Paul Krugman has a dire warning about the U.S. economy under Trump.

The economist warned readers that “what looks like a fairly benign economy on the surface is actually hurting workers” in a lengthy Substack post on Wednesday. He also said that Trump’s erratic behavior is exacerbating the situation.

“Many economists—actually, all the economists I know—are worried about a potential downturn,” wrote Krugman, who won the Nobel Prize in Economics in 2008.

Krugman explained that income inequality is back on the rise after a dramatic decrease under the Biden administration.

According to Krugman, the Trump’s economy is experiencing a “K-shaped expansion.”

Essentially, while the economy is growing overall, only the most affluent Americans are actually seeing their wages grow, while middl

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