12. Millions of Jobs Lost
Donald Trump has a lot of (mostly ill-informed) ideas about how he will bring a lot of jobs to America, which is also partly why the working class bought into his campaign. In many cases, however, his ideas are actually going to have the opposite effect. For one, Trump has talked a lot about trade deals but economists have weighed in and suggested that these deals actually have very little effect on jobs; it is things like robots taking over a lot of jobs that has more of a negative effect on employment rates. Then there’s his tax plan. His plan would initially bolster 1.7 million more jobs than would have been available in 2018. By 2027, however, those same tax cuts would cause a loss of 692,000 jobs. Then there’s the projected recession that will arise if Trump goes through with his plan to raise tariffs on Chinese and Mexican goods – an estimated loss of 3 or 4 million jobs by 2021. Trump’s plan to open up a lot of jobs by deporting illegal immigrants will also have the opposite intended effect. We could go on.
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