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It's almost like tariffs were a bad idea.
by josefritzishere 1y ago
It's almost like tariffs were a bad idea.
- krapp 1y agoIf only nearly everyone, everywhere had seen this coming...
- nxm 1y agoU.S. food prices rose by 23.6 percent from 2020 to 2024.
- LeafItAlone 1y ago> U.S. food prices rose by 23.6 percent from 2020 to 2024. After historic food price roses during a global pandemic and another round of bird flu in four years, you’d think a good president would do things to lower them, not continue to increase them!
- georgemcbay 1y agoThat and causing massive sudden disruption within the domestic agricultural labor pool. I'm sure that somehow this is all Biden's fault though.
- macinjosh 1y agoby labor pool you mean foreign labor paid under the table at slave wages w/o benefits or tax collection who meanwhile use US ERs as primary care doctors and US schools to feed and watch their kids for them.
- onedognight 1y agoIf the employees are being paid under the table, they would mean the employers were committing an obvious crime opening the employer to extortion. However, if the employees were Using fake social security numbers, then it would give the employers the benefit of the doubt. It also would mean the employees do pay takes, collected by their employers. From what I’ve heard, the latter is most common.
- georgemcbay 1y agoMost undocumented immigrant laborers actually do pay taxes despite not being able to take advantage of what they are being taxed for (eg. social security). And there have always been aspects of using undocumented labor that are negative and exploitative and I'm all for the US government making real positive changes in this area, but any policymaker coming at this from a non-racist perspective that wanted to make real changes would do it by fining or charging the people who are hiring the immigrants. Of course, that's not what the Trump administration has done or will do.
- andrewl 1y agoEven if they pay no other taxes, they do pay sales tax on their purchases at stores, gas stations, and so on. And those taxes go to the state or local government, and help pay for school and other services.
- bitshiftfaced 1y agoThe annualized growth rate of CPI food prices from Jan 2021 to Jan 2025 was 5.5%. From Jan 2025 to Sept 2025, it was 2.2%. https://fred.stlouisfed.org/series/CPIUFDSL# https://fred.stlouisfed.org/series/CPIUFDSL# It's due increase in money supply during Covid stimulus spending.
- josefritzishere 1y agoCovid was years ago. Right now it's tariffs.
- pessimizer 1y agoAnnualized inflation is still lower than the month before he was inaugurated (2.9% < 3.0%). And that 3.0% was a dream compared to most of Biden's presidency.
- whywhywhywhy 1y agoIt's happening in Europe too so it's more likely inflation.
- doom2 1y agoAmazing to me that a supposedly big part of Trump's win in 2024 was that people were voting for him to turn down the magic grocery price reduction knob and *poof* we'd be back to pre-pandemic prices. Yet somehow I don't think this will be as much of an electoral liability for Republicans in the 2026 midterms as it was with Harris in 2024. So I guess voters didn't actually care that much about cost of living increases?