• President Trump’s Non-Standard Workforce

    President Trump’s New Economy Challenge (Part 7 of 20).   The Department of Labor Bureau of Labor Statistics (BLS) defines the contingent workforce as the portion of the labor force that has “nonstandard work arrangements” or those without “permanent jobs with a traditional employer-employee relationship.”  The ever growing non-standard contingent workforce will consist of over 50% of the U.S. labor force overcoming today’s standard full-time workforce during the next decade.  From a Jobenomics perspective, the contingent workforce issue should be the ...
  • President Trump’s Gig Workforce

    President Trump’s New Economy Challenge (Part 6 of 20).   The Trump/Pence Campaign website page entitled, “Donald J. President Trump’s Vision on Economy” listed fifteen key issues affecting the U.S. economy.  One major issue that was not listed is the Gig/Contingent Workforce Economy that is one of the largest and least understood elements of the U.S. economy.   Today, 40% of all American workers do not have “standard workforce agreements” and make their living on a combination of part-time (a gig) ...
  • Why Work Anymore?

    President Trump’s New Economy Challenge (Part 5 of 20).  Capable adults who are neither employed nor unemployed are not in the labor force.  Those who have no job and are no longer looking for a job are counted by the Department of Labor in the Not-in-Labor-Force category.  From January 2000 to January 2017, the Not-in-Labor-Force cadre grew from 68,655,000 to 95,102,000, an increase of 26.4 million citizens who more often than not become dependent on public/familial assistance.  Today, the number ...
  • President Trump’s Small Business Plan?

    President Trump’s New Economy Challenge (Part 4 of 20).    The only way that President Trump will be able to create 25 million new jobs over the next decade is to mass-produce startup (aka small) businesses.  President Trump’s proposed tax and regulatory reductions will provide a welcome relief to small business owners who employ 78% of all Americans and created 74% of all net new jobs this decade.  However, much more should be done to mass-produce, highly-scalable small businesses, promote small ...
  • The Nexus between Jobs and GDP

    President Trump’s New Economy Challenge (Part 3 of 20).   President Trump’s vision of a “dynamic and booming economy” is one that can produce a GDP growth rate of “4% over the next decade”.  President Trump’s Cabinet has many capable business and financial executives who can make his vision a reality.  This reality ultimately depends on mass-producing business, especially small business, creation in order to generate 25 million net new jobs.  Sclerotic (0% to 2%) or recessive (negative) GDP rates depreciate a ...
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