2 ms·
There 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 rig
by steveBK123 2y ago
There 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?