After a brief discussion on stagnant real wages and the minimum wage's declining real value, Dolar broke down three of Trump’s economic policies that may have the opposite effect of what his supporters had hoped for. These include tariffs (Americans usually paying the bill); the deportation of millions of migrants (the creation of a labor shortage); and tax cuts (risking fueling too much demand and resulting price hikes).
She said, “Taken together, many of Trump’s proposed policies may inadvertently fuel another ‘inflation nightmare.’”
This piece was also published in The Sun Chronicle, The Houston Chronicle, Seattle PI, Fast Company, and Yahoo Finance.
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