4 ms·
That's pretty much impossible. If it costs a company 1% less to make a widget that takes 1000 hours of labor to make it overseas instead, the company is incenti
by ApolloFortyNine 8mo ago
That's pretty much impossible. If it costs a company 1% less to make a widget that takes 1000 hours of labor to make it overseas instead, the company is incentivized to move overseas.
The thousand of hours labor, the material to source the widget, the real estate for the factory, the transportation now all occurs overseas.
At the very least, you can't spew something like that then not even bother to link a source.
- bootsmann 8mo agohttps://www.piie.com/publications/policy-briefs/2016/us-tire-tariffs-saving-few-jobs-high-cost https://www.piie.com/publications/policy-briefs/2016/us-tire... Ratio of 3 jobs lost per tire job saved. > The thousand of hours labor, the material to source the widget, the real estate for the factory, the transportation now all occurs overseas. This frees up massive amounts of capital that is more effectively spent playing to Americas strengths, this isn’t a zero sum game.
- matwood 8mo agoThe problem is that it's all connected. Sure, the widget company may have local jobs saved, but what about the downstream companies that buy the widget to make something else? They can't hire as much because they are paying the higher price. Look at the steel tariffs. Sure they saved some steel jobs, but were a much larger net loss for jobs impacted by the higher prices.