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That would be ok in a non-globalized world. In our world, any country that implements those laws will see a lot more offshoring.
by christophilus 5mo ago
That would be ok in a non-globalized world. In our world, any country that implements those laws will see a lot more offshoring.
- deleted 5mo ago[deleted]
- idle_zealot 5mo agoHey, if fuel gets expensive enough this will be much less of a problem! Let's all thank Trump and Iran for their great work on bringing the four day work week closer to fruition. This isn't how I would've imagined bringing industry back to the States, but it's a promise made, promise kept.
- paulryanrogers 5mo agoHas the promise been kept? Is industry on-shoring in any significant sense? Or just making photo ops for Trump and fam, then slow walking the implementation until it's quietly canceled or scaled back to a token effort?
- idle_zealot 5mo agoThe joke is that onshoring will be forced to occur when global trade becomes prohibitively expensive for most goods. A promise kept despite not planning to, and with catastrophic consequences.
- danaris 5mo agoNot if that country also legislates heavy penalties for companies that produce their goods in countries with worse labor laws.
- nickff 5mo agoThe economic motive for offshoring would remain (though slightly mitigated), unless that country’s demand (in each regulated sector) was much more than rest of the world’s. I personally doubt that most places are even willing to implement such legislation, given that they’re not even willing to protest PRoC’s use of slave labor and prison camps.
- anomaly_ 5mo agoYou're just going to Galapagos your economy. Consumers won't put up with high prices and inferior goods. Unless you want to restrict internet/information access so your consumers don't know what they are missing out on.
- amanaplanacanal 5mo agoI dunno. Consumers put up with a lot. Why can't I buy a cheap Chinese EV again?
- Avicebron 5mo agoWell the short version is that Robert Rubin and company sold our industries for parts years and years ago. And now we have to rebuild the industrial base from scratch
- jfengel 5mo agoThat should make it possible to buy a cheap Chinese EV. You can't because they didn't sell out completely. In fact they still have some power to protect the companies from foreign products. The result is a mishmash of protectionism and globalization.
- deleted 5mo ago[deleted]
- youngNed 5mo agoNah, I live in the UK, prices are higher than eu, public service is much worse, but public are voting for the party with members that brought this about. Humans are weird.
- jfengel 5mo agoVoting for someone else would mean admitting you were wrong. Paying high prices and losing your job are bad, but not as bad as changing your mind.
- xg15 5mo agoAlmost like we needed some international worker's organization to put pressure on all relevant countries at the same time...
- AndrewKemendo 5mo agoHey don’t go talking crazy about some kind of global labor solidarity and collective bargaining
- xg15 5mo agoSo then all the productivity improvements are nothing more than boosting the hashrate of your crypto miner? You have to do it to not fall behind, but once everyone has done it, we all end up back in the same spot where we started?
- amazingamazing 5mo agoUnironically, yes. One saving grace is in some ways, such as medicine and technology, more will be available to you, but not for less effort.
- xg15 5mo agoIt's kind of understandable then that parts of the younger generations aren't motivated to continue that system? (Not just in the West, also in China, see "lying flat")
- archagon 5mo agoNormal people, yes. The oligarchic class gets more and more bloated as you can plainly see.
- jmyeet 5mo agoThis has the same energy as "if we tax the billionaires, they'll leave". That statement and yours are wrong. Why? Because if it was profitable, they would've done it already. Pretty much any employer would use you as fertilizer if there was an uptick in the stock price. But let's say it's true. Great. Punish them with tariffs. They also have diminished political power because they're no longer a local employer. We are colletively at a breaking point as a society where people legitimately can't afford to exist in a society that will soon mint its first trillionaire. This is beyond even French revolution levels of wealth inequality.
- FridgeSeal 5mo agoFully agreed. “Oh but businesses will leave” Yeah so what, if they do, we either didn’t want them, or they _actually won’t_ despite the squealing, or they will go, and if their segment of the market is useful, will get snapped up by new/local versions which do respect local constraints from the get-go. All of these are better outcomes than not doing anything because “what if”.
- eudamoniac 5mo agoThat only works with tariffs, which are widely considered evil apparently.
- azan_ 5mo ago> We are colletively at a breaking point as a society where people legitimately can't afford to exist in a society Aren't poverty rates being reduced basically everywhere and people getting richer across all deciles? The truth is that even if 90% tax rate was enforceable it would not change much - many problems plaguing societies right now are due to bad legislation and NIMBYs, with housing being the prime example. Somehow people want at same time: more houses, cheaper housing and as little new housing development as possible.