It may have a devastating effect over the longer term. The relatively expensive "local things" are a reflection of the high human labour costs in what are predo

It may have a devastating effect over the longer term. The relatively expensive "local things" are a reflection of the high human labour costs in what are predominantly service-oriented economies. Increasing the cost of physical goods and raw materials could have far-reaching effects across service-oriented businesses, and that in itself would make the already expensive "local things" even more expensive.