#TBT: American Attitudes and Economic Issues
It's hard to imagine, but this time last year we were all squabbling over who would be elected president in November, and while these items were extremely polarizing, it seems that the United States has far more disagreements on core issues than any other time in modern history.
In other words, America is a divided country. On many levels.
I recently read an awesome article in Business Insider about the issues that Americans almost all agree on and some where they are VERY polarized. I'm particularly drawn to the issues that could have a detrimental impact on the economy, so below I talk about these issues and their potential impact in the near term.
One of the biggest rifts in American attitudes is the notion of economic inequality, namely around the concept of Federal Taxes and what adjustments need to happen in order to fix the problem. About four in five Americans consider taxes on corporations/wealthy as issues that concern them with the federal tax system. While at the same time, 46% of people believe they are paying the right amount of taxes now and 57% are unconcerned with the poor not paying "a fair share."Clearly people have similar feeling on taxes and tax reform, and we should hope that the dipsticks in Washington will listen to this advice from the people.
Another issue which isn't quite economically-based, but is definitely important to long-term growth is the concept of immigration. This was a central issue from the 2016 election, but it's amazing then that nearly two thirds of Americans believe that immigrants make American stronger. Despite all of chants of "build the wall" recently, it's amazing how the view of immigrant has almost completely flopped since 1994. The reason? Millennials, my friends. Millennials tend to be a lot more well-traveled than their parents and have interacted with people from other countries far more often, and can therefore see the value in diversity. I have a feeling that despite the desire to keep immigration low and illegals out, that things will balance out in time. Because like it or not, diversity IS great for the economy.
Lastly, but there are many more topics in the original article, I want to talk about Americans and "paid leave from work." The United States is one of the only developed economies that does NOT mandate paid leave for new parents. Most however, think that there should be mandated paid time off to deal with an individual sickness. American workers are not very appreciative of time off and when they need to take it are often punished for doing so. (I mean as far as I know there are countries that are just as rich if not more so than the US and yet their economies didn't fall apart when a family wanted leave to take care of a newborn baby). Americans overwhelmingly believe that paid leave should happen and it ought not be an issue for the employer.
These are some pretty important economy issues and attitudes expressed by the American people, but if you want to take a look at the full list, visit Business Insider HERE.
This article was originally published on GradMoney on August 9, 2017