4 ms·

Then they'll move their factories overseas. Unions do not have a monopoly on workers.

toomuchtodo 3y ago
Tariffs are an option as demographics tilt to the Left politically to encourage domestic workforce investment [1]. Capital and economic systems should serve humans, not make it straightforward exploitation for a few folks with big numbers in rows in a database [2]. China is rapidly decelerating economically because it got old so fast [3], and most of the world outside of India and Africa isn't far behind [4] [5]. TLDR Capitalism is running out of young productivity to squeeze for profits. [1] https://news.ycombinator.com/item?id=37052550 https://news.ycombinator.com/item?id=37052550 [2] https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-americans-own-a-record-89percent-of-all-us-stocks.html https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-... [3] https://www.axios.com/2023/08/26/chinas-slow-moving-economic-disaster https://www.axios.com/2023/08/26/chinas-slow-moving-economic... [4] https://www.who.int/news-room/fact-sheets/detail/ageing-and-health https://www.who.int/news-room/fact-sheets/detail/ageing-and-... [5] https://www.imf.org/en/Publications/fandd/issues/Series/Analytical-Series/aging-is-the-real-population-bomb-bloom-zucker https://www.imf.org/en/Publications/fandd/issues/Series/Anal...
- jntvjnvutnuvt 3y ago
  It's quite ironic that you say that "economic systems should serve humans" but then support "tariffs" which will significantly increase the cost of living for the aforementioned humans.
  - medvezhenok 3y ago
    Those are two different groups of humans we are talking about. Cheap labor benefits consumers - primarily older people who are using savings (workers get higher prices as well, but they also get higher wages, so they're likely to win on net). Tariffs benefit domestic industries at the expense [primarily] of the people on savings/fixed incomes.
    - jntvjnvutnuvt 3y ago
      How exactly are they getting higher wages if their union factory jobs are moved overseas?
      - true_religion 3y ago
        The tariff is there to stop the factory from wanting to move overseas.
johnnyanmac 3y ago
companies have been touting outsourcing across all industries as a solution and fear for decades. What makes it different this time?

Tariffs are an option as demographics tilt to the Left politically to encourage domestic workforce investment [1]. Capital and economic systems should serve humans, not make it straightforward exploitation for a few folks with big numbers in rows in a database [2]. China is rapidly decelerating economically because it got old so fast [3], and most of the world outside of India and Africa isn't far behind [4] [5]. TLDR Capitalism is running out of young productivity to squeeze for profits. [1] https://news.ycombinator.com/item?id=37052550 https://news.ycombinator.com/item?id=37052550 [2] https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-americans-own-a-record-89percent-of-all-us-stocks.html https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-... [3] https://www.axios.com/2023/08/26/chinas-slow-moving-economic-disaster https://www.axios.com/2023/08/26/chinas-slow-moving-economic... [4] https://www.who.int/news-room/fact-sheets/detail/ageing-and-health https://www.who.int/news-room/fact-sheets/detail/ageing-and-... [5] https://www.imf.org/en/Publications/fandd/issues/Series/Analytical-Series/aging-is-the-real-population-bomb-bloom-zucker https://www.imf.org/en/Publications/fandd/issues/Series/Anal...

jntvjnvutnuvt 3y ago
It's quite ironic that you say that "economic systems should serve humans" but then support "tariffs" which will significantly increase the cost of living for the aforementioned humans.
- medvezhenok 3y ago
  Those are two different groups of humans we are talking about. Cheap labor benefits consumers - primarily older people who are using savings (workers get higher prices as well, but they also get higher wages, so they're likely to win on net). Tariffs benefit domestic industries at the expense [primarily] of the people on savings/fixed incomes.
  - jntvjnvutnuvt 3y ago
    How exactly are they getting higher wages if their union factory jobs are moved overseas?
    - true_religion 3y ago
      The tariff is there to stop the factory from wanting to move overseas.

johnnyanmac 3y ago

companies have been touting outsourcing across all industries as a solution and fear for decades. What makes it different this time?