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President-elect buy america degree Donald Trump will inherit one of the most powerful economies, and a commander-in-chief has been offered for years.
Unemployment is low. Employment growth and stability. Wages rise. In general, national economic indicators generally point to clear skies, despite Trump's election insisting that the clouds hang over the country's labor market.
Trump's message about the US economic malaise resonates with millions of people, however, partly because economic indicators are equal to the sum of their parts. For example, employment growth and wage growth in major urban centers are offset by reduced rural opportunity in the United States.
As a result, the public vote that led to the election showed that the Americans did not seem to agree on what was good or bad. Gallup's regular economic confidence index showed deep emotions into the election day, especially along the partisan line. Republicans are more likely to laugh at the trajectory of the US economy, and Democrats are more often in the recovery of the obvious light.
As a result, Democratic candidate Hillary Clinton and her supporters, including President Barack Obama, have highlighted nearly 15 million new jobs encouraged by employers in the labor market when they transitioned more than six years ago. At the last press conference last week of this year, Obama laid bare the limits of his economic legacy and how far the country was under his administration.
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However, a recent report by researchers at Princeton and Harvard University says the power of recovery is questionable, suggesting that the vast majority of new jobs created over the past decade are not necessarily stable or traditional jobs.
The founda- tion of the study was that the percentage of so-called alternative work arrangements (ie, temporary workers, stand-by workers, contractor workers, independent contractors or freelancers) rose from 10.7% in 2005 to 15.8%. Many types of work in emerging economies - such as those associated with companies such as Uber or TaskRabbit - fall into this category.
This leap is accompanied by what the authors of the report called "significant implications": 94% of net job growth seen between 2005 and 2015 appears to be within these alternative working arrangements.
The impact of this assessment is complex and raises important questions about workers' remuneration, job security, and whether these types of positions will persist for a long time.
The report shows that employment growth over the past decade has been largely due to the fact that similar jobs held by traditional employees often pay for "less-weekly" fickle jobs. New opportunities appear to be almost exclusively in the unusual work situation, effectively replacing at least some standard work effectively.
Republican presidential candidate Donald Trump speaks during the event at the Times Union Center in Albany, NY, April 11, 2016.
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"Unfortunately, we can not determine the extent to which alternative work arrangements could replace traditional work before, during or after the Great Recession, despite the potential for significant losses in traditional work during a recession." I think the Great Recession of 2007-2009 May lead to many workers seeking alternative work arrangements in the absence of traditional employment.