Very few of the people who voted for US President Donald Trump in the 2020 election are plutocrats who benefited from his and congressional Republicans’ tax cut, or even wannabe plutocrats who can hope to benefit from it in the future. Some Trump voters doubtless are very focused on the installation of right-wing judges on the federal bench. But many among the 74 million who voted for Trump did so for other reasons.
The one reason most of them share, however, is that Trump presided during a period when the US economy delivered handsome wage increases for the typical American household. Before the COVID-19 pandemic – and the Trump administration’s utter failure to manage it – wages in the United States were growing faster than at any other time since Bill Clinton was president.