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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums'Trump political base hit hardest by coronavirus'
https://www.bbc.com/news/business-53224752The economic impact of the coronavirus has taken a heavier toll on low-wage earners according to Tomas J Philipson, the chair of the White House Council of Economic Advisers.
In an exclusive interview with the BBC before his reported departure, he said: "There's a sort of unique impact of this shock in that its very regressive, hitting the low wage part of the economy. Low-wage workers take a bigger hit than higher wage".
The virus has derailed any progress the US was making in raising the living standards of those on low pay, Prof Philipson said in an interview for Coronavirus: The Economic Shock, in which some of the world's leading economists and business leaders look at how the gravest economic downturn in nearly a hundred years may change the way we live and work.
"We had enormous success in growing lower wages before the pandemic struck, so this has taken a very regressive toll on the economy," he argues.
This has political implications for the upcoming November election as President Trump enjoys far higher support among non-college educated voters - often used as a proxy for low vs high wage earners - than among those who have college degrees.
UncleTomsEvilBrother
(945 posts)The article suggests that low wage earners are hit the hardest in the United Sates. African Americans are the low wage earners in the United States. African Americans are being hit the hardest by this virus, and African Americans are not Trump's base.
GusBob
(7,286 posts)And it could be argued that Trumps base is actually
Rich white folks
I think they demographic they are referring to is
White non college educated voters. Trump scores big with them
You are spot on the title is misleading and factually in correct
WhiskeyGrinder
(22,355 posts)ignore the way the pandemic and the response to it is hitting them disproportionately hard. Ugh.
SharonClark
(10,014 posts)beachbumbob
(9,263 posts)Newest Reality
(12,712 posts)When was this? Did I miss this somehow? Was it in the news once? My notion is that it's largely been flat wages with ever increasing productivity, etc. Rah, rah, capitalism?
"We had enormous success in growing lower wages before the pandemic struck, so this has taken a very regressive toll on the economy," he argues.