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I think in theory it forces the middle class to buy American due to tariffs, which builds a more sustainable lower class at the expense of the middle and lower
by everforward 2y ago
I think in theory it forces the middle class to buy American due to tariffs, which builds a more sustainable lower class at the expense of the middle and lower upper classes.
I think it’s still an overall net negative (dramatically) that sees us become overall poorer and less influential, but I would guess there will be more factory sorts of jobs.
- JackYoustra 2y agoWe got the factory jobs already: https://home.treasury.gov/news/featured-stories/unpacking-the-boom-in-us-construction-of-manufacturing-facilities https://home.treasury.gov/news/featured-stories/unpacking-th... The deadweight losses from this trade are staggering, several percents of gdp that'll mostly hit people who consume imports (mostly low-end goods so probably poor people)
- soared 2y agoIf American made prices did not increase too match tariff adjusted foreign made prices that logic would hold. But we know from recent and not so recent history - American made prices some increase, even if they are not impacted at all.