Showing posts from November, 2022

The Case for the Trumpers' Anger | Dean Baker, CEPR, Nov 8, 2022

At this point, a large majority of non-college educated whites (especially white men) are willing to follow Donald Trump off any cliff. They have open contempt for more educated people (a.k.a. the “elites”) and their institutions, such as universities, mainstream media outlets, and science. There is no justification for the racism, anti-Semitism, homophobia and other forms of bigotry that Trump has cultivated since he entered politics. But there is a reason why it suddenly has so much appeal, and it’s not just that a Black guy (who many of them voted for) became president. I will again make the case here. Let’s Imagine a World Where the More Educated Screwed the Less-Educated We know the data on what has happened to income distribution over the last four decades. To take a simple point of reference, in debates on the minimum wage we often talk about how if it had kept pace with inflation since its peak real value in 1968, the national minimum wage would be over $12 an h