Group items matching

in title, tags, annotations or url

China’s drop was much much bigger; the Japan of the 80s was never the export machine people believed it to be. Both countries turned to investment in real estate and infrastructure as a replacement growth driver — although again, China did this much more than Japan did. Essentially, China did all the the things we typically think of Japan as having done 25 years earlier, but much more than Japan actually did them.

Yes, for those who were wondering, this does look a little bit like what happened to Japan in the 1990s

Already the country is not growing much faster than the G7, and as the ongoing real estate bust weighs on the economy, even that small difference may now be gone. The country’s surging auto industry is a bright spot, but won’t be big enough to rescue the economy from the evaporation of its primary growth driver.

Even if it manages to climb up to 40%, that’s still a fairly disappointing result — South Korea is at 71% and Japan at 65%

a re-acceleration would require a massive burst of productivity growth, which just seems unlikely.

That means China’s catch-up growth only took it to 30% of U.S. per capita GDP (PPP)

There’s one main argument that people make for a quick Chinese decline: rapid aging. But while I don’t want to wave this away, I don’t think it’s going to be as big a deal as many believe

This is another example of China’s peak being both awe-inspiring and strangely disappointing at the same time.

Now that China has hit its peak, will it decline? And if so, how much and how fast?

it seems likely that China’s growth will now slow to developed-country levels, or slightly higher, without much prospect for a sustained re-acceleration

when people contemplate Chinese decline, they’re not asking whether its economy will shrink; they’re asking whether its relative economic dominance and geopolitical importance will decrease.

If we just casually pattern-match on history, the answer would probably be “not for a long time”. Most powerful countries seem to peak and then plateau. Britain ruled the waves for a century.

U.S. relative power and economic dominance peaked in the 1950s, but it didn’t really start declining until the 2000s

Japan and Germany had their military power smashed in WW2, but remained economic heavyweights for many decades afterwards.

When the Roman Empire declined, it got a lot poorer. But in the modern economy, countries that decline in relative terms, and in geopolitical power, often get richer

he total fertility rate has been low since even before the one-child policy was implemented, but recently it has taken a nose-dive. Two years ago, the UN put it at 1.16, which is 40% lower than the U.S. and 22% lower than Europe

The country’s total population only started shrinking this year, but its young population started falling sharply 20 years ago, due to the echo of low fertility in the 80s. The most common age for a Chinese person is now about 50 years old, with another peak at 35:

The first reason is that power is relative, and China’s rivals have demographic issues of their own. The U.S., Europe, India and Japan all have higher fertility than China, but still below replacement level

demographics aren’t actually going to force Chinese power or wealth into rapid decline over the next few decades.

third of all, evidence suggests that population aging is really more of a persistent drag than a crisis or disaster.

Second, demographics won’t take away China’s biggest economic advantage, which is clustering and agglomeration effects. Asia is the world’s electronics manufacturing hub. It’s also by far the most populous region in the world, giving it the biggest potential market size

China will act as a key hub for that region, in terms of trade, supply chains, investment, and so on. China is shrinking, but Asia is not

As a result, there are suddenly many fewer Chinese people able to bear children, which is why the actual number of births in China has fallen by almost half since 2016:

we’d find that every percentage point of the senior population share that China gains relative to other countries might reduce its relative economic performance by about 1.15%. That’s not a huge number.

Now, if we look at the research, we find some estimates that are much larger than this — for example, Ozimek et al. (2018) look at specific industries and specific U.S. states, and find an effect on productivity that’s three times as large as the total effect on growth that I just eyeballed above. Maestas et al. (2022) look at U.S. states, and also find a larger effect. But Acemoglu and Restrepo (2017) look across countries and find no effect at all.

On top of that, there are plenty of things a country can do to mitigate the effects of aging. One is automation. China is automating at breakneck speed,

A second is having old people work longer; China, which now has higher life expectancy than the U.S., is well-positioned to do this.

Finally, aging will prompt China to do something it really needs to do anyway: build a world class health care system

this would help rectify the internal imbalances that Michael Pettis always talks about, shifting output from low-productivity real estate investment toward consumption.

if not aging, the only other big dangers to China are war and climate change.

To realize its full potential, Altasia will need integration — it will need some way to get Japanese and Korean and Taiwanese investment and technology to the vast labor forces of India, Indonesia, and the rest

the most likely outcome is that China sits at or near its current peak of wealth, power and importance through the middle of this century at least.

Altasia has more people and arguably more technical expertise than China. And it’s the only alternative location for the Asian electronics supercluster.

War was the big mistake that Germany made a century ago, so let’s hope China doesn’t follow in its footsteps.

The story of whether and how that complex web of investment, tech transfer, and trade develops will be the next great story of globalization.

But I think the very complexity of Altasia will lead to its own sort of adventure and excitement.

for Western companies looking for new markets, Altasia will potentially be more exciting than China ever was. The Chinese market delivered riches to some, but the government banned some products (especially internet services) and stole the technology used to make others. Ultimately, China’s billion consumers turned out to be a mirage for many. The economies and societies of Altasia, in comparison, are much more open to foreign products.

On Tuesday China’s government also announced the GDP had grown 3% in 2022. That figure would mark one of the slowest periods of growth in decades, but was still higher than predicted, prompting some scepticism among analysts given the incredibly stringent zero-Covid restrictions in place during the fourth quarter.

Yi Fuxian, an obstetrics and gynaecology researcher at the University of Wisconsin-Madison and expert on China’s population changes, said the decline in population was occurring almost a decade earlier than the country’s government and the United Nations had projected.

“Meaning that China’s real demographic crisis is beyond imagination and that all of China’s past economic, social, defence, and foreign policies were based on faulty demographic data,” Yi said on Twitter

“China’s demographic and economic outlook is much bleaker than expected. China will have to undergo a strategic contraction and adjust its social, economic, defence, and foreign policies. China will improve relations with the West.”

Since coming to power in 2019, Bukele has declared a still-to-be-rescinded state of exception, suspended the Salvadorean constitution, and locked up some 70,000 alleged gang members without due process.

Western critics, though, point to allegations that he has corrupted institutions by packing them with allies, not to mention, according to Amnesty International, “concealed and distorted public information, backed actions to undermine civic space, militarised public security, and used mass arrests and imprisonment as the sole strategies for counteracting violence in the country”.

yet, Bukele’s strongman tactics have made him wildly popular with Salvadoreans, who doubtless enjoy a reported 70% reduction in the country’s previously extremely high murder rate. They have also made Bukele a rock star for the online Right. This group, fond of complaining about spineless leaders, fraying Western law and order, and the bleeding-away of political agency into international institutions and NGOs, regards the spectacle of a strongman leader with good social media game as something like a fantasy made flesh.

Arguably, it’s as much his embrace of technology that accords Bukele the mantle of poster-boy for a futuristic Right. Whether in his extremely online presence, his (admittedly not completely successful) embrace of Bitcoin as legal tender, or the high-tech, recently rebuilt National Library, funded by Beijing and serving more as showcase for futuristic technologies than as reading-room

This trait also makes him a touchstone for the Right-wing movement that I predict will replace “conservatism” in the 21st century. This outlook owes more to the Italian Futurist Filippo Marinetti than conservatives of the G.K. Chesterton variety

is perhaps most visibly embodied in American technologists such as Elon Musk, Mark Andreessen or Peter Thiel. As a worldview, it is broadly pro-capitalist, enthusiastically pro-technology and unabashedly hierarchical, as well as sometimes also scornful of Christian-inflected concern for the weak.

We might call it, rudely, “space fascism”, though N.S. Lyons’s formulation “Right-wing progressivism” is probably more accurate. Among its adherents, high-tech authoritarianism is a feature, not a bug, and egalitarianism is for fools. Thinkers such as Curtis Yarvin propose an explicitly neo-monarchical model for governance; Thiel has declared that: “I no longer believe freedom and democracy are compatible.”

El Salvador is thus the most legible real-world instance of something like a Right-wing progressive programme in practice. And along with the tech enthusiasm and public-order toughness, the third distinctive feature of this programme can be gleaned: a desire not to end international migration, but to restrict it to elites.

For Right-wing progressives, polities are not necessarily premised on ethnic or cultural homogeneity — at least not for elites. Rather, this is a vision of statehood less based on affinity, history or even ethnicity, and more on a kind of opt-in, utility-maximisation model

As for those still wedded to the 20th-century idea that being Right-wing necessarily means ethnicity-based nationalism, they are likely to find this outlook bewildering.

Right-wing progressives generally accord greater political value to gifted, high-productivity foreigners than any slow-witted, unproductive coethnic: those within Right-wing progressive circles propose, and in some cases are already working on, opt-in startup cities and “network states” that would be, by definition, highly selective about membership.

As a worldview, it’s jarring to cultural conservatives, who generally value thick ties of shared history and affinity

Yet it’s still more heretical to egalitarian progressives, for whom making migration and belonging an elite privilege offends every premise of inclusion and social justice.

Right-wing progressives, by contrast, propose to learn from the immigration policies of polities such as Singapore and the Gulf states, and avert the political challenges posed by ethnic voting blocs by imposing tiered citizenship for low-skilled migrants, while courting the wealth and productivity of international elites

Bukele’s proposal suggests a pragmatic two-tier Right-wing progressive migration policy that courts rich, productive, geographically rootless international “Anywheres” of the kind long understood to have more affinity with one another than with less wealthy and more rooted “Somewheres” — but to do so while explicitly protecting cultural homogeneity on behalf of the less-mobile masses.

There are larger structural reasons for such pragmatism, not least that population growth is slowing or going into reverse across most of the planet.

At the same time, impelled by easier transportation, climate change, social-media promises of better lives elsewhere, and countless other reasons, people everywhere are on the move. As such, like a global game of musical chairs, a battle is now on for who ends up where, once the music stops — and on what terms.

How do you choose who is invited? And how do you keep unwanted demographics out? Within an egalitarian progressive framework, these are simply not questions that one may ask

Within the older, cultural conservative framework, meanwhile, all or most migration is viewed with suspicion.

The Right-wing progressive framework, by contrast, is upbeat about migration — provided it’s as discerning as possible, ideally granting rights only to elite incomers and filtering others aggressively by demographics, for example an assessment of the statistical likeliho

od of committing crime or making a net economic contribution.

In Britain, meanwhile, whatever happens to the Tories, I suspect we’ll see more of the Right-wing progressives. I find many of their policies unnerving, especially on the biotech side; but theirs is a political subculture with optimism and a story about the future, two traits that go a long way in politics.

It’s more time than people spend reading (19 minutes); participating in sports or exercise (17 minutes); or social events (four minutes). It’s almost as much time as people spend eating and drinking (1.07 hours).

the average time people spend on Facebook has gone up — from around 40 minutes in 2014 — even as the number of monthly active users has surged. And that’s just the average. Some users must be spending many hours a day on the site,

time has become the holy grail of digital media.

Time is the best measure of engagement, and engagement correlates with advertising effectiveness. Time also increases the supply of impressions that Facebook can sell, which brings in more revenue (a 52 percent increase last quarter to $5.4 billion).

And time enables Facebook to learn more about its users — their habits and interests — and thus better target its ads. The result is a powerful network effect that competitors will be hard pressed to match.

the only one that comes close is Alphabet’s YouTube, where users spent an average of 17 minutes a day on the site. That’s less than half the 35 minutes a day users spent on Facebook

Users spent an average of nine minutes on all of Yahoo’s sites, two minutes on LinkedIn and just one minute on Twitter

People spending the most time on Facebook also tend to fall into the prized 18-to-34 demographic sought by advertisers.

“You hear a narrative that young people are fleeing Facebook. The data show that’s just not true. Younger users have a wider appetite for social media, and they spend a lot of time on multiple networks. But they spend more time on Facebook by a wide margin.”

What aren’t Facebook users doing during the 50 minutes they spend there? Is it possibly interfering with work (and productivity), or, in the case of young people, studying and reading?

While the Bureau of Labor Statistics surveys nearly every conceivable time-occupying activity (even fencing and spelunking), it doesn’t specifically tally the time spent on social media, both because the activity may have multiple purposes — both work and leisure — and because people often do it at the same time they are ostensibly engaged in other activities

The closest category would be “computer use for leisure,” which has grown from eight minutes in 2006, when the bureau began collecting the data, to 14 minutes in 2014, the most recent survey. Or perhaps it would be “socializing and communicating with others,” which slipped from 40 minutes to 38 minutes.

But time spent on most leisure activities hasn’t changed much in those eight years of the bureau’s surveys. Time spent reading dropped from an average of 22 minutes to 19 minutes. Watching television and movies increased from 2.57 hours to 2.8. Average time spent working declined from 3.4 hours to 3.25. (Those hours seem low because much of the population, which includes both young people and the elderly, does not work.)

The bureau’s numbers, since they cover the entire population, may be too broad to capture important shifts among important demographic groups

ComScore reported that television viewing (both live and recorded) dropped 2 percent last year, and it said younger viewers in particular are abandoning traditional live television. People ages 18-34 spent just 47 percent of their viewing time on television screens, and 40 percent on mobile devices.

Among those 55 and older, 70 percent of their viewing time was on television, according to comScore. So among young people, much social media time may be coming at the expense of traditional television.

comScore’s data suggests that people are spending on average just six to seven minutes a day using social media on their work computers. “I don’t think Facebook is displacing other activity,” he said. “People use it during downtime during the course of their day, in the elevator, or while commuting, or waiting.

Facebook, naturally, is busy cooking up ways to get us to spend even more time on the platform

A crucial initiative is improving its News Feed, tailoring it more precisely to the needs and interests of its users, based on how long people spend reading particular posts. For people who demonstrate a preference for video, more video will appear near the top of their news feed. The more time people spend on Facebook, the more data they will generate about themselves, and the better the company will get at the task.

Pew defines middle-income households here as those making between two-thirds and twice the national median household income. For a three-person household in 2014, that means an income between about $42,000 and $125,000.

The fact that median incomes have declined over this same time frame also means that the bar to get into the middle class is actually lower now than it was in 2000. Pew's metro-level data are also adjusted for household size and local cost of living.

as the middle class has been shrinking, median incomes have fallen, too. In 190 of these 229 metros, the median income dropped over this same time.

in other places, the shrinking middle class is actually a sign of economic gains, as more people who were once middle class have joined the ranks at the top. This has been the case in booming energy hubs like Midland, Texas.

In the Washington, D.C. metropolitan area, the share of adults living in lower-income households has actually held steady over this time. The households disappearing from the middle-class, rather, are reflected in the growing numbers at the top

In total, 172 of these 229 metros saw a growing share of households in the upper-income tier. About as many — 160 — saw a growing share at the bottom. And 108 experienced both: The middle class shrank as the ranks of both the poor and the rich grew.

The data implies that demographic shifts played a somewhat smaller role in Mr. Obama’s re-election than the postelection narrative suggested. Even if the electorate were as old and as white as it was in 2004, Mr. Obama would have won, because of the gains he made among white voters in states like New Mexico, Colorado and Iowa.

All of this is good news for a Republican who intends to win with greater strength among white working-class voters, like Mr. Trump.

The best case for Mr. Trump is that white Northerners reluctantly backed Mr. Obama because Mr. Romney was successfully caricatured as a rapacious plutocrat.

Yet it’s hard to argue that the attacks on Bain Capital were responsible for Mr. Obama’s gains among young and college-educated white voters. These voters moved decisively in Mr. Obama’s direction, perhaps in part because of cultural issues. If that’s right, Mr. Trump will be hard pressed to reverse Mr. Obama’s gains — and there’s plenty of evidence he could slip further.

According to data from L2, a nonpartisan voter file vendor, the missing white voters were far more likely to be registered Democrats, or to have participated in Democratic primaries, than the white voters who actually did turn out.

Even if the missing white voters were disproportionately Republican, a return to previous turnout levels wouldn’t have been anywhere near enough to get Mr. Romney over the top. There were far fewer missing white voters in the battleground states than there were nationally. There weren’t close to enough of them to flip the outcome in key states.

The real pool of missing white voters are those who haven’t participated in any recent election, or aren’t even registered to vote. There are millions of these missing white voters — but they will be much harder to mobilize. Many are young, and might not be especially favorable to Mr. Trump. The older ones are true bystanders in American politics.

If Mr. Trump lost five points among well-educated white voters and Hispanics, which is how he’s doing in current polls, his target for white working-class voters would quickly skyrocket. In a battleground state like Colorado, for example, he would need to gain 15 percentage points more of the white working class

Republican fathers report spending less time with their children and delegating more of the responsibility of child-rearing to their wives than Democratic fathers do. Republican fathers also embrace a more authoritarian view of parenting than Democratic men: They are more likely to emphasize obedience and good manners in their children over curiosity and self-reliance

Both Republican and Democratic dads admit that their wives take on the majority of the responsibility for raising children

Democratic fathers see themselves as parenting in a manner much closer to the shared child-care model, in which each spouse handles roughly half of the child-rearing responsibilities. Still, Democratic dads give themselves significantly lower marks as parents than Republican fathers. They are also more likely than Republican dads to report feeling that balancing work and family is very difficult.

the contrasts between Republican and Democratic fathers are rooted in their markedly different expectations about family life, which are in turn reinforced by the parties with which they identify.

during the 1950s and 1960s — a time many consider the heyday of the American family — the major parties and their standard-bearers did not say much about parenthood and the family.

In more recent years, however, the parties have politicized parenthood, and they have split over what the family should look like and what pro-family politics entails. The Republican Party has come to champion the traditional family and defend the value of stay-at-home mothers, while the Democratic Party has promoted policies, such as more affordable child care and paid family leave, that help mothers remain in the workforce, and it has emphasized the need for gender equality in the public and private spheres.

These contrasting views on family are endorsed by and reflected in parents of both parties.

Republican dads may feel less torn by efforts to try to balance work and family. By working, and by instilling the values of obedience and respect, they see themselves as good fathers.

Democratic dads possess more egalitarian — and less authoritarian — attitudes about parenting

hey are doing more of the diaper changing, bedtime-story reading and carpooling than their Republican counterparts, but they still don’t feel that they are spending as much time with their kids as they would like. When Democratic dads are asked how much they struggle with work-family balance, their answers sound more like what working moms say in response to those questions.

The Republican coalition of 2016, in fact, will look increasingly like the Democratic Party of the 1930s.

A Trump versus Clinton contest will deepen the partisan divisions that for the past five decades have set those who support the social and cultural revolutions of the past five decades on race, immigration, women’s rights, gender equality and gay rights — as well as the broader right to sexual privacy — against those who remain in opposition.

Tesler’s findings are illustrated in the accompanying chart. There was a dose effect: the higher you scored on racial resentment, the more likely you were to support Trump; the more you resented immigrants or professed your white ethnocentrism, the likelier you were to plan to vote for Trump.

Tesler and Sides ranked white respondents by their level of “white racial identity” — determined by asking white respondents questions like “How Important is being white to your identity?”; “How important is it that whites work together to change laws that are unfair to whites?”; and “How likely is it that many whites are unable to find a job because employers are hiring minorities instead?”

In each case, Trump’s level of support in the survey rose in direct proportion to your level of agreement with each of these statements.

“The Second Demographic Transition: A concise overview of its development,” by Lesthaeghe, summarizes this concept:The SDT starts in the 1960s with a series of multifaceted revolutions. First, there was the contraceptive revolution, with the introduction of hormonal contraception and far more efficient IUDs; second, there was the sexual revolution, with declining ages at first sexual intercourse; and third, there was the gender revolution, questioning the sole breadwinner household model and the gendered division of labor that accompanied it.

These revolutions have reordered much of society. Lesthaeghe continues:These three "revolutions” fit within the framework of an overall rejection of authority, the assertion of individual freedom of choice (autonomy), and an overhaul of the normative structure. The overall outcome of these shifts with respect to fertility was the postponement of childbearing: mean ages at first parenthood rise again, opportunities for childbearing are lost due to higher divorce rates, the share of childless ever-partnered women increases, and higher parity births (four or more) become rare.

Measured by these criteria, the top-ranked counties were cosmopolitan centers, with a larger percentage of affluent, highly educated residents: New York City, the District of Columbia, Pitkin County, Colo. (where Aspen is), San Francisco and Marin County, Calif

The counties at the bottom tended to be small, white, rural, poor and less educated and they were located in the South and the mountain West:

the lower the S.D.T. ranking, the higher Trump’s votes compared to his statewide average; the higher the S.D.T. level, the lower Trump’s vote

The nomination of Donald Trump will sharpen and deepen the Republican Party’s core problems. Trump gains the party ground among declining segments of the population — less well educated, less well off whites — and loses ground with the growing constituencies: single women, well-educated men and women, minorities, the affluent and professionals.

Not only are more and more Americans adopting the practices and values described by Lesthaeghe and Neidert — self-expressiveness, gender equality, cohabitation, same-sex couples, postponed marriage and childbearing — but so too is much of the developed world.

This transition has effectively become the norm in much of Europe, and, as Lesthaeghe points out, it is gaining ground in regions as diverse as East Asia and Latin America.

For decades now, the Republican Party has been conducting a racial and cultural counterrevolution. It proved a successful strategy from 1966 to 1992.

Since then, as the percentage of Americans on the liberal side of the culture wars has grown steadily, the counterrevolutionary approach has become more and more divisive.

In this respect, Trump is not, as many charge, violating core Republican tenets. Instead, he represents the culmination of the rear-guard action that has characterized the party for decades

There is a chance that Trump will bring new blood into a revitalized Republican coalition. It’s also possible that he will accelerate the Republican Party’s downward spiral into irrelevance.

But regardless of industry, the families investing the most in presidential politics overwhelmingly lean right, contributing tens of millions of dollars to support Republican candidates who have pledged to pare regulations; cut taxes on income, capital gains and inheritances; and shrink entitlement programs.

In marshaling their financial resources chiefly behind Republican candidates, the donors are also serving as a kind of financial check on demographic forces that have been nudging the electorate toward support for the Democratic Party and its economic policies. Two-thirds of Americans support higher taxes on those earning $1 million or more a year, according to a June New York Times/CBS News poll, while six in 10 favor more government intervention to reduce the gap between the rich and the poor. According to the Pew Research Center, nearly seven in 10 favor preserving Social Security and Medicare benefits as they are.

“The campaign finance system is now a countervailing force to the way the actual voters of the country are evolving and the policies they want,” said Ruy Teixeira, a political and demographic expert at the left-leaning Center for American Progress.

Most of the families are clustered around just nine cities. Many are neighbors, living near one another in neighborhoods like Bel Air and Brentwood in Los Angeles; River Oaks, a Houston community popular with energy executives; or Indian Creek Village, a private island near Miami that has a private security force and just 35 homes lining an 18-hole golf course.

More than 50 members of these families have made the Forbes 400 list of the country’s top billionaires, marking a scale of wealth against which even a million-dollar political contribution can seem relatively small. The Chicago hedge fund billionaire Kenneth C. Griffin, for example, earns about $68.5 million a month after taxes, according to court filings made by his wife in their divorce. He has given a total of $300,000 to groups backing Republican presidential candidates. That is a huge sum on its face, yet is the equivalent of only $21.17 for a typical American household, according to Congressional Budget Office data on after-tax income.

The donor families’ wealth reflects, in part, the vast growth of the financial-services sector and the boom in oil and gas, which have helped transform the American economy in recent decades. They are also the beneficiaries of political and economic forces that are driving widening inequality: As the share of national wealth and income going to the middle class has shrunk, these families are among those whose share has grown.

The accumulation of wealth has been particularly rapid at the elite levels of Wall Street, where financiers who once managed other people’s capital now, increasingly, own it themselves. Since 1979, according to one study, the one-tenth of 1 percent of American taxpayers who work in finance have roughly quintupled their share of the country’s income. Sixty-four of the families made their wealth in finance, the largest single faction among the super-donors of 2016.

instead of working their way up to the executive suite at Goldman Sachs or Exxon, most of these donors set out on their own, establishing privately held firms controlled individually or with partners. In finance, they started hedge funds, or formed private equity and venture capital firms, benefiting from favorable tax treatment of debt and capital gains, and more recently from a rising stock market and low interest rates

In energy, some were latter-day wildcatters, early to capitalize on the new drilling technologies and high energy prices that made it economical to exploit shale formations in North Dakota, Ohio, Pennsylvania and Texas. Others made fortunes supplying those wildcatters with pipelines, trucks and equipment for “fracking.”

The families who give do so, to some extent, because of personal, regional and professional ties to the candidates. Jeb Bush’s father made money in the oil business, while Mr. Bush himself earned millions of dollars on Wall Street. Some of the candidates most popular among ultrawealthy donors have also served in elected office in Florida and Texas, two states that are home to many of the affluent families on the list.

the giving, more broadly, reflects the political stakes this year for the families and businesses that have moved most aggressively to take advantage of Citizens United, particularly in the energy and finance industries.

The Obama administration, Democrats in Congress and even Mr. Bush have argued for tax and regulatory shifts that could subject many venture capital and private equity firms to higher levels of corporate or investment taxation. Hedge funds, which historically were lightly regulated, are bound by new rules with the Dodd-Frank regulations, which several Republican candidates have pledged to roll back and which Mrs. Clinton has pledged to defend.

And while the shale boom has generated new fortunes, it has also produced a glut of oil that is now driving down prices. Most in the industry favor lifting the 40-year-old ban on exporting oi

The struggle within the Republican Party right now centers on those who, figuratively speaking, want to rebuild the village and those who want to burn it down, those who want to fight irresistible demographic changes and those who want to responsibly embrace them, those who think they can win over new Americans and those who want to turn them away

The share of Chinese who were educated rose sharply. University graduates are now about 8.9 out of 100 citizens,

The population aged markedly: the share of Chinese under age 15 dropped 6.3 percent, while that of those over 60 rose by 2.93 percent. That presages a shrinking labor market, which economists predict will increase pressure for higher wages and divert a gusher of government money into pensions, medical care and other services for the elderly.

This method assumes that mobilization is more important than persuasion; that it is more important to target your likely supporters than to try to reframe debates or persuade the whole country.

Obviously demography matters a lot. But, at heart, politics is a personal enterprise. Voters are looking for quality of leadership, character, vision and solidarity that defies quantification. Candidates like Daniel Patrick Moynihan or Jerry Brown can arouse great loyalty in ways that are impossible to predict.

Another victim was President Obama. His 2012 campaign was legendary from an analytic point of view, and, of course, it was victorious. But it lacked a policy agenda and produced no mandate. Without a compelling agenda, the administration has projected an image of reactive drift and lost public confidence.

other victims include the Democratic senators in red states. Winning in a state that the other party dominates is a personal enterprise. It requires an ineffable individual connection with voters. It requires an idiosyncratic approach to issues. By eclipsing individual quirks with generic messages, the data-driven style deprives outnumbered candidates of precisely what they need to survive.

It puts the spotlight on slight differences across the socio-economic spectrum and takes the spotlight off the power of events to reframe the whole mood and landscape.

In the midst of this scuffling economy, voters are thinking as Americans and not as members of a niche. They’re asking: What can be done to kick-start America? They’re not asking: How can I guarantee affordable contraception?

The more you look at political history, the more you see that political imagination is the rarest and most valuable of qualities. Voters don’t always know what they want, but they look to leaders to jump ahead of the current moment and provide visions they haven’t thought of.

Some politicians, like F.D.R. or Ronald Reagan, can reframe debates and envision coalitions that don’t exist. Their visions emerge out of unique life experiences, which are unusual but have broad appeal. They build trust not through a few targeted messages but by fully embodying a moment and a people. They often don’t pander to existing identities but arouse different identities.

Data-driven candidates sacrifice their own souls. Instead of being inner-directed leaders driven by their own beliefs, they become outer-directed pleasers driven by incomplete numbers.

Democratic and Republican Parties looked a lot different in 1952, when the American National Election Studies—surveys of voters conducted before and after presidential elections—were in their infancy. The Republicans, to some extent, were still regarded as the party of Lincoln, even though they had shifted their focus to courting southern white voters, causing black people to leave the party. Meanwhile, the Democrats were the party of a coalition that pushed for social services—the party of the New Deal. There were far fewer college-educated Americans at the time, but the white Americans who did have degrees tended to vote Republican, and those who didn't sided with the Democrats by a significant margin.

“The shift in whites without a college degree away from the Democratic Party begins as the Democratic Party becomes identified as the party of civil rights,” starting in the 1960s, Robby P. Jones, the CEO of the Public Religion Research Institute, told me. Disaffected white southern Democrats, in particular, fled in droves.

in 2008, the election of Barack Obama, a black man, signaled that the Democrats were becoming the party of progressive racial politics. “Obama’s presidency simplifies the politics of race,” Michael Tesler, an associate professor of political science at UC Irvine, says. “If you were a low-educated white, you were much more likely to know about the partisan differences on race [after Obama] than you were before.”

In the 2016 election, 48 percent of college-educated white voters voted for Trump, compared with 66 percent of non-college-educated white voters. A Marist poll in October of this year found that 55 percent of non-college-educated white voters approved of the job Trump was doing, compared with just 39 percent of college-educated white voters.

Every year, on its American Values Survey, the Public Religion Research Institute asks Americans whether they “think American culture and way of life has mostly changed for the better, or has it mostly changed for the worse?” Fifty percent of Americans say that it’s gotten better in this year’s poll, and 47 percent say that it has gotten worse.

for white voters, the answer to that question is split by education level. Fifty-eight percent of college-educated whites this year say that America has gotten better since 1950, while 57 percent of non-college-educated whites say that it’s gotten worse

When President Trump says “Make America great again,” the again is instructive. He’s capitalizing on the nostalgia that non-college-educated white voters have for America’s past. “That harkening back to a supposed golden age where things were better has a really, really strong appeal for whites without a college degree,” Jones said.

That nostalgia, however, is for a time when black Americans and other minority groups had significantly fewer civil rights. And a Republican rhetoric that centers a longing for an era of white prosperity, rife with racist violence against black people, is why it’s impossible to understand the diploma divide without accounting for racial resentment

When researchers control for voter attitudes on race in addition to white voters’ education level, Tesler says, the diploma divide disappears. No other factor, he says, explains the education gap as well—not economic anxiety, ideology, income, or gender.

David N. Smith, a professor at the University of Kansas, came to a similar conclusion when he and Eric Hanley took a dive into the 2016 American National Election Survey. They found that demographic data such as education are important predictors of which party someone votes for. But “when you bring the attitudes variables into account as well, what emerges is that attitudes loom even larger than demographics,” he told me.

Here’s how he put it: If you look at white people who voted for Trump—both those with college degrees and those without—and identify everybody with a high level of resentment toward minorities, women, and Muslims, as well as those who want an arrogant, assertive leader, there’s almost no one left. The vast majority of Trump voters share those sentiments, the researchers found, regardless of education level

“Trump’s conquest of the Republican Party is complete, and the former ‘fringe’ has become so thoroughly intertwined with the ‘establishment’ that the two are virtually indistinguishable.”

The growing diploma divide is less a result of non-college-educated white voters becoming Republicans, and more of college-educated white voters finding that they can’t fully support the party anymore. “What's happened since 2016 is that the low-educated whites have kind of plateaued in their support for the Republicans,” Tesler says. “But you've seen this trend increase [of] high-educated whites [moving] towards the Democrats.”

Over time, those who supported Ted Cruz, who called Trump a “sniveling coward” during the campaign, and those who supported Marco Rubio, who called him a “con man,” tended to come around to Trump.

the voters that stand out, Smith said, are those who initially supported John Kasich. “They, in many instances, agree with Trump on policy issues, but the best data indicates that they are uncomfortable with him personally,” he said. “There are key aspects of his rhetorical style, of his governing style, that they don't like.”

Hidden in that gap is a threat to higher education itself. Last year, Pew issued a sobering survey. “Republicans have soured on higher education,” the survey declared, and it threw people into a frenzy.

Sixty-seven percent of Republicans, the survey found, had “some” to “little” confidence in colleges as institutions. A number of factors contribute to this distrust, the rising cost of tuition and the perception of a liberal bent at colleges among them. And if one major party believes that higher education is an engine of liberal indoctrination

Decades of funding cuts by state governments have already hit the institutions hard. And these cuts, in turn, have driven an increase in tuition costs and more animosity toward higher education. As Michael Grunwald recently wrote in Politico, “The next big Republican culture war will be a war on college.”

The second, from the Book of Galatians, declares an eternal truth: “There is neither Jew nor Gentile, neither slave nor free, nor is there male and female, for you are all one in Christ Jesus.”

As a result, my wife and I not only felt called to adopt, but we believed that race was no barrier to unity for a family of genuine faith.

From the instant we saw her, we loved her with our whole hearts, but any adoptive family can tell you (indeed, any family at all can tell you) that love does not heal all hurts. There is pain that can last a lifetime.

overing just outside the frame—and sometimes intruding directly into our lives—is a disturbing reality. There are people who hate that our family exists. Actual racists loathe the idea of white parents raising a black child, and ideological arguments about identity raise questions about whether a white family’s love can harm a child of a different race. And, sometimes, people even question whether adoptive parents truly love their children, claiming that parents adopt to “virtue signal” or simply to ostentatiously demonstrate their open-mindedness.

In 2010, the year we adopted, The Washington Post’s Michael Gerson wrote an article that reflected the heartfelt views of countless adoptive families. It was the “noblest thing about America,” he said, that “we care for children of other lands who have been cast aside.” And what of multiracial families? His answer was our answer: “Instead of undermining any culture, international adoption instructs our own. Unlike the thin, quarrelsome multiculturalism of the campus, multiethnic families demonstrate the power of affection over difference.” There was a spirit of optimism, of hope that we could actually live the promise from Galatians, and in living that promise help change the nation we loved.

then came a backlash. Claims of cultural imperialism, wounded national pride, and rare, sad horror stories of exploitation or abuse soured foreign nations against American families. And at home, identity politics and even outright hostility against the Christian adoption movement triggered attacks from some on the left—attacks that were soon to be matched and exceeded by attacks from a racist right.

We quickly discovered that if you’re the white parents of an adopted black child, and you’re in the public eye at all, men and women will viciously criticize you for having the audacity to believe that you can raise your kid. At times, the criticism was direct and personal—most of it directed at my wife

Then, sometime around the summer of 2015, we began to notice a shift. The attacks on our family came less and less from the left, and increasingly from the so-called alt-right—a vicious movement of Trump-supporting white nationalists who loathe multiracial families. They despise international adoption. They call it “race-cucking your family” or “raising the enemy.”

They lifted pictures of my then-7-year-old daughter from social media and Photoshopped her into a gas chamber, with Donald Trump pressing the button to kill her. They put her image in slave fields. They found my wife’s blog and filled the comments section with gruesome pictures of dead or dying African Americans. They made me wish for the days when the left came after us; at least progressive critics didn’t want my daughter to die.

White parents see racism directed at their black kids. Cruel people use social media to accuse parents of raising kids as fashion statements. Others lecture them on their inherent inability to meet the needs of children of color. The hate our family received may have been more prolific because of who we are, but that hate is real, it is part of American life, and it will find its way to all too many families that looks like ours.

In the years since we brought our daughter home, overseas adoption has plummeted—down 72 percent since 2005—and it’s not hard to see one of the reasons. A broken American culture inflicts itself on nations abroad and families at home, and attitudes shift

the idealism of 2010 is gone. Then, we thought our family reflected the future. Now we know that was naive. Now we know that while the promise of Galatians—the promise that we are “all one”—is true in the Kingdom of Heaven, in America it does not yet apply.

For these evangelical figureheads, “us vs. them” has replaced a message of brotherly love and Christian charity.

If religion becomes a tool of the state, its influence as a force for morality, public virtue and social cohesion crumbles.

“white evangelicals have exchanged an ethic of principle that might hold a political leader accountable to consistent standards for a consequentialist ends-justify-the-means posture that simply stops interrogating character, the quality of leadership, or the morality of actions when it’s beneficial.”

This phenomenon is deeply troubling for both religion and politics.

Robert P. Jones, author of “The End of White Christian America,” observes, “One of the most astounding shifts in modern politics has been the utter transformation of white evangelical Protestants from being confident self-described ‘values voters,’ who measured candidates for office against a high bar of moral character, to anxious and unwavering Trump supporters who have largely dropped these standards for a candidate they believe will deliver policies that benefit them.”

And if politics is now a matter of religious faith, not unlike Europe in the age of religious wars, we surely will lose the distinctive character of America, its devotion to tolerance, its ability to resolve conflicts peacefully and its commitment to equal treatment under the law.

the United States is being seriously tested. It will take people of faith and of no faith committed to democratic norms and American diversity to repel this assault on the country’s animating principles.

Latino voters have increasingly made opposing the GOP agenda a top political priority in the age of President Donald Trump

The majority of black and Hispanic people do think that speaking English is at least a somewhat important component of Americanness, but almost a tenth of both groups think it’s not important at al

black and Hispanic respondents are much more likely than whites to say that belief in God is a very important component of a specific American identity.

Seventy-six percent of white people and 74 percent of Hispanics think that civil liberties such as freedom of speech are very important pieces of American identity, while only 61 percent of black respondents feel so

More than half of black respondents think that a belief in capitalism isn’t a very important part of that identity, while good majorities of both white and Hispanic people think that it’s either somewhat important or very important

Forty-five percent of Hispanic respondents said that racial, ethnic, and religious diversity make the country much stronger, compared with 32 percent of whites

white respondents are most likely to say that diversity makes the country weaker, or to be ambivalent about the idea of diversity altogether.

the small but influential sliver of black conservatives who identify as Republican appears to be diminishing, as the increasing influence of Trumpism and the alt-right of the modern GOP have made the Republican Party more and more openly hostile to black voters.

Other polls also show black voters increasingly concerned about racism. White voters might be moving in the other direction, and philosophically seem to be deprioritizing the importance of diversity in favor of an embrace of capitalism, nationalism, and individual liberty

40 percent of Hispanic respondents think that a potential citizenship question would be used for checking individuals’ immigration status as opposed to counting the population. Black respondents, on the other hand, are the least likely to buy the stated rationale for the question, and only 17 percent believe that it will be used for the sole purpose of counting the population

The profiles of the Republican and Democratic parties have shifted accordingl

A strong majority of white respondents—59 percent—think that speaking English is a very important part of being American.

Republicans have had to shape their party around explicit appeals to white voters and their anxieties, and have had to build an electoral strategy that can promote low overall turnout and stoke white grievances

In short, Democrats have cultivated an image as the party of racial and cultural pluralism, while Republicans have rejected pluralism as a viable strategy.

Majorities of both white and Hispanic respondents also favor the minimum-wage increase, but not at the numbers or with the fervor of black people

black and Hispanic respondents are also much more likely to strongly favor stricter gun-control laws than whites

black respondents are the most likely racial group to support providing pathways to citizenship for unauthorized immigrants currently living in the United States.

Six percent of black people and 7 percent of Hispanic people reported that they or someone else in their household did not have the proper voter identification the last time they went to vote, a small proportion but one much higher than the 1 percent of white respondents who said they’d had similar problems.

Nineteen percent of black people and 14 percent of Hispanic people said they’d had to wait in long lines, as opposed to 9 percent of whites

they come after a 2018 midterm election in which claims of voter suppression and major civil-rights lawsuits came to define elections in places such as Georgia, Kansas, and North Dakota.

In the 2018 midterm elections, Democrats elected one of the most racially diverse incoming classes of legislators since Reconstruction, and a diverse field of potential presidential contenders revolves around a multifaceted policy debate that’s heavily influenced by progressive ideas

These numbers track with the Census Bureau’s recent approximation that more than 600,000 households would fail to complete the census because of the question

these results from PRRI and The Atlantic shed new light on fundamental questions

They illustrate that the so-called demographic destiny of America is one that would look radically different should the country become majority nonwhite sometime in the next 20 or 30 years. The data indicate that white, black, and Hispanic voters have markedly divergent ideas on what exactly makes the American identity, and they also indicate that these differences are enforced and entrenched via spatial and social segregation

the data also cast some doubt on the political prospects of that demographic destiny. They show that black and Hispanic voters are more likely to be carved out of the political process, and that those efforts are perhaps aided by the existing regime of segregation

they show that the competing visions of America, as separated by race and region, are indeed competing, and that they are the chessboard upon which all politics is played.

Beyond concerns about the data’s repercussions, some researchers are also questioning whether the Census Bureau’s projections provide a true picture. At issue, they say, is whom the government counts as white

In the Census Bureau’s projections, people of mixed race or ethnicity have been counted mostly as minority, demographers say. This has had the effect of understating the size of the white population, they say, because many Americans with one white parent may identify as white or partly white. On their census forms, Americans can choose more than one race and whether they are of Hispanic origin.

Among Asians and Hispanics, more than a quarter marry outside their race, according to the Pew Research Center. For American-born Asians, the share is nearly double that. It means that mixed-race people may be a small group now — around 7 percent of the population, according to Pew — but will steadily grow. Are those children white? Are they minority? Are they both? What about the grandchildren?

“The question really for us as a society is there are all these people who look white, act white, marry white and live white, so what does white even mean anymore?” Dr. Waters said. “We are in a really interesting time, an indeterminate time, when we are not policing the boundary very strongly.”

Dr. Myers watched as progressives, envisioning political power, became enamored with the idea of a coming white minority. He said it was hard to interest them in his work on ways to make the change seem less threatening to fearful white Americans — for instance by emphasizing the good that could come from immigration.

Dr. Myers and a colleague later found that presenting the data differently could produce a much less anxious reaction. In work published this spring, they found that the negative effects that came from reading about a white decline were largely erased when the same people read about how the white category was in fact getting bigger by absorbing multiracial young people through intermarriage.

Race is difficult to count because, unlike income or employment, it is a social category that shifts with changes in culture, immigration, and ideas about genetics. So who counts as white has changed over time. In the 1910s and 1920s, the last time immigrants were such a large share of the American population, there were furious arguments over how to categorize newcomers from Europe.

But eventually, the immigrants from eastern and southern Europe came to be considered white.That is because race is about power, not biology, said Charles King, a political science professor at Georgetown University

“The closer you get to social power, the closer you get to whiteness,” said Dr. King, author of a coming book on Franz Boas, the early 20th-century anthropologist who argued against theories of racial difference. The one group that was never allowed to cross the line into whiteness was African-Americans

the Census Bureau’s projections seemed stuck in an outdated classification system. The bureau assigns a nonwhite label to most people who are reported as having both white and minority ancestry, he said. He likened this to the one-drop rule, a 19th-century system of racial classification in which having even one African ancestor meant you were black

“The census data is distorting the on-the-ground realities of ethnicity and race,” Dr. Alba said. “There might never be a majority-minority society; it’s unclear.

“Irrespective of the year, or the turning point, the message needs to come out about what the actual facts are,” Mr. Frey said. “We are becoming a much more racially diverse society among our young generation.”

the integration of refugees from the former Yugoslavia in the 1990s as a model. In that case, he said, about 80 percent of working-age adults had jobs after eight years.

Germany, meanwhile, is benefiting from the demographic profile of its new arrivals, about 60 percent of whom were 25 or younger. “It wasn’t the old people who fled. It was the young people,” he said. “This is excellent for us.” 

With a shrinking native population, Germany desperately needs those young people.

“If Germans want to maintain their economic well-being, we need about half a million immigrants every year,” said Wolfgang Kaschuba, former director of the Berlin Institute for Empirical Integration and Migration Research. “We need to guarantee that our society stays young, because it’s aging dramatically.”

many young Germans are opting to bypass this traditional path to a middle-class life and gravitating toward university degrees instead. Last year, one-third of German companies said they had training spots that went unfilled as vacancies hit a 20-year high.

“It’s a war for talent,” said Melanie Fleig, who oversees training for Clarios, one of the world’s largest car-battery manufacturers. “Everyone wants to go to university and make a lot of money. No one wants to work on the shop floor.”

Ramadan, who serves as a volunteer firefighter in Hanover when he’s not brushing up on one of his five languages or teaching himself math or physics online, acknowledges that he’s unusual among refugees. For many, a lack of German keeps them from qualifying for an apprenticeship

Technical German that’s specific to the field is required. “They want to enter a program,” he said. “But the language is so difficult.”

Other factors that hold down participation rates include the possibility that an asylum seeker could be deported. Few companies want to invest in a worker who is still applying for refugee protection and may be turned down. 

the 3-plus-2 rule: Rejected asylum seekers can stay in their traineeships for three years and work for at least two more without worrying about being shipped out. Proven skills and a work history can then be an advantage when they reapply to stay