6 ms·
Sure, a loom works anywhere, but a banana plant doesn't. Raw materials are sometimes only available in some regions too, though this is a weaker argument becau
by nick238 2y ago
Sure, a loom works anywhere, but a banana plant doesn't.
Raw materials are sometimes only available in some regions too, though this is a weaker argument because sometimes that is just because labor and complying with dumping regulations are cheaper in poorer countries.
- steveBK123 2y agoThere is probably no level of tariffs that make US labor competitive with $2-3/hr all-in with benefits China wages. That's before you even get into workers rights/legal/safety/conditions/etc. Note China is already hinting at devaluing their currency further as well. And again with generationally low 4% unemployment and promises/attempts at mass deportations, who exactly are supposed to be staffing all these factories that are going to sprout up here? Maybe the plan is fire enough people & make Americans poor enough they'll accept $3/hr?