Before the 2016 presidential election, countless “experts” predicted economic doom and gloom if Donald Trump were to win.
Now, coming up on two years since President Trump took office, a chain of positive economic news could be summarized in four words: Experts are often wrong.
First, even the president’s opponents were forced to admit that everything didn’t fall apart the moment he took office. As Trump has frequently reminded his critics, unemployment numbers for blacks and Hispanics are near record lows, even as he’s attacked as an enemy of minorities.
Now, there’s even more good news for the Trump economy. On Thursday, the nonpartisan Bureau of Labor Statistics announced that young people are doing very well on the job front.
“From April to July 2018, the number of employed youth 16 to 24 years old increased by 2.0 million to 20.9 million,” the BLS said.
“The unemployment rate among young Americans fell to its lowest level in more than 50 years this summer,” The Wall Street Journal reported.
Trump himself proudly shared that information via Twitter on Friday, in a post that was “liked” over 84,000 times.
Just announced, youth unemployment is at a 50 year low! @foxandfriends
— Donald J. Trump (@realDonaldTrump) August 17, 2018
Perhaps the most interesting observation is that many of the groups who have been reluctant to vote for Trump — black Americans and young people, for instance — are benefiting the most from his presidency.
The majority of millennials, 55 percent, voted for Democrat Hillary Clinton over Trump in the 2016 election, according to an analysis of exit poll data from USA Today.
At the same time, a stunning number of younger Americans seem enamored by political promises that would almost certainly be disastrous for jobs and the country overall.
“(M)ore Millennials would prefer to live in a socialist country (44%) than in a capitalist one (42%). … The percentage of Millennials who would prefer socialism to capitalism is a full 10 points higher than that of the general population,” said a 2017 Victims of Communism Memorial Foundation/YouGov survey, which we reported on last year.
“It seems that the majority of America’s largest generation would prefer to live in a socialist or communism society than in a free enterprise system that respects the rule of law, private property, and limited government,” the foundation said.
Maybe it’s a cliched statement, but the youth in America might not know how good they have it. By almost every measure, life for Americans of all backgrounds is better than it has ever been and offers dramatically more opportunities compared with world standards.
The simple fact is that there are plenty of jobs for young people who want to make money and countless career options for almost anyone who is willing to show up and apply themselves.
Why so many young Americans are jaded and disenchanted despite living in a time of peace and opportunity may come down to a matter of messaging. If conservatives want to advance their ideas, communicating the principles that have made America great to the next generation is extremely important.
That may take a while … but pointing out how good things actually are in 2018 is definitely a strong start.
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