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Testname's avatar

Speaking strictly for myself:

1) I question whether “net jobs gain” is the right framing. That says nothing about the quality of the job in question. It is easy enough to imagine someone going from a moderately well paid factory worker to a poorly waiter or barista, yet that shows up as no jobs lost. (To be clear, I have no idea if that is what happened. It is just the obvious thing that jumps out at me)

2) In general, I am a bit tired of people conflating pro-union policies with pro-labor policies. Bluntly, most workers aren’t in unions. While bailing out union pension funds obviously helps union members, it is not obvious to me how it helps the working class more broadly. Nothing that I can remember from the Biden admin was aimed at *growing* the unions. It was all just handouts to people who were already in unions.

Zac Hill's avatar

I think a couple things are going on. First, on the right, Trump’s stranglehold on the party coupled with his Neo-Peronist brand of Big Government Conservatism has detonated any dissension from within Republican ranks, which contributes to a normative environment wherein the issue seems up for legitimate contention. Second, on the left, increasingly in adoption an explanatory model grounded in *rank lack of understanding of economic models*.

The reason is straightforward: I have had probably two dozen conversations this year with folks on the left where “trickle down economics” have been conflated with “capitalism” as well as “high stock prices”, “affordability,” and “corporate profitability”. Notably, something like “low corporate taxes” *would* more or less be interchangeable with “trickle down,” but tax policy seems to be less salient.

Then, the device is to point to the (legitimate) failure of ‘trickle-down’ to argue for the fundamental unsustainability of e.g. “capitalism” - even by non-DSA types. So why I think this is relevant here is that the same omni-conflation prevents distinction-parsing arguments like “well tariffs drive up prices” or “actually it’s good to be able to buy what you want,” since the latter erroneously gets conflated with a Reaganite position.

The *normative* baseline in Dem-leaning culture, in other words, tacitly presupposes a by-default anti-market skew.

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