2023-09-28 14:46:10 +00:00
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abstract: 'The promises of D. Trump to return jobs to the American workers put the
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problems of employment in the focus of his economic policy. After the
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Trump''s first year in White house the job market feels nice with
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employment indicators growing and unemployment going down. The Tax Cuts
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and Jobs Act (2017) makes it more attractive to do business both for the
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American and foreign firms in the United States; and benefits those
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American companies that do their business at home. There is little doubt
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that lowering taxes, limiting regulation can reduce employer''s costs,
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and stronger economic growth would increase employment opportunities.
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However, this process cannot stop long run trends of globalization;
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technological, demographic influence on the labor force participation,
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jobs polarization. The US economy has long been moving away from mining
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and manufacturing industries towards service sectors with less median
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wage and lower access to employer''s benefits, to medical, pension and
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other programs. The paper focuses on job polarization with rising
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inequality between different groups of employees. The structure of
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employment in the US had sharply polarized over the past two decades by
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qualification, education; with expanding job opportunities, both for
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high-skill and low-skill occupations and decreasing opportunities for
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middle-skill workers. Meanwhile the tax cuts and regulation cuts are
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coming hand in hand with budget cuts for supporting education and
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training which could weaken the possibilities of low income persons to
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gain education and skills that the labor market values. So far, current
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administration''s policy may deliver impulse for more jobs, coming with
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economic growth, but eventually the social bad political polarization of
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America may become deeper after Trump''s presidency than before.'
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affiliation: 'Lebedeva, LF (Corresponding Author), Russian Acad Sci, Inst USA \& Canada
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Studies, 2-3 Khlebny Per, Moscow 123995, Russia.
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Lebedeva, Liudmila F., Russian Acad Sci, Inst USA \& Canada Studies, 2-3 Khlebny
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Per, Moscow 123995, Russia.'
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author: Lebedeva, Liudmila F.
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author-email: Liudran@mail.ru
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author_list:
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- family: Lebedeva
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given: Liudmila F.
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da: '2023-09-28'
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doi: 10.20542/0131-2227-2018-62-11-77-86
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files: []
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issn: 0131-2227
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journal: MIROVAYA EKONOMIKA I MEZHDUNARODNYE OTNOSHENIYA
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keywords: US; employment; workplaces; inequality; globalization
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language: Russian
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month: NOV
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number: '11'
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number-of-cited-references: '32'
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orcid-numbers: Lebedeva, Liudmila F./0000-0002-4464-2916
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pages: 77-86
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papis_id: 57eca3fb192d16928f7631f8085d4be6
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ref: Lebedeva2018creatingjobs
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researcherid-numbers: Lebedeva, Liudmila F./S-6937-2016
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times-cited: '1'
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title: 'CREATING JOBS UNDER TRUMP''S POLICY: PRIORITIES, REALITIES AND RISKS'
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2023-10-01 08:15:07 +00:00
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type: article
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2023-09-28 14:46:10 +00:00
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unique-id: WOS:000451900000008
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usage-count-last-180-days: '0'
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usage-count-since-2013: '13'
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volume: '62'
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web-of-science-categories: International Relations
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year: '2018'
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