Tuesday, February 7, 2017
Who Benefits From Bannon's Economic Nationalism?
If Bannon/Trump's economic policies are implemented two kinds of outcomes are possible: The distribution of economic activity will change, or the economy slow down. If we modify the distribution of economic activity, and it does not slow down the economy, it will be good for the kind of industries that require unskilled labor. That will help Trump to cement the coalition that enabled him to win the election. It will not be good for high skilled workers who live on both coasts and did not vote for Trump. That will produce a brain drain. High tech firms are already thinking about locating technical workers in Canada. If the policies slow down the economy everyone loses and Trump will be a one term president.