The story extends back to the turn of the century — when China was allowed into the World Trade Organization, setting off a wave of investment by multinational corporations hoping to take advantage of cheap Chinese labor.Goods-producing jobs in manufacturing and construction, which had been roughly flat since 1979, plummeted by more than three million before a building boom fueled by an inflating housing bubble clawed back many of them. When that bubble burst, the construction jobs evaporated, too. And there has been no new job-producing boom to take its place.
Placing voting returns alongside President-elect Donald Trump’s tax plan documents a remarkable paradox of 2016.Trump won the presidency by rallying middle-American working-class whites against coastal elites. But his tax-cut plan directly benefits those coastal elites much more. …Among the 30 states Trump carried against Hillary Clinton last month, 25 contain below-average numbers of the high-income households whose after-tax incomes are projected to rise most as a result of his plan. By contrast, among the 20 states plus the District of Columbia that Clinton carried, 15 have an above-average share of those most affluent households.