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Thinking it through: The vast majority of goods imported from China are sold to US consumers by American companies, employing Americans. A 25% increase in cost
by janekm 8y ago
Thinking it through: The vast majority of goods imported from China are sold to US consumers by American companies, employing Americans. A 25% increase in cost of goods sold for these companies requires severe cost cutting, leading to the lay-offs of those American employees.
- toasterlovin 8y agoBut, again, a disproportionate impact. It takes way less people to administer buying and selling goods than it does to staff the factory floor.