Envisioning The U.S. Job Market Under Trump Vs. Harris – Forbes
Envisioning The U.S. Job Market Under Trump Vs. Harris Forbes
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A Second Term For Trump Could Be An Extension Of His First
Trump’s Economic Policies
- Focus on further deregulation, particularly in energy and manufacturing sectors, to stimulate job growth.
- Significantly reduced implementation of new regulations compared to previous administrations.
- Proposed reducing corporate tax rate from 21% to 15% for companies manufacturing products domestically.
- Implemented tariffs on imports to prioritize American interests in international trade.
- Advocated for legislation to eliminate taxes on overtime pay.
- Had varying effects on job creation, with positive signs before the pandemic but net loss of jobs overall.
What Could Happen If Harris Wins
Harris’s Economic Policies
- Focus on creating an “Opportunity Economy” that provides equal chances for all Americans to succeed.
- Plan to support small businesses and entrepreneurs to generate 25 million new business applications.
- Expand the Earned Income Tax Credit (EITC) to benefit more low-to-moderate income workers.
- Support eliminating taxes on tips to benefit service workers and potentially improve their financial situations.
- Invest in clean energy sources and technologies to generate new green jobs.
- Modernize traditional sectors and invest in emerging technologies crucial for future competitiveness.
- Remove unnecessary four-year degree requirements for federal positions and promote skills-based hiring.
- Raise the minimum wage and enhance worker protections to stimulate wage growth and consumer spending.
- Support pro-union legislation and strengthen workers’ rights and union power.
SDGs, Targets, and Indicators Analysis
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 8: Decent Work and Economic Growth
- SDG 10: Reduced Inequalities
- SDG 12: Responsible Consumption and Production
2. What specific targets under those SDGs can be identified based on the article’s content?
- SDG 8.1: Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 percent gross domestic product growth per annum in the least developed countries
- SDG 8.5: By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value
- SDG 10.4: Adopt policies, especially fiscal, wage and social protection policies, and progressively achieve greater equality
- SDG 12.2: By 2030, achieve the sustainable management and efficient use of natural resources
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
- Indicator 8.1.1: Annual growth rate of real GDP per capita
- Indicator 8.5.1: Average hourly earnings of female and male employees, by occupation, age group, and persons with disabilities
- Indicator 10.4.1: Labour share of GDP, comprising wages and social protection transfers
- Indicator 12.2.1: Material footprint, material footprint per capita, and material footprint per GDP
SDGs, Targets, and Indicators Table
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 8: Decent Work and Economic Growth | 8.1: Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 percent gross domestic product growth per annum in the least developed countries | Indicator 8.1.1: Annual growth rate of real GDP per capita |
| SDG 8: Decent Work and Economic Growth | 8.5: By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value | Indicator 8.5.1: Average hourly earnings of female and male employees, by occupation, age group, and persons with disabilities |
| 8.5: By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value | Indicator 8.5.1: Average hourly earnings of female and male employees, by occupation, age group, and persons with disabilities | |
| SDG 10: Reduced Inequalities | 10.4: Adopt policies, especially fiscal, wage and social protection policies, and progressively achieve greater equality | Indicator 10.4.1: Labour share of GDP, comprising wages and social protection transfers |
| SDG 12: Responsible Consumption and Production | 12.2: By 2030, achieve the sustainable management and efficient use of natural resources | Indicator 12.2.1: Material footprint, material footprint per capita, and material footprint per GDP |
Source: forbes.com
