One of the claims made by Trump about the benefits of his tax cut plan was that it would allow businesses to ramp up recruitment efforts and thus create tens of thousands of new positions. Clearly this would have been a perk for middle class jobseekers, had it actually come to pass.
Surprisingly enough, the stats show that growth is not any higher than it would have been if the cuts had not been implemented. Large firms are not injecting cash back into hiring new employees; they are buying back shares and shoring up their finances rather than going on spending sprees.
Another complication identified by observers is that just because there is more money floating around and a wider variety of positions to fill, it doesn’t mean that there are an adequate number of appropriately skilled workers to actually fill them.
From a practical perspective, it might have made more sense to increase spending on education and training to ensure that the American workforce was up to the task of meeting the needs of employers in the 21st century. As it stands, the rich are getting richer and the middle classes are either muddling along or having their spending power and opportunities limited.
