Why don't all jobs matter?
US President Donald Trump is still promising to bring back coal jobs. But the underlying reasons for coal employment's decline - automation, falling electricity demand, cheap natural gas, technological progress in wind and solar - won't go away.
Meanwhile, last week the Treasury Department officially (and correctly) declined to name China as a currency manipulator, making nonsense of everything Mr Trump has said about reviving manufacturing.
So will the Trump administration ever do anything substantive to bring back mining and manufacturing jobs? Probably not.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
‘Competition for talent’ a poor excuse to keep key executives’ pay under wraps
OCBC should put its properties into a Reit and distribute the trust’s units to shareholders
Why a stronger US dollar is dangerous
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access