CORONAVIRUS

Trump's Economic Adviser Calls Americans Facing Unemployment 'Human Capital Stock'

In the interview with CNN, Kevin Hassett failed to mention that American workers would be risking their lives if there's a second COVID-19 spike.

President Donald Trump’s senior economic adviser, Kevin Hassett, presented a cold view of the U.S. economic system Sunday, referring to American workers as “human capital stock.”

In a Sunday interview on CNN, Hassett predicted that business would pick up again soon.

“Our human capital stock is ready to get back to work,” he said, while admitting at the same time that the nation will continue to struggle with unemployment as high as 23% this month.

The smiling Hassett seemed blithely calm about an unemployment rate “north of 20%” in May, which may be higher in June and will likely be in the double digits by November, he said.

Critics on Twitter didn’t take to Hassett’s terminology — or the fact that workers will be bringing up the caboose again while potentially risking their lives if there’s a second COVID-19 spike, which Hassett didn’t even acknowledge.


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