Opinion: By many measures the economy is doing well. But Americans know something is wrong.
Demonstrators march in front of McDonald's headquarters demanding a minimum wage of $15 per hour and union representation on April 3 in Chicago. By Paul Waldman Paul Waldman Opinion writer covering politics Email Bio Follow Opinion writer April 29 at 4:17 PM President Trump regularly touts the state of the economy, with low unemployment and strong gross domestic product growth as his greatest accomplishment and the thing that will ensure his reelection.
The result previews a fresh wave of populism that could reshape yet another presidential campaign with about 18 months to go before voters decide whether to return Trump to the White House. I have no doubt that Trump understands this. When he ran for president, he told people that the system was “rigged,” and they believed him because they could see it all around them. If you live in a place that used to have manufacturing jobs with good wages, good benefits and job security, all negotiated by a union, but now the only place you can find work is at Walmart or a fulfillment center, it doesn’t seem like all our problems have been solved.
As it happens, “the system is rigged” is a concise way of describing what the problem is, namely that all the rules are made by and for the wealthiest people and corporations, leaving regular people in a constant struggle for survival where they’re supposed to be thankful to have any work at all, while the CEO of their company makes 500 — or 1,000 —times what they do.
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