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Here we go again. It is time for another national election to elect a new Congress and a new president. The feeling in the air is that this election is more urgent and transcendent than our garden variety clashes, particularly at the presidential level. If this presidential election is seen as fundamentally determining the direction the country will take, as both Republicans and Democrats claim, then great attention will be paid, and hopefully significant turnout, which together should lead to an outcome. substantial and declarative. that or not.

Usually, “It’s the economy, stupid!” This time the meaning is, “It’s the culture, stupid!” Without going into development concerns related to the maturation of our civilization or the lack of it, economic claims, projections, and promises are likely to continue to drive much of the partisan discussion. Are we Americans going to orient ourselves into the past in an attempt to retain economic successes driven by tried and true practices previously delivered by legacy-style business operators, or are we going to innovate and design for a changing economic future? paradigm and characterized by increased competition, transformation and multiculturalism? The decision we make will have consequences for the vitality of the economy in the future and for the jobs it will generate.

Conventional wisdom states that if the economy is robust enough, vigorous employment will take care of itself. In fact, high levels of employment are intrinsic to a strong economy. Generalized labor issues. So it’s worth examining the economic approaches offered by both parties to see who is best equipped to create a job-rich environment over the next four years. Here’s my comprehensive rundown of the selection before us.

Donald Trump has shown us his economic priorities through past performance, which included low unemployment rates. Given that the Republicans did not present a party platform this year, we have to assume that they are thinking “firm like her.” The Trump administration’s economic focus has focused on individual and corporate tax cuts, deregulation targeting primarily the energy and financial sectors, trade protectionism, restricting immigration, and rejection of a federal role in the provision of universal health care. In recent months there have also been attempts to resurrect the economy from the devastation of the Covid-19 pandemic by promoting a reopening or a “back to normal” agenda.

Joe Biden, despite pressure from the left flank of the Democratic Party, is not proposing radical or revolutionary changes in the economy, but is promoting ambitious federal interventions anyway. Primarily, it focuses on revitalizing America’s middle class by encouraging greater inclusion across race lines and education levels with less income inequality and a vindication of optimism born of opportunity. He wants to expand Obamacare, impose a more progressive tax code, eliminate middle class student debt, increase the federal minimum wage, encourage low-carbon manufacturing, combat climate change, and much more. Biden / Harris also have a detailed 7-point plan to defeat Covid and plan for future such threats.

Both the incumbent and the challenger want full employment. What ideology is likely to produce this universally desired result? Excluding all other factors, which will influence who gets my vote, I consider the following to be outstanding regarding employment.

The last 150 years have generated great economic advances that have resulted in profound improvements in the lives of many millions, both as consumers and as producers. We have learned a lot about building wealth and providing life-enhancing products and services. There are lessons from the past that are worth following, but the past is gone. What we have to look forward to is the future with all its uncertainty and ambiguity. Meeting this challenge requires a mindset that sees more opportunities than threats in the future. I think it is this state of mind that impresses me more than the tactics and positions. Long-lasting, yet resilient employment will come best from a perspective that sees the world as it really is and enthusiastically leans toward competition.

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