Skip to main content

Reports & Issue Briefs

Although the U.S. economy overall continues its expansion following the Great Recession and associated financial crisis, the recovery can look very different from state to state. The lion’s share of economic gains are not only concentrated at the top of the income and wealth distribution, but also in a small share of regions. While some parts of the country have surged ahead, millions of Americans in urban and rural communities are still waiting for their wages to start rising again and struggling to make ends meet.
During his first year in office, President Trump ignored the big problems, such as our nation’s crumbling infrastructure, failed to address national crises, including the opioid epidemic and Puerto Rico’s devastation following Hurricane Maria, and at every turn, acted to undermine recent gains in health insurance coverage. As we near the end of President Trump’s first year in office, below are 10 numbers that highlight the challenges ahead and which likely won’t be talked about by the administration:
Expanding education opportunities and increasing quality are not only good for workers and their families, but are also good for communities and the economy as a whole. Investing in proven middle-skills pathways will enhance the skills of America’s workforce, boost U.S.competitiveness, and prepare a new generation of American workers for labor market success. By scaling up these programs, regional and local communities can effectively shape the workforce to meet the needs of employers while advancing opportunities for prosperity for workers.
Although the U.S. economy overall continues its expansion following the Great Recession and associated financial crisis, the recovery can look very different from state to state. The lion’s share of economic gains are not only concentrated at the top of the income and wealth distribution, but also in a small share of regions. While some parts of the country have surged ahead, millions of Americans in urban and rural communities are still waiting for their wages to start rising again and struggling to make ends meet.
This year has turned out to be a rough one for working Americans. In his first year in office, President Trump and Congressional Republicans hurt workers’ pay and benefits, rolled back consumer financial protections, targeted public lands for commercial development, and attempted to strip health care coverage from millions of Americans. Just one year into the Trump presidency and already the harm to people, communities, and the environment is considerable.
With equity market valuations at highs only seen right before the stock market crash of 1929 and the Dotcom crash of 2000, now is the time that policymakers should be focused on maintaining stability, protecting consumers, and promoting sustainable growth. Instead Republicans are pursuing an agenda that will feed bubbles, leave consumers and small investors vulnerable to fraud and abuse, and undermine financial stability.
Deferred Action Childhood Arrivals (DACA) recipients play a large role in rural communities, where their economic contributions are helping rural towns get back on their feet from years of slow eco-nomic growth. In rural America, these estimated tens of thousands of young people are part of the answer to building sustainable economies in small towns across the country.
Equipping Americans with science, technology, engineering and math (STEM) skills ensures a more innovative and prosperous economy. STEM workers boost productivity and drive competitiveness, while generating a host of new ideas. These workers advance our nation by doing everything from building roads and bridges to conducting life-saving medical research.
Although the U.S. economy overall continues its expansion following the Great Recession and associated financial crisis, the recovery can look very different from state to state. The lion’s share of economic gains are not only concentrated at the top of the income and wealth distribution, but also in a small share of regions. While some parts of the country have surged ahead, millions of Americans in urban and rural communities are still waiting for their wages to start rising again and struggling to make ends meet.