US superstar economy awards those at the top, erodes opportunities for gig workers
This narrative will help Democratic contenders for the presidency such as Bernie Sanders in the primaries
As President Donald Trump keeps insisting to voters, the US economy is strong. The unemployment rate is at record lows. Wages have ticked up at the lower end of the labour market. US stocks remain near record highs.
Yet there is another reality, one that Democratic candidates fighting it out in Tuesday’s New Hampshire primary elections as well as the Super Tuesday primaries in March will be looking to exploit. Opportunities for many Americans, particularly younger people, middle-skilled employees, gig workers and minorities, have eroded in the past two decades — thanks to globalisation, technological job disruption and a superstar economy that rewards top performers far more than others. This narrative helps progressive candidate Bernie Sanders and to a lesser extent Elizabeth Warren.