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The past 2 weeks really have just been the Democrats doubling down and saying the quiet part out loud.
(i.redd.it)
Yes, it's a PCM meme, but still accurate as fuck.
this post was submitted on 20 Nov 2024
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So you have no rebuttal to tarrifs stopping companies from moving manufacturing outside the US.
Yes, to some extend they can achieve that, if they are high enough to cancel out the wage differences.
But they have a lot of additional effects. Companies with small margins that import ressources will have to raise prices to stay profitable, others will do it because they can riding the wave of those that must. All in all tarrifs just raise prices.
Thus the nominally raised wages stagnate in buying power.
So either the wages stagnate without the tarrifs because the work follows the cheap labour or they stagnate because tarrifs raise the prices alongside with the rising wages. The tarrifs achieve nothing for the buying power of consumers.
Yes, the buying power of consumers will take a hit from tariffs.
At first. But many of those consumers will benefit from increased wages.