By now, we’ve heard plenty about the “new normal” of a Trump presidency, but there’s more to come.
The Trump administration has yet to announce its plans for manufacturing jobs, and a recent report found that only 2% of manufacturing jobs have been created since the end of the recession in November 2009.
The Bureau of Labor Statistics, which tracks manufacturing, said that manufacturing employment dropped by 7.2 million jobs from January 2017 to June 2018, with some 4.2% of jobs lost during that time.
And the unemployment rate in manufacturing is at an all-time low of 3.5%.
But what about those other jobs that have gone to foreign workers?
According to a report published by the International Trade Commission (ITC), in 2017, the US exported nearly a quarter of its total manufacturing output to China, which accounted for more than half of the total output.
What is this “new norm” that Trump has promised to revive?
We know that the economy has slowed down over the past several years.
According to the US Bureau of Economic Analysis (BEA), the unemployment and underemployment rate in the US economy declined from 7.4% in October 2015 to 6.9% in December 2017.
But it seems that Trump and his supporters are not concerned about this trend.
In the latest issue of The Wall Street Journal, the Trump administration’s economic adviser, Gary Cohn, said: “We can take this a few years and get back to where we were, which is a jobs and manufacturing boom.
We have a lot of people that want to go to work and they’re not going to go back to China or other places.”
Cohn has said that China will continue to be a strong competitor for US manufacturing.
Is this really the kind of thing that will make Americans happy?
As we’ve seen with Brexit, Trump’s promise to rebuild the US workforce will likely be just as unpopular in the short term.
There is no shortage of reasons why the American public will be unhappy about a return to the days of Donald Trump.
As former US President Jimmy Carter once said, if you want to have a better life in the United States, “You have to be able to get ahead of yourself.
You have to put in the hours.”