Re:Former President Trump is projected to win the presidency
by ericd on Wednesday November 06, 2024 @10:09AM
(#42063477)
That JEC doc doesn’t seem to mention tariffs?
Yes, prices will rise, the question is whether it will increase their leverage in the job market enough to boost their earnings enough to counteract the higher prices.
Re:Former President Trump is projected to win the presidency
by no_wizard on Wednesday November 06, 2024 @10:20AM
(#42063669)
my point with the JEC wasn't about tariffs its about Republican policies that show that "will it increase their leverage in the job market enough to boost their earnings enough to counteract the higher prices" is fantasy
The highest levels of leadership of the Republican party have shown time and again that they want a permanent poor underclass through their policies (both enacted and proposed) and actions.
There's no sense in speculation here, if they can put the boot on labors neck, they will 100% of the time
Re:Former President Trump is projected to win the presidency
by ericd on Wednesday November 06, 2024 @10:54AM
(#42064199)
I mean, we were just talking about tariffs, not whatever else may be in their plans.
But point taken, you think that the net result will be worse for poor people. I don’t necessarily disagree, it just seems that this one bit might be somewhat positive for the poor.
Wage gains won't keep pace with any price increases either, Republican's have already outlined policies that are regressive to average Americans[0][1]
About the only thing tariffs will do is consolidate power at the top and allow the largest corporations to buy out smaller ones that can't cope as well.
We are remember, talking about broad spectrum tariffs here, which will hit any import, from food to solar panels.
[0]: https://www.jec.senate.gov/public/_cache/files/32a303df-1977...
[1]: https://www.usatoday.com/story/money/2024/10/30/trump-reduce...