“Unfortunately, Trump’s economic program is unlikely to raise living standards in the United States,” he continued. Moreover, the prominent economist believes that the pro-Trump business class, including new technology pioneer Elon Musk, tends to ignore the poor and the needs of the working class.
“So Trump could get results for the rich class, not for the voters who put him in the White House,” Sachs explained, recalling that Trump during the election campaign promised to improve the economic situation of the working class, which, according to him, is suffering slogans, against illegal migration and dependence on Chinese imports.
Sachs also foresees a significant division within the labor class - between skilled, university-educated and trained professional workers and the unskilled labor force. Representatives of the second category with basic education are most at risk of their jobs due to automation.