Tax Reform: The Good, the Bad, and the Really Ugly – Part Four

JohnMauldin2 2John Mauldin dedicates this article to analysing trends in the US jobs market and the possible impact of lowering corporate taxes. Unlike President Donald Trump,he contends that no amount of tax reduction will 'get jobs back' from China and Mexico, as 80% of manufacturing jobs have not been lost to globalisation but to increased automation.

He writes that the shrinking workforce participation is not a recent trend and has been happening since the '60s. He writes that it seems that with every major technological advance, a certain portion of the working population doesn't find a way forward to take advantage of the next set of opportunities.