which passed from Democrats to Republicans in 2016 and were critical of victory, fell compared to the rest of the U.S. Trump's trade war played a part in this, and so did powerful market forces.


  • news

  • World news

  • America

Trump has promised prosperity in rust belt countries.

Just the opposite happened

Even before the epidemic, employment rates and wages in important counties in Michigan, Wisconsin and Pennsylvania, which passed from Democrats to Republicans in 2016 and were critical of victory, fell compared to the rest of the U.S. Trump's trade war played a part in this, and so did powerful market forces.

Tags

  • United States

  • Donald Trump

Reuters

Wednesday, 28 October 2020, 11:12

  • Share on Facebook

  • Share on WhatsApp

  • Share on general

  • Share on general

  • Share on Twitter

  • Share on Email

0 comments

  • Documentation: Police shoot a black man in Philadelphia, 26 ...

  • IAEA to Iran: Stop preventing access to two nuclear sites ...

  • Despite US warnings: Iranian oil tankers arrive ...

  • Biden: "I will make a transition from the oil industry": Trump: "Remember ...

  • Referendum in Chile on changing the constitution formulated in the days of ...

  • USA: Presidential candidates Biden and Trump meet for confrontation ...

  • Trump's Candidate for Supreme in Senate Hearing: "I will not rule ...

  • USA: Apple, Google, Amazon and Facebook were questioned in Congress about ...

  • Netanyahu: There will be more countries that will normalize relations with Israel ...

  • A cult leader in New York was convicted of trafficking in women

  • Chilean citizens decide to repeal the constitution from the Pinochet period ...

  • United States: Russia and Iran try to interfere in elections ...

In the video: Trump election week at Nebraska election rally (Photo: Reuters)

Monroe County, Michigan voters were expecting economic prosperity when they voted for Republican Donald Trump in 2016 after electing Democratic Barack Obama earlier.



However, the exact opposite happened.

During the first three years of Trump's tenure, the county lost jobs, and wages in the first three months of 2020 were slightly lower than in the first three months of 2017, with Trump taking office.



All this was before the onset of the corona plague and the recession that followed.



Less than a week remains until Election Day, and official data recently released by the administration showed how little Trump has done in changing the trajectory of the "rust belt" area that led to his surprise victory in the White House race.

While the increase in jobs and wages continued across the country under Trump, following a trend that began under the Obama administration, the country's economic weight continued to shift south and west, according to quarterly employment and wage data, which were recently updated and included the first three months of the year.

Listen

"Biden's victory - an opportunity to rebuild relations with the Democratic Party"

To the full article

Trump visits washing machine factory in Ohio, August (Photo: Reuters)

A study recently published by the Economic Renewal Group came to the same conclusion.

It has found a relative stagnation in the economic and social situation in the Midwest, compared to states like Texas and Tennessee, where “rising stars” like Dallas and Nashville have enjoyed more of the fruits of U.S. economic growth over the past decade.



Across the industrial belt from Wisconsin to Pennsylvania, the increase in jobs in the first three months of 2017 to the first three months of 2020 lagged behind the rest of the United States.

The employment rate in Michigan, Wisconsin and Ohio grew by 2% and less compared to a national average of 4.5%.



In contrast, Texas and California have experienced growth in the number of jobs most from 2017 to the beginning of the year, while Idaho leads with more than 10%.



Data analyzed by the Reuters news agency, and particularly relevant to the election, show the limits of the controversial taxation and trade policy that Trump has promised to create jobs in 17 counties in five swing states: Florida, Michigan, Ohio, Pennsylvania and Wisconsin.

In all of those counties, there were more than 100,000 eligible voters in 2016, and they voted for Trump after voting for Obama in 2012.

Map of Rust Belt Countries

Official site -

In 13 of these districts, including the Rust Belt area, the increase in the number of private jobs lags behind the rest of the country.

In fact, the employment rate has shrunk by five of them.

Four of the counties with the fastest growth in employment compared to the rest of the state, two were in Florida, one in Pennsylvania and one in Wisconsin.



The findings show that before the epidemic, when Trump boasted that it was "the best economy ever," when indeed employment and wages were on the rise, there was no real change in the centers of prosperity in the United States.



Part of that probably stems from Trump's own policy.

Imposing caps on steel, for example, has led to job losses in Michigan.



"The situation in the most important areas of the key countries has not been particularly good under President Trump, even before the epidemic," said Moody's chief economic analyst Mark Zandy.

He said the districts that moved to Trump in 2016 were "particularly vulnerable" to the president's trade war because of their ties to global markets.

Will they return to the Democrats?

Attend Trump's rally at Ohio plant (Photo: Reuters)

Trump also swam against a very strong current, driven by stronger forces than any tweet or cap.

For many decades, from the middle of the last century, there has been a shift of people, capital and economic product from the northeastern United States and the Midwest to the open spaces, cheap wages and more temperate climate of the solar strip and the Silicon Valley innovation corridor to Washington State.



In 2016, Trump promised to create jobs - which was the path to the heart of the middle class in the last century - and as president he combined trade policies, tariffs and bending hands with various companies to strengthen his position in the industrial center that constitutes his electorate.



But it did not happen.

According to official data, Texas created more jobs from 2017 to early 2020 than Ohio, Michigan, Wisconsin and Pennsylvania combined.

The smaller but increasingly competitive industrial zone, in Tennessee, Georgia, South Carolina and Alabama has seen more new establishments than those in those traditionally manufacturing states.



While Trump failed in his efforts to revive the rust belt, the forces operating against the region began even before his tenure.

According to an analysis of social and economic indicators, productivity in the region increased very little from the beginning of the century until 2018.

  • Share on Facebook

  • Share on WhatsApp

  • Share on general

  • Share on general

  • Share on Twitter

  • Share on Email

0 comments

Source: walla

All news articles on 2020-10-28

You may like

News/Politics 2024-04-03T06:57:20.915Z

Trends 24h

News/Politics 2024-04-18T09:29:37.790Z
News/Politics 2024-04-18T11:17:37.535Z

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.