> I get this line of reasoning, but the US economy is thriving, unemployment is low and wages are growing rapidly at the low end too.
Many make this mistake. The stock market is thriving. Some people are thriving. Many people are not. They are stuck in low wage service jobs. It’s not about unemployment.
There was a global pandemic. We are in a recovery. The U.S. is doing far better than Europe in our recovery. We are basically most of the way back, and people will start to feel better next year. Trump will benefit despite having done nothing.
I agree he will benefit from some people doing better, but there are structural things which have been brewing for years. Yes, houses became much less affordable during the pandemic, and rents soared then, too, but that won't be fixed any time soon. The fact that men go to college at a much lower rate and the non-college jobs suck, that won't be fixed quickly either. There is a movement to on-shore manufacturing again, but that will take decades.
In general, Trump will benefit from the recovery of the last several years. It's unfortunate that many people don't understand how this stuff works.
Many make this mistake. The stock market is thriving. Some people are thriving. Many people are not. They are stuck in low wage service jobs. It’s not about unemployment.