(Bloomberg View) -- Donald Trump won the U.S. presidency in large part on a promise to help American workers displaced by trade and technology. That’s a worthy goal -- but if he wants to deliver, he’ll have to rethink his approach. Above all, he’ll need to recognize that the modern economy is not just about digging holes and bashing metal.
To date, Trump has focused narrowly on industries such as mining and manufacturing -- for example, by loosening environmental regulations on coal producers and by haranguing automakers in an attempt to keep jobs in the U.S. These efforts are woefully misdirected, and not just because technological progress and global competition should be embraced and not blocked. It’s also a matter of scale. Today, goods-producing industries have far fewer jobs at risk than the vastly larger services sector.
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