US President-elect Donald Trump’s campaign promise of thousands of employment opportunities for Americans seems headed into an early reality, thanks in part to two companies – Sprint and OneWeb – which plan to create a combined 8,000 jobs this year.
Sprint is the wireless provider while OneWeb is a satellite internet provider startup. Interestingly, both companies are controlled by SoftBank founder and Japanese billionaire Masayoshi Son, who openly supported Donald Trump for the US presidency during the recent presidential elections.
Accordingly, Sprint will be moving 5,000 jobs to American shores while OneWeb is reported to create 3,000 new jobs. Reports have it that it was the businessman in Trump, who brokered the job opportunity deal, reports the New York Post.
Keeping jobs in the US
The news from Sprint and OneWeb came just a couple of weeks after Carrier reconsidered its decision to keep 1,100 jobs in its Indiana plant that were supposed to be moved to Mexico. Reports have it that it was also Trump who negotiated with Carrier to reconsider its decision.
Despite these seeming job prospects under the administration of incoming US President Donald Trump, critics are still taking potshots at him by claiming that outgoing US President Barack Obama created 180,000 jobs a month during his term.
While that assessment may be true in some way, but 94% of the jobs created during the time of Obama were not full-time jobs with benefits. They were typically part-time, lower-paying jobs, mostly without benefits.
Americans have to actually take two or three of those kinds of jobs to make ends meet and sustain their livelihood.
This assumption was validated by Alan Bennett Krueger, who chaired Obama’s Council of Economic Advisers. The commission found out that 94% of the net employment growth in the US economy from 2006 to 2015 appears to have occurred in alternative work arrangements.
In short, only 6% or about 10,800 jobs a month were bonafide full-time work with benefits that were created during the time of Obama, which is still a remarkable figure, though not as impressive as claiming 180,000 jobs per month generation rate.
But some critics believe that Trump is almost there in the figure of 10,800 but he is not even President of the US yet which means that he could still surpass the employment figures recorded during the two four-year terms of Obama.
Many believe that real, sustainable jobs are what are needed to strengthen the US economy. Just as important as creating the jobs is the message from Trump that no chance to create such opportunities for American workers will be too small for him to pick up the phone and apply some pressure or negotiate a deal.
Working on his inaugural speech
Meanwhile, Trump has privately told several visitors to his winter retreat in Florida that he is writing the first draft of his inaugural speech and is looking to former US Presidents Ronald Reagan and John F. Kennedy for inspiration, according to three sources from his camp.
Trump said that Reagan’s style and Kennedy’s articulation of grand national ambitions are central to how he thinks through his own speech, which will be delivered on January 20, notes The Sydney Morning Herald.
And while Trump is working closely with Stephen Miller, his aide, and speechwriter, on the text, he confided that in recent days he has become more personally involved in the writing process.
A person familiar with Trump’s comments said that the incoming US President is enamored with Reagan’s confident style and how he connected with the country.
Accordingly, Trump went on and on about Reagan and how much he admires him. But it wasn’t all about Reagan. He spoke also about Kennedy and how he was able to get the country motivated, to go to the moon.
Trump is thinking about both men as he starts to write the speech, which is something he’s now taking the lead on, notes the insider.