What Trump means for your job

Welcome to Career Insider. A new U.S. president (well, sorta).

Does the new guy mean everything is going to change for your job or employment prospects in 2025? Maybe. Let's dive into how the Trump presidency will potentially impact your employment next year.

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EMPLOYMENT
How Trump could impact your job in 2025

Trump's first term (2017–2021) had a mix of tax cuts, deregulation, and trade policies that had significant effects on employment. It’s likely that his second presidency will carry on many of his previous priorities.

Here are a few areas to focus on:

Tax Cuts and Deregulation

One of the hallmarks of Trump’s first term was the 2017 Tax Cuts and Jobs Act, which reduced corporate tax rates from 35% to 21%. This policy was designed to incentivize businesses to invest in the U.S., create jobs, and boost wages. Trump has indicated a desire to expand on these tax cuts, potentially lowering rates further or introducing new incentives for businesses.

Supporters argue these measures could stimulate job creation by encouraging companies to expand operations and hire more workers.

However, critics contend that the benefits of these policies often favor corporations and wealthy individuals, with limited trickle-down effects for middle- and lower-income workers.

Deregulation is another area where Trump could impact your employment. During his first term, he rolled back numerous regulations in industries such as energy, manufacturing, and finance. A second Trump presidency would likely continue this trend, with a focus on reducing environmental and labor regulations.

Trade

Trump’s “America First” trade policies were a defining feature of his presidency. His administration imposed tariffs on imports from China, the European Union, and other trading partners, aiming to protect American industries and reduce the trade deficit. While these policies did lead to some reshoring of manufacturing jobs, they also resulted in higher costs for businesses and consumers.

Trump’s trade policies in 2025 would likely focus on further decoupling from China and renegotiating trade agreements to prioritize American workers. This could benefit industries like steel, aluminum, and manufacturing, but it might also lead to retaliatory tariffs and disruptions in global supply chains.

Immigration

Believe it or not, immigration will affect the labor market. During his first term, Trump implemented stricter immigration policies, including reducing the number of visas for foreign workers and increasing border enforcement.

In 2025, a similar approach could lead to tighter labor markets, especially in industries like agriculture, construction, and hospitality, which rely heavily on immigrant labor. While this might create opportunities for American workers, it could also result in labor shortages and higher costs for businesses, potentially driving up prices for consumers.

BE PREPARED
How can you prepare for the Trump presidency?

The best thing you can do in 2025 is stay informed about what’s happening, but also focus on the things that you can control (like improving your job skills, education, and professional network).

Here are several things you can do to hit the ground running in 2025.

Diversify Your Skill Set

Automation, globalization, and policy changes can disrupt jobs, so workers should focus on building skills that make them adaptable and competitive:

• Learn in-demand skills: Consider training in areas like technology, data analysis, or skilled trades that are less likely to be outsourced or automated.
  

• Certifications and education: Pursue certifications or short-term training programs in fields that align with potential job growth, such as construction, logistics, or advanced manufacturing.
  

• Soft skills: Develop skills like communication, problem-solving, and adaptability, which are valuable across all industries.

Improve Your Financial Standing

Economic uncertainty, trade wars, or shifts in immigration and labor policies could impact wages and job stability. Workers should:

• Save for emergencies: Aim to build an emergency fund with 3–6 months’ worth of living expenses to prepare for potential job disruptions.
  

• Reduce debt: Pay down high-interest debt to improve financial stability in case of economic downturns or layoffs.
  

• Invest wisely: Diversify investments to protect against market volatility that could arise from policy changes.

Explore Infrastructure and Manufacturing

Trump has consistently emphasized infrastructure investment and bringing manufacturing jobs back to the U.S. Workers can:

• Look for jobs in infrastructure projects: If Trump prioritizes rebuilding roads, bridges, and broadband, there could be significant job opportunities in construction and related fields.
  

• Consider manufacturing roles: Policies aimed at reshoring jobs could create opportunities in domestic manufacturing, especially in industries like steel, aluminum, and automotive.

Stay Flexible and Open to Change

Economic policies under Trump could create winners and losers across industries. Workers should:

• Be willing to relocate: Job opportunities may shift geographically, with growth in certain regions (e.g., areas with new manufacturing plants or infrastructure projects).
  

• Consider career pivots: If your industry is negatively impacted, be open to exploring new fields or roles that align with emerging opportunities.