The Cathedral has benefited greatly from this dynamic. People employed by Cathedral organizations have gotten more money, power, and social status over the last 40 years, while the working class has stagnated or shrunk towards poverty. Interestingly, the Cathedral has offered an out to the working class, one that has simply reinforced the dynamic of an ascendent Cathedral and a sinking middle class:
It’s worth noting, along these same lines, that every remedy that’s been offered to the wage class by the salary class has benefited the salary class at the expense of the wage class. Consider the loud claims of the last couple of decades that people left unemployed by the disappearance of wage-paying jobs could get back on board the bandwagon of prosperity by going to college and getting job training. That didn’t work out well for the people who signed up for the student loans and took the classes—getting job training, after all, isn’t particularly helpful if the jobs for which you’re being trained don’t exist, and so a great many former wage earners finished their college careers with no better job prospects than they had before, and hundreds of thousands of dollars of student loan debt burdening them into the bargain. For the banks and colleges that pushed the loans and taught the classes, though, these programs were a cash cow of impressive scale, and the people who work for banks and colleges are mostly salary class.Donald Trump ran on this issue - the resentment of the formerly middle class and now increasingly immiserated - and suddenly it looks like his enconomy is reversing the dynamic:
Blue-collar jobs are growing at their fastest rate in more than 30 years, helping fuel a hiring boom in many small towns and rural areas that are strong supporters of President Trump ahead of November's midterm elections.
Jobs in goods-producing industries — mining, construction and manufacturing — grew 3.3 percent in the year preceding July, the best rate since 1984, according to a Washington Post analysis.
Blue-collar jobs, long a small and shrinking part of the U.S. economy, are now growing at a faster clip than those in the nation's much larger service economy. Many factors collided to produce the blue-collar boom. Some are linked to short-term boom-and-bust cycles, but others may endure.
The rapid hiring in blue-collar sectors is delivering benefits to areas that turned out heavily for Trump in the 2016 election, according to the Brookings Institution, a shift from earlier in this expansion, when large and midsize cities experienced most of the gains.And this will be particularly galling to the Cathedral types:
Rural employment grew at an annualized rate of 5.1 percent in the first quarter. Smaller metro areas grew 5 percent. That's significantly larger than the 4.1 percent growth seen in large urban areas that recovered earlier from the Great Recession, according to an analysis by the Brookings Institution’s Metropolitan Policy Program of a separate set of Labor Department data released Wednesday.No wonder the Cathedral hates Trump with the fires of a thousand suns. Why would a young person go into debt (hello, Banksters!) to go to College (hello, leftie Professors and Deptartment of Education!) when he can get a good paying blue collar job? What happens to the money, power, and status for Cathedral employees when high school graduates can start making decent money in traditional blue collar professions? What happens to the Coastal Cities without a continual influx of people from the Heartland who no longer have to move to expensive and highly regulated Blue cities?
The money, power, and status enjoyed by the Cathedral is under threat by Trump's reforms. Of course they hate him.
Hat tip: Legal Insurrection.