economist

As such, voters might have felt that another wage hike was unnecessary, said Chris Thornberg, an economist who founded Beacon Economics, a research and consulting firm in Los Angeles.

Companies and economists have said the plan could increase consumer prices and drive inflation.

A preelection survey from the Wall Street Journal found most economists believed inflation and interest rates would be higher under policies proposed by Trump than Vice President Kamala Harris.

That said, the rate of home price growth is slowing, something many economists expected to happen given the mismatch between incomes and prices.

Along with his role as an economist, Bawumia has also built the reputation of being a digital visionary.