Positive measures of unemployment and gross domestic product (GDP), such as those repeatedly touted by the Trump administration, show the kind of strong economy that ordinarily leads voters to reward incumbents of the party in power. However, a range of other economic indicators suggest that many Americans are still struggling, indicating that voters may in fact punish those incumbents in the midterm elections.
On measures that determine whether workers’ wages are keeping up with the cost of living, there has been little improvement and even some regression since the start of 2017, when President Donald Trump took office. In contrast, the rich and corporations have done quite well, as indicators such as corporate profits and the stock market have soared.
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Senior Fellow; Senior Adviser, American Worker Project