Make America Great Again makes America’s rich great again, and the average middle class is likely to be replaced directly by machines.
When Trump was campaigning, he had been emphasizing that he should “buy American and hire American”, to revive the American middle class, and the new tax reform bill has come out. For now, it seems that all this will only make the rich in the United States more wealthy. rich, and the poor are not only poorer, but evenRobotreplace.
Although Trump has accused China, Mexico and others of stealing the jobs of the American middle class since the beginning of the campaign, the most fundamental reason is that the cost of labor in the United States continues to rise, while the cost of technology continues to decline, and capital investment in machines is more intelligent. attractive.
The impact of robots on employment is mainly in the manufacturing industry, such as routine manual work such as assembly, which is particularly significant for blue-collar, less educated workers.
Geographically, the area most affected by robots is the “rust belt” of the United States. Robots have already taken 1,000 UAW jobs.
In addition, the study also shows that in the past 20 years, 360,000-670,000 jobs in the United States have been taken away by robots, and in the next 10 years, 3.5 million jobs will be taken away by robots, which will increase the U.S. unemployment rate by 2%. Today, robots in the U.S. auto industry account for 39%, and robots in the electronics industry, metal products, and plastics and chemical industries account for 19%, 9%, and 9%, respectively.
Former President Barack Obama made a direct point in his departure speechautomation‘s name. “The next wave of turmoil in the U.S. economy will not come from abroad,” he said. “The culprit is the automation of production, which has made many middle-class jobs meaningless.”
According to a new study by PricewaterhouseCoopers, by the early 2030s, 4 out of 10 American jobs could be replaced by robots. In the report, the US was identified as the country most likely to lose jobs to automation, ahead of the UK, Germany and Japan.
PwC cites two main reasons why the U.S. is most vulnerable to automation technology:
1. Industry type: Certain industries are more susceptible to automation technology than others. Simply put, the more automatable the process, the more likely it is to be replaced by robots. Industries that require careful thought and personal touch, such as education, are less likely to be replaced by automation than industries such as manufacturing and transportation.
2. Situation within each industry: While automation affects both high-skilled and low-skilled jobs, those jobs that require higher levels of education and expertise may be less vulnerable to automation. influences. The authors of the PwC study noted that more workers in the US than in the UK were doing routine tasks, such as filling out paperwork. The more routine a job is, the more automatable it is.
The gap between the rich and the poor in the United States has always existed. As more and more low-tech jobs are replaced by robots, the gap between the richest top 1% and the remaining 99% will only increase. Bank of America Merrill Lynch’s U.S. household wealth distribution chart shows that the wealthiest 0.1 percent of U.S. households are on par with 90 percent of households.
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Tax reform plan is the new unequal contract for the rich and the poor
On April 27, the Trump administration finally lifted the veil of tax reform. Although it has been advocating the greatest tax reform plan in history, it finally showed only an A4 paper.
This tax reform will greatly increase the gap between the rich and the poor in the United States. It can be said that this tax reform plan is a new unequal contract between the poor and the rich in the United States.
Trump’s tax plan will have a tax cut effect on all sectors of society, especially high-income groups will receive more tax cuts. It is estimated that it will increase the after-tax income of about 20% of taxpayers by 0.8% and the richest 1% of taxpayers by 10.2%-16%.
Specifically: Trump is proposing a new 15 percent tax on the business income of partnerships, LLCs and other so-called “taxable intermediary entities.” While Trump claims the proposal is good for small businesses, it would also cut the personal income tax rate for many high earners from 39.6% to 15%.
More than two-thirds of this middle income goes to the top 1 percent of taxpayers, according to a study by the Center for Budget and Policy Prioritization.
The new tax reform will cut taxes for all classes, but the highest income families will benefit the most, and the tax cuts for the rich will further widen the gap between the rich and the poor. According to research by Dianalytics, the wealthy 1 percent would receive an average tax deduction of $275,000 per taxpayer, while the 99 percent would receive less than $2,500 per taxpayer on average.
The end result is that wealth is increasingly concentrated in the hands of the top 1%, and most of the remaining jobs are replaced by machines.
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