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This is so interesting. What I think we're seeing here in these two comments is the divide between micro- and macroeconomics. I absolutely believe that supply-c
by Qub3d 6y ago
This is so interesting. What I think we're seeing here in these two comments is the divide between micro- and macroeconomics. I absolutely believe that supply-chain disruptions in steel due to tariffs pushed U.S. plants to re-open in some locations, but I also can see how across the nation the production dropped.
Frankly, we won't know the true effects on the tariffs until at least 2026 in my opinion -- these trends happen on the order of decades rather than years.
- vkou 6y agoThere's another possible explanation. Plants may have re-opened, but they aren't employing anyone, because of automation, which undermines the 'protect the local economy' aspect of tariffs. Robots don't spend their paycheque at local businesses, and it takes fewer people to build them, then they replace. [1] [1] If that weren't the case, they'd be more expensive than just employing people.