@[email protected] to [email protected] • 18 days agoTrump tariffs 'will increase the unemployment rate to recessionary levels,' says economistwww.cnbc.comexternal-linkmessage-square45fedilinkarrow-up11arrow-down10cross-posted to: [email protected]
arrow-up11arrow-down1external-linkTrump tariffs 'will increase the unemployment rate to recessionary levels,' says economistwww.cnbc.com@[email protected] to [email protected] • 18 days agomessage-square45fedilinkcross-posted to: [email protected]
minus-square@[email protected]OPlinkfedilink0•18 days agoWhat?! No! We’re all going to work in American factories! /s
minus-square@[email protected]linkfedilink0•18 days agoAll those factories that aren’t there because all companies decided to move them to China (or another overseas country) to cut costs :D
minus-square@[email protected]linkfedilinkEnglish0•18 days agoDon’t worry, it will all trickle down eventually!
minus-squareqprimedlinkfedilinkEnglish0•18 days agobuying consumer crap generally requires consumer income. the us will quickly become a backwater global export destination for anything other than 1% luxury items because the poors will simply be too poor to matter wrt global demand.
What?! No! We’re all going to work in American factories! /s
All those factories that aren’t there because all companies decided to move them to China (or another overseas country) to cut costs :D
Don’t worry, it will all trickle down eventually!
buying consumer crap generally requires consumer income. the us will quickly become a backwater global export destination for anything other than 1% luxury items because the poors will simply be too poor to matter wrt global demand.