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Apples and Oranges. If you include global supply, then you have to increase salaries "globally". We all (I assume) should know that demand/supply set the price.
by csomar 6y ago
Apples and Oranges. If you include global supply, then you have to increase salaries "globally". We all (I assume) should know that demand/supply set the price.
But imported products don't fly right into the country. There is customs, and denying/tariffing them is a policy that countries are very actively using. So at the end of the day, it's a political decision.
Edit: On the other hand, if you are exporting stuff (oil for Canada), then you can't really do that for the external market. Might explain why the government will let some sectors run with illegals (to remain competitive); the alternative being their ultimate demise.
- smnrchrds 6y agoIf you ban import X from a country, the country will likely ban import Y from your country in retaliation. Sometimes the net effect would still be in your favour, but often times it would not be. Do you know why American brands dominate the US truck market? It started with a tariff on American chicken by some European countries and it quickly snowballed into much more [0][1]. [0] https://en.wikipedia.org/wiki/Chicken_tax https://en.wikipedia.org/wiki/Chicken_tax [1] https://www.npr.org/sections/money/2017/01/25/511663527/episode-632-the-chicken-tax https://www.npr.org/sections/money/2017/01/25/511663527/epis...