Economy VS. Education: Does Education Or Tax Policy Create Jobs?
Amid the growing fears over the possible policies of the Trump administration, there are new investments in the United States such as that from a Japanese billionaire named Masayoshi Son, who promised to bring back jobs in the United States. With these investments, more jobs will be created across the country, which leads to the question whether educational or economic policies will help in creating new opportunities for occupations.
According to Ahwatukee Foothill News, Son's investment alone will create 50,000 more jobs but this was not in line with what the last election has been promoting, saying educational policies of the Trump administration will bring back jobs in the country. Voters were told that restoring education funding will create more jobs. Research, however, revealed one in two college graduates (specifically in Arizona) have to leave the state and to find work somewhere else because there are no enough opportunities.
Hellenic Shipping News Worldwide added that there might be another setback in terms of the economy due to Donald J. Trump being the president. He was against free-trade deals in the past and promised to impose possible tariffs on China, Mexico and other countries.
Just after Trump was elected, Chinese president Xi Jinping said in a statement that whatever happens in the United States, Beijing will be taking the lead on promoting global economic ties. The statements from the Chinese president came during a speech at the Asia-Pacific Economic Cooperation forum last year.
Moreover, Trump promised that he will withdraw from the Trans-Pacific Partnership and many countries said that it will be meaningless without the U.S. Australia, Malaysia and other nations then embraced an agreement led by China, which is known as the Regional Comprehensive Economic Partnership, which excluded the U.S.
Meanwhile, it's a given fact that tax and regulation policies will be the determining factor regarding the economy of the country. So, what do you think about the economic future of the United States in the coming years? Let us know what you think below!