4 ms·

there are so many second order effects here who knows. for example (and im not saying this will always be the case) if a tariff pushes a foreign company's good

there are so many second order effects here who knows. for example (and im not saying this will always be the case) if a tariff pushes a foreign company's good out of the us marketplace and the customer is "forced" to pay 2x for something domestically manufactured that lasts 4x as long, did the american "pay for it"? how would this look in bulk economic data (spoiler it would look bad because consumption went down)

binarymax 1y ago
[flagged]
- rekenaut 1y ago
  This isn’t remotely true, the United States is the second largest manufacturing nation by value [1]. And manufacturing is still the dominant industry in many regions of the US. We might not be great at making consumer goods, but consumer goods is only a small subset of all manufacturing. 1. https://en.wikipedia.org/wiki/Manufacturing https://en.wikipedia.org/wiki/Manufacturing
- throwawaymaths 1y ago
  that's really not true. for example, i stopped buying shit underwear and bought made in the usa underwear and it's been great.
- zetazzed 1y ago
  Manufacturing output has more than doubled in the US since 1980: https://fred.stlouisfed.org/series/IPMAN# https://fred.stlouisfed.org/series/IPMAN#
- throwawaymaths 1y ago
  2x was being generous. many us made things are outpriced on say amazon by 1.25 or 1.5 even but get far fewer clicks because of the sort algorithm.
znkynz 1y ago
Where did the raw materials for this 'american' product come from?
- colechristensen 1y ago
  Most raw materials can be found in the US.
  - bdcravens 1y ago
    If those materials weren't already advantageous to obtain domestically, this points to inevitable price increases.
bdcravens 1y ago
In this case, the economic data would indicate rising inflation. The quality of the goods purchased is mostly irrelevant, but it's quite an assumption to assume the good will last longer.
- throwawaymaths 1y ago
  > and im not saying this will always be the case

binarymax 1y ago

[flagged]

rekenaut 1y ago
This isn’t remotely true, the United States is the second largest manufacturing nation by value [1]. And manufacturing is still the dominant industry in many regions of the US. We might not be great at making consumer goods, but consumer goods is only a small subset of all manufacturing. 1. https://en.wikipedia.org/wiki/Manufacturing https://en.wikipedia.org/wiki/Manufacturing
throwawaymaths 1y ago
that's really not true. for example, i stopped buying shit underwear and bought made in the usa underwear and it's been great.
zetazzed 1y ago
Manufacturing output has more than doubled in the US since 1980: https://fred.stlouisfed.org/series/IPMAN# https://fred.stlouisfed.org/series/IPMAN#
throwawaymaths 1y ago
2x was being generous. many us made things are outpriced on say amazon by 1.25 or 1.5 even but get far fewer clicks because of the sort algorithm.

znkynz 1y ago

Where did the raw materials for this 'american' product come from?

colechristensen 1y ago
Most raw materials can be found in the US.
- bdcravens 1y ago
  If those materials weren't already advantageous to obtain domestically, this points to inevitable price increases.

bdcravens 1y ago

In this case, the economic data would indicate rising inflation. The quality of the goods purchased is mostly irrelevant, but it's quite an assumption to assume the good will last longer.

throwawaymaths 1y ago
> and im not saying this will always be the case