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I think with enough regulation, he can bring their jobs back. It just comes at the cost of productivity, which means we end up paying extra for it. Consider th
by chillacy 10y ago
I think with enough regulation, he can bring their jobs back. It just comes at the cost of productivity, which means we end up paying extra for it.
Consider the Obama tire tariffs. Tire manufacturing is up in the US, we created some jobs, but overall we all collectively pay way more in tires.
- jessaustin 10y agoYeah tires are really expensive now. It stands to reason, that they would pick a product that even poor people have to buy. Couldn't have tariffs on fancy phones and luxury cars!
- chillacy 10y agoYup. More details: https://www.washingtonpost.com/news/wonk/wp/2012/10/23/how-obamas-tire-tariffs-have-hurt-consumers/ https://www.washingtonpost.com/news/wonk/wp/2012/10/23/how-o... We all collectively paid $1.1 billion dollars to give up to 1200 people a job in the tire industry.
- YuriNiyazov 10y agoYup, and we should've been willing to pay a whole lot more, so that more people kept their rust-belt jobs, and weren't swayed by Trump's "jobs, jobs" appeal.