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> I remember when Americans used to care about politicians creating American jobs as a populist stance. That's what the tariffs are for. Trump 1.0 gave the US
by throw0101c 2y ago
> I remember when Americans used to care about politicians creating American jobs as a populist stance.
That's what the tariffs are for. Trump 1.0 gave the US washing machine tariffs and got 1800 jobs on-shored at the cost of $800k/job:
* https://www.nber.org/papers/w25767 https://www.nber.org/papers/w25767
- johnnyanmac 2y agoYup, I'm sure glad all that money went towards those workers and we could get more washing machines into homes, right? > We find that in response to the 2018 tariffs on nearly all source countries, the price of washers rose by nearly 12 percent; the price of dryers—a complementary good not subject to tariffs—increased by an equivalent amount.