News for hackers. Stuff that matters.

A comment on Donald Trump Is Elected President. Parent comment

Re:Donald Trump Is Elected President by passthefist on Wednesday November 09, 2016 @08:00PM (#12916671)
One of the reasons those jeans are $60 is because the labor is cheap. Import tariffs might bring back jobs, but no way you'll be able to pay the workers the wage they're looking for and keep the cost of goods the same.

My question is if the cost of goods will rise enough to make wage gains irrelevant, or if the effect won't be strong enough and we'll see real wage gains.

[ Parent | on HN ]
Re:Donald Trump Is Elected President by whoops1122 on Thursday November 10, 2016 @08:55AM (#12920342)
you didnt see my point, Chinese put heavy tariff on the import to protect their local economy. therefore a pair of jeans thats created locally going to sell more expensive then it is oversea.

when you have a 100 bucks a pair Levis vs 5 bucks a pair of local made jean (which came out of same factory), Chinese are most likely to buy the 5 bucks one, and therefore Chinese govt effectively protect their local business, took job from USA and helped every local economy with American investing dollars.

[ Parent | on HN ]