The Economic Recovery Isn’t That Promising For Everyone
The White House celebrated third-quarter GDP growth last week, claiming that we’re witnessing a V-shaped recovery only Trump can maintain. But the reality is not quite that rosy for many Americans. We might actually be facing a K-shaped recovery, where economic conditions improve for select groups while worsening for others.
For example, the unemployment rate among Black Americans is dropping at a far slower rate than it is for white Americans.
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There’s also growing concern that the lack of childcare and in-person education is forcing women out of the workforce in far greater numbers than men.
So if we hear Trump brag tonight about major economic gains, don’t forget to ask: for who?