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Actually, Andy is suggesting the same thing, cheapen job creation in the US, although he would do it through inflation, which is always more politically popular
by vessenes 16y ago
Actually, Andy is suggesting the same thing, cheapen job creation in the US, although he would do it through inflation, which is always more politically popular than deflation (except among people who live off their accrued wealth).
Tariffs on chinese goods would up the cost of those goods to slightly higher than what US-made goods could be sold for.
This will create jobs in America as companies create factories here.
There will be more jobs, and more money in the economy.
On the downside, everything just got a lot more expensive, maybe 50% more.
This is inflation. People don't notice it as much as they notice a 33% to 50% wage cut, especially since the most discontented members of society, the un and under-employed are no longer un(der)employed.