Wednesday, December 16, 2015

The Bleak Reality Driving Trump's Rise

Well, it's particularly bleak if you're a leftist. Democrats are going to get hammered.

From William Galston, at WSJ, "Workers with low or middle incomes sense a deep and alarming economic shift":
Elections are about more than counting votes. They reveal peoples to themselves. They are democracy’s mirror. And what we see is often disconcerting.

In 2015, for the first time in decades, an angry, disaffected U.S. white working class has found its voice. Xenophobia, nationalism and bigotry are the dominant tones, so it is tempting for the rest of us to turn away in dismay. We should resist that temptation, because underlying the harsh words are real problems that extend well beyond our shores.

Throughout the West, democratic governments are struggling to maintain a postwar order premised on prosperity and economic security. Since the onset of the Great Recession, established center-right and center-left parties have failed to meet that test, opening the door to the far left and the populist right. From Hungary to France to Poland (long regarded as the poster-child for postcommunist democratization), illiberal populism is on the rise.

Western democracies may be on different decks, but we are all in the same boat. In a world of mobile capital and global labor markets, we have not figured out how to maintain jobs and incomes for workers with modest education and skills. In Europe the result has been sustained double-digit unemployment and a generation of young adults on the economic margins. The U.S. has made a different choice: large numbers of low-wage jobs that don’t offer the promise of upward mobility.

Beneath the dry statistics of the latest report from the Bureau of Labor Statistics, we can see that future emerging. Over the next decade, the service sector will provide 95% of all the new jobs. Manufacturing, which shed more than two million jobs between 2004 and 2014, will shrink by an additional 800,000, to only 7% of the workforce. Of the 15 occupations with the most projected job growth, only four ask for a bachelor’s degree; eight require no formal education credentials; nine offer median annual wages under $30,000.

Few Americans know these statistics, but most of them are living the reality they represent. Since the beginning of the 21st century, the economy has ceased to work for households at and below the middle. A recent report from the Pew Research Center finds that the median income for middle-income households is about where it was in 1997. For lower-income households, median income stands where it did in 1996...
Galston's a Democrat analyst, so naturally he's going to dismiss rising populism as "illiberal." It's not. That's the big lie the media's foisting on the American people, designed to help the Democrat Party. The truth is regular folks have had it with political correctness and politics-as-usual, and the first casualties are those responsible for the mess we're in --- establishment politicians from both parties. Next year's election promises a realignment in American politics, particularly if an outsider wins the White House.

More at the link.

And ICYMI, "Donald Trump's Rise Coincides with Decline of the Middle Class."

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