3 ms·
The US is 80% services based which is why we were immune from the China trade war. China has a lot more to lose than the US because they don’t import from the U
by remote_phone 7y ago
The US is 80% services based which is why we were immune from the China trade war. China has a lot more to lose than the US because they don’t import from the US as much as they export.
But services are going to dry up very very badly. Which will disproportionately affect the US, especially with how many minimum wage jobs there are.
- partiallypro 7y agoOnly 2% of the US workforce has a minimum wage job.
- Sebguer 7y agoOnly 2% of the US workforce has a FEDERAL minimum wage job. Many states and cities have higher minimum wages than that, and something like 40% make less than $15.