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> It also requires human labor, which isn't impacted by tariffs directly, but may be impacted by other government actions in the US. If people think prices wil
by throw0101d 1y ago
> It also requires human labor, which isn't impacted by tariffs directly, but may be impacted by other government actions in the US.
If people think prices will go up they will insist on bigger raises. It's why expectations can be as important as what 'actually' happens:
* https://en.wikipedia.org/wiki/Wage–price_spiral https://en.wikipedia.org/wiki/Wage–price_spiral
- Yoric 1y agoDo they have power to insist on bigger raises?
- throw0101d 1y ago> Do they have power to insist on bigger raises? Depends on the "they". These folks seem to have: * https://en.wikipedia.org/wiki/2024_United_States_port_strike https://en.wikipedia.org/wiki/2024_United_States_port_strike