Nachfrage - Der Interview-Podcast von Andreas Sator #1 Trump wird die Jobs nicht zurückbringen: Martin Feldstein
Dec 22, 2016
In this discussion, Martin Feldstein, a Harvard Economics Professor and former chief economic advisor to Ronald Reagan, shares his insights on Trump’s economic agenda. He critiques the effectiveness of tax cuts and infrastructure plans in reviving jobs, emphasizing the challenges posed by automation. Feldstein compares Trump’s policies with Reagan's, delving into corporate tax competition and labor market dynamics. He also addresses public discontent towards political elites and the impact of decision-making on trade policies. A thought-provoking take on America's economic future!
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Trump's Economic Impact Limits
- Trump’s economic policies might improve the U.S. economy but only modestly due to already low unemployment.
- Productivity improvements and quality job enhancements are his more likely economic impacts.
Automation Limits Job Revival
- Returning manufacturing jobs to the U.S. won’t significantly increase employment due to automation.
- Technological advances reduce labor needs, so relocating production won’t restore past job levels.
Private Investment Limits Infrastructure
- Private companies won’t profit from infrastructure like streets and bridges, limiting private investment.
- Public infrastructure improvements mainly depend on government, especially local governments.
