Trump's Bait and Switch: Job Creation in the Midst of Welfare State Sabotage

Levy Economics Institute Working Paper No. 887

18 Pages Posted: 23 Mar 2017 Last revised: 25 Mar 2017

See all articles by Pavlina R. Tcherneva

Pavlina R. Tcherneva

Bard College - The Levy Economics Institute

Date Written: March 20, 2017

Abstract

President Trump’s faux populism may deliver some immediate short-term benefits to the economy, masking the devastating long-term effects from his overall policy strategy. The latter can be termed “welfare state sabotage” and is a wholesale assault on essential public sector institutions and macroeconomic stabilization features that were built during the New Deal era and ushered in the “golden age” of the American economy. Starting in the late ’70s, many of these institutions were significantly eroded by Republicans and Democrats alike, paving the way for the rise of Trump but paling in comparison with what is to come.

Keywords: Manufacturing, Service Sector, Infrastructure, Full Employment, Inequality, Social Wages, Welfare State, Trickle-down Economics

JEL Classification: H, J21, J38, L8, N12, N60, Z18

Suggested Citation

Tcherneva, Pavlina R., Trump's Bait and Switch: Job Creation in the Midst of Welfare State Sabotage (March 20, 2017). Levy Economics Institute Working Paper No. 887, Available at SSRN: https://ssrn.com/abstract=2938077 or http://dx.doi.org/10.2139/ssrn.2938077

Pavlina R. Tcherneva (Contact Author)

Bard College - The Levy Economics Institute ( email )

30 Campus Road
Annandale-on-Hudson, NY 12504-5000
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
136
Abstract Views
989
rank
256,239
PlumX Metrics