New York, NY, January 25, 2017 --(PR.com
)-- Faculty Row
announces the results of a poll of its members indicating that few believe incoming President Trump’s policies will help the American economy.
Following up on its 2013 poll which asked over 50,000 professors to rate the US economy, Faculty Row, in conjunction with Political Science, and Election Expert, Professor David A. Schultz of Hamline University - recently asked professors to rate the US economy on a scale of 1-10, with a rating of "1" indicating that the economy is the worst that it has ever been and "10" being the best. Faculty Row also asked professors to evaluate whether they thought Donald Trump’s policies would help the American economy and offer any sort of economic advice to Trump.
According to Schultz, “Professors in the Faculty Row survey generally give the US economy mixed reviews. While it has many strengths, there are structural problems including economic inequalities and tax policy issues that need to be addressed. Many of the professors are skeptical about Trump’s policies but see potential in his call for more infrastructure investment.”
According to Jeffrey C. Finder, Founder of Faculty Row, “The US Economy has some major hurdles ahead that go well beyond the sourcing of jobs outside of the US. Technology is continually bypassing human labor in almost every industry. This is a fundamental problem that will be difficult to solve no matter which people or policies are implemented. Donald Trump is an astute business man, however not every problem has a solution.”
Professors with expertise in various disciplines, including political science, ethics, finance, social studies, history, and economics took part in the survey. The numerical average amassed from 25 sampled professors, across various disciplines produced a rating of ‘5’ out of 10 regarding the current state of the US economy.
Comments from Faculty Row professors express concern regarding Trump’s anti-free trade proposals and calls for more protectionism. They urge him to invest more in infrastructure and medical research. Some also express worry that Trump’s business holdings might pose conflicts of interest that will hurt or impede economic reforms that benefit the US economy. Many professors surveyed suggest that Trump should divest all of his assets and create a blind trust.
Here are some of Faculty Row’s educators’ responses from the survey:
NYU Professor Joel Rogers of the Tandon School of Engineering believes that the US economy is mediocre and rates it as a "5" on a scale of 1-10. Professor Rogers’ advice to the Trump Administration is to make reforming our current education system a priority if we want to remain competitive with most advanced countries. “In my experience, teaching mathematics, students at all levels need to learn how to Think. In mathematics, rote learning is the rule, from kindergarten through graduate school. We pay lip service to teaching how to analyze and solve problems, but it is only lip service, usually a device to get contracts to talk about the problem.”
USC Professor of Medicine, Laurie DeLeve, believes that the US economy is “currently a ‘9’ on a scale of 1-10, but is a ‘6’ in regards to income inequality.” Professor DeLeve believes that Trump’s proposals will hurt the economy.
Both Professor of Political Science from Purdue, James Lutz, and Professor Linda Zatlin of Morehouse College believe that the US economy is currently at an "8" on a scale of 1-10. They believe that Trump’s policies will hurt the US economy and suggest that Trump maintain free trade.
Professor Russell Bailey of Providence College rates the US economy as a ‘6’ and believes that Trump’s proposals will hurt the economy. Professor Bailey suggests that we must, “Emphasize globalization and relatively free trade, and build intercontinental, interregional, international trade agreements and partnerships, including progressive immigration opportunities.”
Professor Mike Shipman of Pennsylvania College of Technology rates the current US economy as a ‘6’ and states that Trump’s proposals, “If similar to Reagan, as Trump has alluded, will result in a short-term boom to an already rising economy. Inflation and income growth will occur, and everyone will do better in the short-term, but the wealthy will reap more benefits than the middle and lower classes.”
Professor Shipman advice to Trump in terms of helping the US economy essentially involves staying out of it. “To best help the U.S. economy, I think the Trump administration should get out of its own way and try not to do too much. The economy is fixing itself. Want to cut taxes? Okay, but don’t do it for the rich, because they don’t need the cuts. Want to simplify the tax code? Great, but don’t extend a 'repatriation holiday' because Bush proved it doesn’t result in increased investment in U.S. manufacturing. Want to deregulate industries? A little can be okay, but don’t overdo it. It’s called moderation, smaller government, less interference, and only getting involved in areas where your expertise is needed.”
While a majority of Faculty Row’s professors surveyed believe that Trump’s proposed policies will hurt the US economy, a few professors believe that Trump’s proposals would be beneficial to the US economy. Michael Busler, a professor of finance at Stockton University, rates the current US economy as a "3" and states, “Trump’s cut on taxes for all Americans including the wealthy will increase demand from the middle class and provide investment capital for growth from higher income earners.”
Professor Canovatchel of Champlain College also believes that Trump’s proposals will help the US economy. Professor Canovatchel rates the US economy as a "5" and further suggests, “We need to increase manufacturing jobs, make the Chinese accountable for their economic policies, reign in unproductive spending, and implement tax cuts for the middle class.”
Distinguished Professor of Economics, Robert Wright of Augustana University, rates the US economy as a "3" and believes that Trump’s policies will further hurt the economy. However, Professor Wright states that, “We need more economic freedom. That means lower taxes, much less regulation, and much less uncertainty about future policies across the board, from education to health care to income security.”
At a time when predictions on the US economy are running freely amidst a transfer of power between two presidential administrations, the 25 professors are split between high hopes, reservations, and indications of a long road ahead for the incoming Trump Administration.
Faculty Row is a Private Network originally developed for educators and researchers to connect, collaborate, and share ideas nationally. Faculty Row is now the leading network of experts for over 100,000 academics globally. Faculty Row's core goal consists of shining light on academic intelligence. For more information, visit our website: www.FacultyRow.com
Contact Kira Narine