Elections, Jobs, and the Workforce

Again, here we are. A new Congress and a new president will be elected in the next national election. At the presidential level, there’s a sense that this election is more important and consequential than your average showdown. There will be significant attention paid and participation realized, which should lead to a substantive and declarative outcome—like it or not—if this choice of president is viewed as fundamentally determinative of the direction the country will proceed, as both Republicans and Democrats claim.

The standard response is, “It’s the economy, stupid!”. There’s a sense of “It’s all about culture, stupid!” in this case. Economic claims, projections, and promises will likely continue to drive much of the partisan discussion even if we don’t get into developmental concerns about our civilization’s maturation or lack thereof. For the United States, the question is whether or not we are going to rely on the tried and true practises of business operatives of the past, or whether or not we are going to innovate and design for an economy that is increasingly competitive, transformative, and multicultural. No matter what we decide, the economy’s future health and the jobs it creates will be directly impacted.
An economy that’s strong enough is expected to produce a steady stream of new jobs, according to conventional wisdom. Indeed, a strong economy requires a high level of employment. Workforce diversity is important. If you want to know which party has the best chance of creating a job-rich environment over the next four years, you should look at their economic policies. Here is a general overview of what we have to choose from.

In the past, Donald Trump’s economic priorities were demonstrated by his ability to keep the jobless rate low. We can assume that Republicans are thinking “steady as she goes” because they didn’t present a party platform this year. Trade protectionism, immigration restrictions, and rejection of a federal role in providing universal healthcare are among the economic priorities of the Trump administration. Individuals and corporations will also benefit from tax cuts and deregulation targeted primarily at the energy and financial sectors. Efforts to revive the economy following the Covid-19 pandemic have also been made in recent months to promote a reopening or “get back to normal” agenda.

According to critics, Joe Biden is not proposing sweeping or revolutionary changes in the economy, but he does advocate for a number of high-profile federal interventions. By encouraging greater inclusion across racial and educational lines, he aims to reinvigorate America’s middle class and reclaim the optimism that comes from opportunity. It includes expanding Obamacare, instituting more progressive taxation and eliminating middle-class student debt, as well as encouraging low-carbon manufacturing and combating climate change. They also have a detailed 7-point plan to defeat Covid and plan for future threats.

Full employment is a goal shared by the incumbent and the opposition candidate. Whose ideology has the best chance of achieving this universally desired result? To the exclusion of all other considerations, I consider the following to be critical in terms of employment.

Many millions of people’s lives have been transformed as a result of the enormous economic progress made over the last century, both as consumers and producers. By studying how to make money and provide value, we’ve gained a great deal of knowledge. It’s important to learn from the past, but that time has passed. That which awaits us in the future has no certainty or clarity. Meeting this challenge requires a mindset that sees more opportunity than threat from the future. I’m more impressed by this attitude than I am by their tactics or positions. In order to secure a long-term job, one must have a positive outlook on life and a willingness to take risks.