Bloomberg Talks Economics

Bloomberg Talks Economics

While healthcare is a significant topic in the 2020 presidential race, Democrats almost always tie their problems with the healthcare industry back to another topic: economics. The common go-to argument for Dems is that Americans simply can’t afford the healthcare they want. In their view, if Americans made more money, then this issue could, at least partially, take care of itself.

That’s where billionaire Michael Bloomberg is now making a stand. Bloomberg is using his knowledge of finance and business to create an economic plan that might kill two birds with one stone. More specifically, Bloomberg is formulating a plan to create millions of new jobs in areas that he believes were “left behind” by President Trump.

Some highlights of his plan include the following:

  • Raising the federal minimum wage to $15 per hour
  • Providing collective bargaining rights to all workers
  • Giving hundreds of thousands of Americans opportunities to enter apprenticeship programs
  • Improving access to technology in rural areas

According to his logic, Bloomberg explains the reason why he believes his plan will work:

“The reason I’m releasing this plan is one of the reasons I’m in the race: I know that our economy is working fine for people like me — and people like Donald Trump. But it is badly broken for the vast majority of Americans.”

It’s worth noting that the American economy has grown substantially under the Trump administration and unemployment is at an all-time low.

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