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Re:Six Months into Tariffs, Businesses Have No Idea How to P... by lazarus01 on Saturday August 30, 2025 @06:32PM (#45078568)
In NYC, for the first 6 months of 2025, 994 new private sector jobs were created [1]. During the same period last year, there were 66,000 new jobs created.

Higher cost of doing business from tariffs has frozen hiring. With a frozen job market, there’s less revenue coming in.

NYC is a leading indicator for the rest of the country.

[1] https://www.nytimes.com/2025/08/13/nyregion/nyc-jobs.html

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by JumpCrisscross on Saturday August 30, 2025 @07:34PM (#45078958)
Would note that the data the New York Times cited are seasonally adjusted [1]. The assumptions of those adjustment models may not currently apply.

It’s going to be difficult to suss out a signal from employment data until October or November, by when we should have about half a year of post-tariff data [2] to compare with ‘24. (We may not know anything surely for a year.)

[1] https://www.nyc.gov/assets/omb/downloads/pdf/sa-methodology-...

[2] https://www.piie.com/research/piie-charts/2025/trumps-tariff...

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by monero-xmr on Saturday August 30, 2025 @09:32PM (#45079542)
Also NYC is under threat of a socialist mayor threatening punishing millionaires taxes on top of the existing city tax. Growth is slow all over but NYC itself is getting punished for far more reasons than tariffs considering it’s a service-based economy, finance / tech / retail and otherwise
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by jameshart on Saturday August 30, 2025 @11:13PM (#45080045)
Whatever mayor they're 'under threat of' can't be much worse than the one who's currently in place who is under threat of indictment from the federal government over bribery, fraud, and illegal foreign finance contributions, who has has eight of his staff resign in the last year under federal investigations, and lost multiple other staff resigning on principle.

People are already acting like Mamdani is responsible for everything that happens in NYC; they should pay more attention to the guy who's been in charge the past 3 years.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by tombert on Sunday August 31, 2025 @12:36AM (#45080405)
Weren't the charges against Eric Adams dismissed with prejudice? [1] They shouldn't have been dismissed at all, but the judge didn't want the president to be able to directly control the major of NYC.

I personally think he should at least be impeached because I have the woke liberal opinion that people in power taking bribes is bad.

[1] https://abcnews.go.com/Politics/mayor-eric-adams-case-dismis...

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by Refreeze5224 on Saturday August 30, 2025 @09:38PM (#45079571)
Excellent. The very wealthy shouldn't exist, and any system which promotes or even allows their creation is fundamentally broken.

You also failed to mention how popular Mamdahni is among every day, non-rich voters. They seem to agree with me.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by anecdatas on Sunday August 31, 2025 @12:10AM (#45080308)
As a wealthier person (income of ~1m/year, give or take), I could not more strongly support Mamdani (no 'h' in Zohran's last name afaik). I want a candidate like him in my city to vote for.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by speakfreely on Sunday August 31, 2025 @01:34AM (#45080610)
If you're still measuring wealth by income, you're probably not in the bracket that is being discussed here. $1 million per year is an extremely comfortable income, but it would take 30 years of saving that, post tax, before you hit $30 million in net worth, which is the entry point for UHNW status.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by ehnto on Sunday August 31, 2025 @02:06AM (#45080755)
I do see your point, but it's highly unlikely that they are putting their wealth into a HISA for 30 years. There is likely 0 people who got to UHNW through saving money.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by speakfreely on Sunday August 31, 2025 @02:11AM (#45080781)
Completely agree with you. Which it why I mentioned measuring wealth by income shows a disconnect from what real wealth is.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by wrs on Sunday August 31, 2025 @02:24AM (#45080834)
This is assuming they have to work for the $1M income. The point of having $30M is to make $1M income without doing anything.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by anecdatas on Sunday August 31, 2025 @03:28PM (#45086264)
Totally. I'm someone who could choose to enter the capital class via purchasing rental properties or investing heavily in stocks, but I deliberately do not.

Capital class wildly different than wealthier working class. But in all honesty, bring the taxes all the way down to me at least. Anyone making a million a year could be taxed a lot more and still live comfortably. The capital class above me could afford a LOT more taxation and still live lives of unbridled luxury.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by ambicapter on Saturday August 30, 2025 @10:19PM (#45079766)
"very wealthy" is heavily understating just how ludicrously wealthy some of these people are compared to the vast majority, and it's reflected in historical numbers.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by ehnto on Sunday August 31, 2025 @02:01AM (#45080728)
I am wondering why "very wealthy" would be so stressed by increased taxes. Don't they have ludicrous wealth, shouldn't it have almost no material impact for them?

Are there money games I am unaware of that means they are running brittle houses of cards and marginal percentage increases in taxes would topple their empires?

I just don't understand the fear or concern, but I am not ludicrously wealthy so I suppose I wouldn't.

If someone is truly strong then they have strength to spare for others. I guess I assume the same would be true of wealth, but perhaps you don't get ludicrously wealthy by being proportionally generous.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by ambicapter on Sunday August 31, 2025 @10:42AM (#45083508)
They are so ludicrously wealthy that even a very small increase in percentage points of tax ends up being a very large number, and no one likes to see a very large number of their “hard-earned” dollars get “taken away”. The marginal value of each dollar to them I don’t think is a calculation that is very accessible to our emotional human minds.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by mancerayder on Saturday August 30, 2025 @11:20PM (#45080078)
Fantastic. And tax levy for the city goes down, and cuts are made while middle class people pick up the rest of the burden.

Notice your statement is a broad morale, and I'm presenting a consequence out here in the real world.

The math of booting wealthy people from the city doesn't play out well for the city.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by LeafItAlone on Sunday August 31, 2025 @12:10AM (#45080309)
This argument has been made time and time again.

It seems reasonable at first glance, but I’ve seen no proof of it. California, usually mentioned as having high taxes, still has a large percentage of the ultra-wealthy in the USA. Same with NYC. Sure some notable persons have changed their addresses, but overall, they are they hurting?

Is there any documented case of a rich-popular municipality increasing taxes on the ultra wealthy and seeing the tax levy go down?

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by roenxi on Sunday August 31, 2025 @01:59AM (#45080719)
That is one of those questions where if you're asking it, I do question how serous you are in seeking out answers. It is mathematically guaranteed that an optimal rate exists, the topic has been an ongoing research question for several centuries and it is hard to avoid if you spend time arguing economics. Wikipedia points out [0] that scholars dating back to Ibn Khaldun have been working on the topic of pinpointing an optimal tax rate for maximising income.

So while I admit to not providing you with a study in this comment [1], it is pretty obvious they have been done and I don't see what there is to challenge on the topic. Obviously there is an optimal tax rate for maximising revenue, this is an area where there has been a huge amount of research done and if a municipality pushes their rates beyond that point (which will happen with some regularity) it'll see its tax take go down. There isn't much to document, anywhere with taxing authority would be feeling out limits experimentally all the time.

> Sure some notable persons have changed their addresses, but overall, they are they hurting?

They moved states for tax reasons, so yes. Otherwise they wouldn't have moved. If notable people are starting to move then the system sounds like it is very close to the critical point.

[0] https://en.wikipedia.org/wiki/Laffer_curve (not that it'd be total tax burden that needs is the limit, not just the slice imposed by one area).

[1] Wikipedia has a lot of sources though if you actually want to look it up.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by LeafItAlone on Sunday August 31, 2025 @09:18AM (#45082949)
So just to be clear: there is some undetermined optimal number, but so far no place has determined it and no place gone on the other side of it such that the ultra-wealthy left any particular area of note, causing a decrease in tax revenue. Got it. Thanks for the info!
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by roenxi on Monday September 01, 2025 @05:14AM (#45090973)
> ...but so far no place has determined it and no place gone on the other side of it...

This is what I mean when I say I'm not sure if you're actually interested in the answer. The Wikipedia article is a pretty thorough treatment. This isn't some new or unexplored area, it is about as well trodden ground as the economists have. There isn't any need to gather more evidence to retest it yet again, the numbers are well known.

The income-maximising tax rate is between 60 and 75% and depends a bit on local conditions (probably mostly migration and language barriers). Lots of places have gone beyond it, happens all the time, and they generally lower their tax rates when someone points out they could make more money that way. You'd probably find the California tax people do studies on this sort of thing fairly regularly; not that anyone particularly cares or that I'm going to try and look it up. The real question is whether the government should even be trying to maximise the tax take.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by vineyardmike on Sunday August 31, 2025 @02:08AM (#45080762)
> Is there any documented case of a rich-popular municipality increasing taxes on the ultra wealthy and seeing the tax levy go down?

Sort of but AFAIK nothing similar to this. There is some evidence of this occurring in Europe, notably France, but it was structural pretty different. Connecticut, NY, and Jersey often trade a small amount of residents depending on taxes year to year, but none of those individuals are really leaving the NYC economy.

NYC is also pretty unique in the availability of certain high-income jobs and amenities catering to the ultra wealthy. Like high-tax California (and America generally), the extra income and benefits from living there outweigh the costs for many. Massachusetts implemented a millionaire tax and saw a net increase in ultra wealthy individuals.

NYC is already one of the most expensive places in the country. People either live there because it’s worth the cost, or it’s the best place for them to make more millions. There is little evidence to support a minor wealth tax would change that meaningfully.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by lasc4r on Saturday August 30, 2025 @11:43PM (#45080188)
Was joffreybaratheon taken or was mancerayder really your first choice of username?
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by jibal on Sunday August 31, 2025 @12:26AM (#45080375)
> I'm presenting a consequence out here in the real world.

No, you're making baseless assertions / talking points / propaganda.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by monero-xmr on Saturday August 30, 2025 @09:55PM (#45079637)
That’s fine if you accept that you can’t force the rich at gunpoint to stay, or seize their wealth upon exit.

But if they do choose to leave, or at least stop expanding their businesses, you can’t deny the rational self interest

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by bobsomers on Saturday August 30, 2025 @11:02PM (#45079987)
> But if they do choose to leave, or at least stop expanding their businesses, you can’t deny the rational self interest

"If you tax the rich, they will leave" is a myth created by the rich so that you won't tax them.

In the middle of the 1900s, the tax rate on the wealthiest Americans was 91%.

Nobody is going to leave over Mamdani's extremely modest proposal.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by burnerthrow008 on Saturday August 30, 2025 @11:12PM (#45080043)
> In the middle of the 1900s, the tax rate on the wealthiest Americans was 91%

You forgot to mention that only half of capital gains were subject to tax. So the highest marginal rate was 45.5%.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by jibal on Sunday August 31, 2025 @12:43AM (#45080431)
The maximum effective rate on long-term capital gains was 45.5% but the top marginal rate on ordinary income was 91%.

In any case, this is all a major deflection resulting from the lie that the low job creation rate is due to "the threat" of a possible future mayor rather than tariffs.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by mxkopy on Sunday August 31, 2025 @12:00AM (#45080264)
This statement is also supported by the fact that despite the relatively high taxes in NYC billionaires will jump through all loops necessary to effectively still live there just not on paper
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by NietzscheanNull on Saturday August 30, 2025 @10:27PM (#45079800)
If a nation's fortune hinges on permitting a handful of extremely rich individuals to extract wealth with impunity, wield their immense hoard to buy up major media organizations and communication platforms, use those assets to continually suppress labor and consumer protections, and fix political elections by way of SuperPACs and other dark-money slush funds... well, that isn't my idea of a robust society or economy.

We've done fine without them in the past, and we'd be better off without them now. At the end of the day, labor and its fruits are the primary origin of value in an economy, not the handful of individuals that have had the immense luck and/or dubious ethics required to capture that value for their personal gain.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by analog31 on Saturday August 30, 2025 @10:22PM (#45079774)
I heard New Zealand is nice.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by tw04 on Saturday August 30, 2025 @11:00PM (#45079978)
It is, probably because it has a 39% tax rate on income over $180k, and no capital gains (stock sales are considered income and taxed at income tax rates).
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by Psillisp on Saturday August 30, 2025 @10:17PM (#45079757)
The bayonets of the capitalists. Better lie down and take it.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by anecdatas on Sunday August 31, 2025 @12:19AM (#45080342)
This is making a lot of assumptions --

1) That we're at the threshold for taxes that the wealthy will accept. I would bet many wealthy folks feel attached to their homes as their identity, and it would take some amount to price them out. Like, clearly a billionaire would leave if the cost to stay was a 100% of their wealth, but would probably stay if it was $10 more in taxes. So there's a very nebulous line somewhere in between. I suspect we are not close to that line.

2) That wealthy people living in an area are storing their wealth or declaring that area as their home. Plenty of ways to shield wealth from local taxes, and plenty of ways to claim a place as your home without being taxed by it.

3) That having wealthy people in your community is a net positive for the community. Wealthy people tend to use a lot more resources and distort local politics for their personal gain rather than the gain of the community. Maybe we'd be better off if they weren't around, and several families moved in to take their place. Wealthy people don't ride public transit, normal folks do. Wealthy people can push city council positions to reduce transit, normal folks don't have that influence. Maybe we need more normal folks around.

4) That businesses owned by the wealthy are a net positive compared to, e.g., workers co-ops. Maybe we could be a bit more collective in our approaches and a bit less lionizing towards the wealthy person who got lucky. Maybe we need more community oriented businesses run by members of the community they live in and fewer wealthy business owners racing to the bottom.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by AngryData on Sunday August 31, 2025 @12:20AM (#45080349)
If they want to sell off all their assets and leave, then lets see them do it. If they don't want to sell their assets, I don't see why it can't be seized if they leave.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by jibal on Sunday August 31, 2025 @12:30AM (#45080387)
> That’s fine

Oh good. Then we can ignore your baseless assertions / talking points / propaganda and outright [non-truths].

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by dismalaf on Saturday August 30, 2025 @09:55PM (#45079639)
The system that allows very wealthy to exist is also the reason the US has the highest class mobility among western nations.

Also, on a purely pragmatic note, capital is mobile. If you penalize the rich, they just move, and then the new system will stop class mobility.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by bobsomers on Saturday August 30, 2025 @11:03PM (#45079995)
> If you penalize the rich, they just move, and then the new system will stop class mobility.

This is a myth created by the rich so that you won't tax them.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by dismalaf on Saturday August 30, 2025 @11:20PM (#45080076)
It's pretty observable and part of the reason many microstates are extremely wealthy.

Also keep in mind the US is a winner here. The UK loses the most millionaires and it's had an observable impact on their economy.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by jibal on Sunday August 31, 2025 @12:45AM (#45080445)
No, Bob is right and you are wrong.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by youngtaff on Sunday August 31, 2025 @02:16AM (#45080807)
Nah… UK’s economy is broken due to the fact we’ve never recovered from the financial crisis

It’s also due to the lack of investment in heathcare, education and other public services over the last 14yrs

Britain still has very many extremely rich people - London has more billionaires than NY - Serious Money by Caroline Knowles is an interesting exploration of the subject

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by cycomanic on Sunday August 31, 2025 @03:43AM (#45081232)
Just one more follow up, the US is 27th on social mobility, behind most EU countries, Australia, New Zealand and most other countries which are consider "western"

https://en.m.wikipedia.org/wiki/Global_Social_Mobility_Index

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by jkestner on Saturday August 30, 2025 @10:03PM (#45079673)

  the US has the highest class mobility among western nations
Source? The rankings I see have the US behind most of Europe.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by jandrewrogers on Saturday August 30, 2025 @10:29PM (#45079813)
You are thinking of “social mobility”, which is a term of art that doesn’t mean what people assume it means. It is essentially a zero-sum rank of your income compare to your neighbor. You can become poorer and still be “socially mobile” or much richer and not be “socially mobile”.

Social mobility has very little to do with increasing your economic welfare in any absolute sense. It strongly favors countries with highly compressed wages and doesn’t imply much about ease of increasing income since it is only weakly correlated with that.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by dismalaf on Saturday August 30, 2025 @11:28PM (#45080117)
Economic, class, social mobility classically means ability for an individual to attain significantly more wealth than they were born with and ability to change their and their family's lifestyle. In which case it's not zero sum.

But yeah, some statistics indeed are just likelihood that the ranking order changes, or even self-reported...

It's like the definition of "middle class". Everyone thinks they're middle class. The OECD calls anyone with 75% to 200% of the average income "middle class". Classically the term means you are above the labour class but not noble.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by seadan83 on Sunday August 31, 2025 @12:50AM (#45080467)
AFAIK the stats do show Europe passing the US in class mobility as of about 20 years ago. It is notable as Europe of course had low class mobility and the US just dominated class mobility.

AFAIK class mobility is measured by class at birth compared to adulthood (i believe as measured by net household wealth)

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by dismalaf on Saturday August 30, 2025 @11:04PM (#45079999)
Beware of rankings that rate perception.

Also most easily available statistics are from 2020. The US economy has been a massive winner post-Covid and has diverged a lot from some countries.

This website should be a good example. The typical Sr Software dev in the US would be in the top 1% to 0.1% of earners in European countries and Canada. The US has more millionaires than many entire European countries have citizens.

A top 10% earner in the US would be in the top 1% in Canada. An AVERAGE earner in the US is about top 10-15% in Canada.

Class mobility (or social mobility) indicates ability to go from lower to middle class, working class to generational wealth, etc... All income statistics show the US as having a particularly large amount of high income earners, self made millionaires (and billionaires), etc...

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by monero-xmr on Saturday August 30, 2025 @11:07PM (#45080024)
It’s not even worth arguing. Anyone in the real world knows the US is where everyone with any ambition whatsoever wants to be, in any industry except nepotism and government-connections. HN is beyond absurd
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by CursedSilicon on Sunday August 31, 2025 @12:16AM (#45080334)
Hi, I live here

My priorities do not align with your postulating

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by jibal on Sunday August 31, 2025 @12:46AM (#45080447)
> It’s not even worth arguing.

Fine, then we can safely ignore anything you write.

> HN is beyond absurd

Because not everyone agrees with you.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by VBprogrammer on Sunday August 31, 2025 @03:54AM (#45081310)
Certainly from an entrepreneurial stand point it's beneficial. On the other side, it's current decent in to an authoritarian police state is kinda hard to ignore.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by bigyabai on Sunday August 31, 2025 @01:22PM (#45084968)
Anyone who took macroeconomics knows that stratifying an economy of ~370 million people by ambition ends with the most ambitious employees working the behind-the-counter at McDonalds. None of them ever end up at the fed, or filling white-collar corporate seats, that's been an open secret since the '80s. By the sound of it, you're just regurgitating Tweets you read in 202X while VCs were insecure about China whooping their ass in natsec, AI and robotics.

Support ambition all you want - just don't come crying to us when the B2C market dries up entirely.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by monero-xmr on Saturday August 30, 2025 @10:11PM (#45079723)
The average European is poorer than the average person from Mississippi, the US’ poorest state. It isn’t even comparable
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by danans on Saturday August 30, 2025 @10:37PM (#45079855)
> The average European is poorer than the average person from Mississippi, the US’ poorest state

Mississippi has a GDP per capita of $53k.

11% of Mississippi's population has no health insurance.

Mississippi is one of the highest inequality states in the US. Its median income is $30k. It's Gini Index is 49%.

It has poor physical and social infrastructure by advanced country standards.

Spain has a GDP per capita of $35k. Its median income is $20k.

Everyone in Spain is covered with modern healthcare.

Spain has a nationwide high speed rail network. A lot of its infrastructure is top-notch compared to Mississippi and even wealthy parts of the US.

This is despite Spain having some of the highest inequality in Europe, and undoubtedly a host of other problems, including decreasing affordability for average people. Yet it's inequality is far lower than Mississippi, with a 31% Gini Index.

So perhaps GDP per capita doesn't tell the full story. Also, I'm being fair by comparing Mississippi to one of the poorer countries in Europe, not one of the middle or wealthier countries.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by monero-xmr on Saturday August 30, 2025 @11:05PM (#45080010)
I know several Spaniards who emigrated to the US, including my sister-in-law. The situation you describe is… one of statistics and not reality
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by CursedSilicon on Sunday August 31, 2025 @12:17AM (#45080336)
Why does your anecdotal evidence trump math, exactly?
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by xethos on Saturday August 30, 2025 @11:30PM (#45080134)
Beyond "Statistics and anecdotes are different", there's probably some heavy selection bias presented in "Spaniards that had the wealth to emmigrate"
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by arunabha on Saturday August 30, 2025 @11:58PM (#45080258)
Undoubtedly, but the corollary 'statistics is not reality' doesn't really hold. I'm sure people here would know many Americans who moved to Spain.

Statistics might not be ideal, but making policy decisions based on anecdotes is far, far worse.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by danans on Saturday August 30, 2025 @11:23PM (#45080094)
> I know several Spaniards who emigrated to the US,

As do I. They all seem to have moved to cosmopolitan places with advanced economies, not Mississippi. I also have friends and relatives that have migrated to Spain. Overall, there is no mass migration in either direction.

> The situation you describe is… one of statistics and not reality

A high speed rail network and universal healthcare are not statistics, they are as real as it gets.

But I definitely agree that Spain is probably not a good place if you want to make an absolute shitload of money.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by jibal on Sunday August 31, 2025 @12:50AM (#45080465)
> The situation you describe is… one of statistics and not reality

So you reject mathematics in favor of a few cherry-picked experiences.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by fcatalan on Sunday August 31, 2025 @01:54AM (#45080691)
I'm Spanish. I make about 40k/yr. I wouldn't move to the US for, say, 200k.

I have excellent 0€ out of pocket 0 paperwork healthcare. I walk to my 35 hours per week job. I have about 50 days of vacation each year. I have a small second home down in the beach to enjoy them. In my 150k people hometown some years there is a murder or two, and most years there isn't one. When people rob a business they might threaten with a tiny Swiss Army knife, or maybe just yell very hard.

I'll stay thanks.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by defrost on Saturday August 30, 2025 @10:30PM (#45079819)
Indeed.

The nation V. nation median ranking of class mobility is hardly the Nation V. {many nations} average of wealth.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by Insanity on Sunday August 31, 2025 @12:47AM (#45080455)
This is an incredibly naive take in trying to postulate the US as a better place to live, and genuinely makes me curious how much you’ve actually seen of EU.

Quality of life, by a number of metrics like HDI, is higher in (Western) European countries compared to the US. And even while total salaries might be lower, healthcare infrastructure, life expectancy, food quality etc are better.

Pure take-home money doesn’t tell you the entire picture.

And for pure anecdata, I have friends who migrated to the States and then moved back to EU when they had kids because EU seemed like the safer and better place to raise them.

You can find anecdata to tell pretty much any story you want to tell though.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by sensanaty on Sunday August 31, 2025 @09:19AM (#45082952)
"Poorer" in what aspect(s), exactly? Because not everything is about gross monetary amounts when it comes to a good life. Even the poorest of the European nations (never mind that EU !== Europe, and that by invoking Europe you're also talking about the countries with the highest QoLs in the entire world like the Scandinavians) still have superior worker protections & medical infrastructure that doesn't leave the poor in generational debt than the US, which for me both rank infinitely higher than earning more money. I'm sure the poor Mississippians wouldn't mind some of those 30+ paid vacation days my Spanish friends get in exchange for earning a bit less.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by greesil on Saturday August 30, 2025 @11:33PM (#45080147)
Cite your sources. That may have been true 30 years ago.

What is the incremental value of having a rich person around? Increased yacht sales?

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by ambicapter on Saturday August 30, 2025 @10:21PM (#45079769)
The US used to have to class mobility. The completely disproportionate wealth of the current crop of billionaires is evidence instead that that mobility has disappeared, and that the accrual of wealth by the already wealthy is the dominant class "mobility" pattern today.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by Der_Einzige on Saturday August 30, 2025 @10:00PM (#45079660)
The globe can collaborate to make sure capital has nowhere to fly to. Form the USSA and get china onboard and let the USSR come back (they’re still the loyal opposition in today’s Russia) and capital will just fucking take it like they deserve to. What, you gonna go to the moon now?
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by decimalenough on Saturday August 30, 2025 @10:11PM (#45079716)
> The globe can collaborate to make sure capital has nowhere to fly to

<meme>hahahaha no</meme>

There are countless places that are more than happy to accept capital with few questions asked. Including, funnily enough, the US itself.

https://www.project-syndicate.org/commentary/america-becomin...

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by nemo44x on Saturday August 30, 2025 @10:14PM (#45079740)
The globe is way too disorganized and corrupt to have a chance. Sit down, dork.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by Der_Einzige on Saturday August 30, 2025 @10:54PM (#45079940)
You think I’d be caught dead using a standing desk? That’s the real insult.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by nemo44x on Monday September 01, 2025 @06:46PM (#45097279)
Ok that’s fair.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by cycomanic on Sunday August 31, 2025 @03:40AM (#45081210)
I don't know how you came up with that statement. It certainly does not reflect reality unless you don't count Sweden, Germany, Canada as part of the western world.

>Individual studies have estimated absolute mobility rates for recent cohorts of roughly 50% in the US (Chetty et al. 2017), 53% in Canada (Ostrovsky 2017), 70% in Germany (Bönke, Harnack, and Luthen 2019; Stockhausen 2018), and 77% in Sweden (Liss, Korpi, and Wennberg 2019).

From https://www.ifau.se/globalassets/pdf/se/2020/wp-2020-11-tren...

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by dismalaf on Tuesday September 02, 2025 @01:49PM (#45106588)
> It certainly does not reflect reality unless you don't count Sweden, Germany, Canada as part of the western world.

Look at this chart: https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?location...

Look at the divergence from the US.

Canada's GDP per capita is barely above 2013 levels (~4%), meanwhile the US' is 60% higher. Wages in Canada have been stagnant, there is NO social mobility at all, it's completely fucked.

Where I came up with this statement? Actually knowing things about economics and following the CURRENT numbers. Not a 2017 study (which probably took a couple years and using data from 2015 or earlier) which is completely worthless in 2025.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by simonh on Sunday August 31, 2025 @12:42AM (#45080429)
The fundamental question is who gets to start, control, own and grow businesses. Who makes those decisions? If it’s not private citizens, it is government functionaries. The latter has been tried many times. It can just about work, but only barely, and it has all the same problems of patronage, cronyism, monopolisation and labour abuse as capitalism but x10.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by Eisenstein on Sunday August 31, 2025 @01:42AM (#45080643)
We also tried the 'let the market do whatever it wants' method and it ended up with babies being fed milk with formaldehyde in it, pharmaceuticals that were mostly opiates or ethanol, and entire industries owned by single families.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by speakfreely on Sunday August 31, 2025 @01:37AM (#45080622)
Capitalism is a morally reprehensible way to distribute resources in a society, but still better than any of the alternatives.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by kruffalon on Sunday August 31, 2025 @01:53AM (#45080686)
> but still better than any of the alternatives.

Is it though?

For many of our current societies I would say that we have failed to distribute the available resources. And even more so if we look at how we have failed distributing resources between societies and countries.

> Capitalism is a morally reprehensible way to distribute resources

Agreed!

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by tomhow on Sunday August 31, 2025 @09:31AM (#45083035)
Comments should get more thoughtful and substantive, not less, as a topic gets more divisive.

Eschew flamebait. Avoid generic tangents. Omit internet tropes.

Please don't use Hacker News for political or ideological battle. It tramples curiosity.

https://news.ycombinator.com/newsguidelines.html

We detached this subthread from https://news.ycombinator.com/item?id=45079542 and marked it off topic.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by righthand on Saturday August 30, 2025 @11:45PM (#45080200)
Mamdani advocating that the state gov tax millionaires 2% more is not the same as having the power to tax millionaires. You should look up what a mayor actually does (hint: balance budgets with city council and strike new initiatives and work with the police department).

2% is hardly worth fleeing.

And Mamdani hasn’t even been elected yet.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by macintux on Saturday August 30, 2025 @06:37PM (#45078595)
I’m curious whether it’s more the tariffs, or the uncertainty. No one knows what will happen on a day-to-day basis: the chaotic (and illegal) decision-making leaves everyone wondering what’s next.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by YZF on Saturday August 30, 2025 @06:54PM (#45078705)
The hiring slowdown predates tariffs. For various reasons CEOs either believe they can do more with less people, or that they can hire cheaper people in other geographies, or both. Businesses (tech or financials) don't seem to be telegraphing uncertainty, S&P 500 revenue is at all times high and trending up, earnings/profit all time highs and trending up, valuations all times high and trending up.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by vkou on Saturday August 30, 2025 @08:39PM (#45079312)
> The hiring slowdown predates tariffs.

That's true, but it didn't predate the election of a man who has made his understanding of tariffs and economics crystal clear in the months and years leading up to January 2025.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by mattmaroon on Saturday August 30, 2025 @09:00PM (#45079407)
The tariffs this time are far in excess of anything he did previously or promised to do while running for office again and took nearly everyone by surprise though.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by denismi on Saturday August 30, 2025 @09:25PM (#45079501)
This pre-election BBC summary - https://www.bbc.com/news/articles/cwy343z53l1o - pretty clearly spells out what has eventuated, describing it as a "central campaign pledge":

> Trump has made tariffs a central campaign pledge in order to protect US industry. He has proposed new 10-20% tariffs on most imported foreign goods, and much higher ones on those from China.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by trebligdivad on Saturday August 30, 2025 @09:39PM (#45079573)
I don't think there's that much surprise at the tariffs on China; it's the tariffs on the rest of the world, especially friendly countries like Canada that are the big surprises. Also, who believes politicians campaign pledges?
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by burnerthrow008 on Sunday August 31, 2025 @01:19AM (#45080562)
> Also, who believes politicians campaign pledges?

Only all the people who voted for them and all the people who voted against them?

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by rusk on Sunday August 31, 2025 @05:50AM (#45081897)
US elections have a shockingly low turnout compared to other countries so not the affirmative you were hoping for
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by dgfitz on Sunday August 31, 2025 @08:45AM (#45082756)
Maybe if Harris had made a few she would have won…
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by const_cast on Sunday August 31, 2025 @11:44AM (#45084068)
She did, everyone just sort of... pretended she didn't. So they could have plausible deniability for voting for Trump.

See also: Harris is an elite! (Trump is more elite), Trump knows business (he's a pretty bad business man), Harris did nothing in office! (She was VP), Trump is the underdog! (He's literally already been president)

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by dgfitz on Sunday August 31, 2025 @03:14PM (#45086125)
She did? What was her platform? I never did figure it out.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by dgfitz on Tuesday September 02, 2025 @02:55PM (#45107459)
The second paragraph of your first link: “ However, she has not provided many details on her plans”

Edit: did you read these links?

“ The American people lacked any concrete policy positions from the presumptive, and then official, Democratic presidential candidate for seven weeks following President Joe Biden’s withdrawal from the 2024 presidential race.

Despite the absence of clarity on key issues, Vice President Kamala Harris quickly rose in the polls compared to Biden”

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by nobody9999 on Thursday September 04, 2025 @07:50PM (#45133550)
Then look at one or more of the hundreds of links that provide specificity.

Or continue on with your willful ignorance.

It's no skin off my nose either way.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by tharmas on Sunday August 31, 2025 @04:28PM (#45086795)
Harris was a terrible candidate. And not chosen by the delegates. The Democrats have to take some of the blame for Trump 2.0, surely?

Trump was a terrible candidate and could've been beaten if a good candidate running against him.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by macintux on Sunday August 31, 2025 @08:46PM (#45088408)
Speaking as someone who despises Ted Cruz to the bottom of my soul, I decided in 2016 that if Trump had decided to run as a Democrat, I would have voted for Cruz. At least he has some sincerely held beliefs that do not involve his own wallet and cruelty towards the entire world outside his inner circle.

My point being: at some point the American electorate has to take responsibility for picking the worst available person. The Democrats did not compel them to vote for Trump.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by tharmas on Sunday August 31, 2025 @09:45PM (#45088685)
≥The Democrats did not compel them to vote for Trump.

Perhaps i didn't make my point clear. Indeed ur statement is true. I was referring to those who hated Trump but also hated Harris and so DIDNT VOTE. My point being that if the Democrats had fielded a compelling candidate many of those who didn't vote may have voted for them. Enough to win. The Democrats learned nothing when they fielded Hilary Clinton and lost. Joe Biden barely won. And only because they were sick of Trump and also how he handled Covid. Also don't forget the Democrats tried to run with Joe for a second term when he was clearly unfit. Huge turn off.

So yes, my argument is the Democrat Party is partly at fault for Trump 2.0. They did not field a worthy candidate.

"Vote Blue no matter who" is a failed strategy. And rightly so.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by triceratops on Monday September 01, 2025 @12:16PM (#45093989)
> Joe Biden barely won

That's a bit revisionist. He won the popular vote by almost 5 percentage points. That's a lot. He also got more electoral college votes than GWB (both times) and Trump in 2016.

I honestly don't blame the guy for believing it was his responsibility to the country to run for re-election and keep Trump out of office. His heart was in the right place, even if the rest of him wasn't up to the task anymore.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by tharmas on Wednesday September 03, 2025 @04:27PM (#45120035)
Trump in 2020 was such a shitty candidate that he should've been easily trounced.

So anything a lot kess than that looks to me like ”barely". Perhaps im too harsh?

I get why Michelle Obama wont run but i think she would've trounced trump in 2020 or 2024.

The democrats need to field a candidate that has her kind of appeal to beat trump.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by cowboylowrez on Monday September 01, 2025 @03:40PM (#45095917)
I love how people are blaming democrats for electing trump. Its just such a dystopian timeline lol
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by tharmas on Wednesday September 03, 2025 @04:17PM (#45119953)
Really?. I argue that if the Democrats could've fielded a candidate voters felt good about voting for, it would've been no contest.

What is wrong with my logic?

It sounds like ur logic is: if u don't want trump then u have to vote for the (shitty) democrat candidate.

My point of view is based on those who DIDN'T vote at all, not people who voted for trump because they didn't like harris.

Oh wait, its entirely their (non voters) fault trump won, is what u would argue, correct?

So the democrats have no responsibility to field a candidate worthy of a vote except their not trump or Republican?

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by verzali on Sunday August 31, 2025 @03:23AM (#45081115)
Why on Earth not? Didn't people pay attention during his first term? This was 100% predictable.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by macintux on Sunday August 31, 2025 @08:29AM (#45082684)
The key difference seems to be that this time:

* Groups like Project 2025 spent years preparing an assault on our legal system

* This time Trump populated his administration with sycophants from day 1, instead of starting out with establishment figures

* The GOP has spent the last 8 years reconfiguring themselves into supplication

This time, Trump is fully unhinged and unfettered, and he knows the legal peril he faces if the White House isn’t GOP-held for the rest of his life.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by southernplaces7 on Sunday August 31, 2025 @11:13PM (#45089110)
>and he knows the legal peril he faces if the White House isn’t GOP-held for the rest of his life.

This combined with the utter self-emasculation of the Republican Party to Trump's incoherent, or at best self-serving, garbage is the most worrisome thing of all.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by dml2135 on Sunday August 31, 2025 @11:28AM (#45083931)
> Also, who believes politicians campaign pledges?

People who actually understand politics and who realize that the extent to which politicians keep their campaign pledges is usually related to how their parties end up performing in the legislature, rather than just being dishonest.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by esseph on Sunday August 31, 2025 @03:53AM (#45081304)
That is not the 40-60-200% tariffs he has placed on things, depending on the day of the week.

That uncertainty makes it very hard to manufacture goods or buy raw materials.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by donalhunt on Sunday August 31, 2025 @05:19AM (#45081749)
It also disrupts JIT supply chains. Companies make decisions with certain variables not being volatile.

You now have a situation where one week the cost of a commodity is X and the following week it could be 2X. The butterfly effect across industries also cannot be predicted.

Many industries also seem to be still recovering from the pandemic period with supply of spare parts still being de-prioritised over making parts available for new units. :/

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by jibal on Sunday August 31, 2025 @12:54AM (#45080487)
It didn't take informed people by surprise. We still see people denying that Trump had anything to do with Project 2025, whereas honest informed people knew that he very much did.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by mattmaroon on Sunday August 31, 2025 @05:39AM (#45081844)
Nobody informed saw massive tariffs on India, Brazil, etc. If you were right the stock market wouldn’t have tanked because the smart money would have priced it in.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by r2_pilot on Sunday August 31, 2025 @09:13AM (#45082907)
Maybe the smart money shorted on the tank. After all, if you know there's going to be a downturn in a known time period that's a smart move. I believe it's worth analyzing who sold what and when, if not for insider trading, then at least for historical knowledge.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by cmurf on Sunday August 31, 2025 @04:53PM (#45086982)
Trump’s style of governing is patrimonialism. Mafia. It’s how he ran his businesses, and Trump 1.0. It’s entirely predictable that he’d go much further this time around as he claimed DOJ should act as his personal law firm.

Modi pissed Trump off by refusing to support a nomination for him to get the Nobel. And Trump hit India with tariffs. Unsurprising to anyone paying attention.

https://www.nytimes.com/2025/08/30/us/politics/trump-modi-in...

No one is so stupid they can’t follow this, and predict the aggregate consequence well in advance.

It’s only by willfully suspending rationality, that people convinced themselves the obvious wouldn’t happen. And one of those is an insistence that the only valid form of prediction is at an absurd level of prediction granularity, rather than the inevitable storyline as a consequence of Trump’s intrinsic corruption and ability to corrupt everyone around him (or else they discarded and flung far away).

Trump is famously a racist, a rapist, a felon, and a vile insurrectionist. Nothing good could possibly have followed his election. Indeed, we’re really lucky so far. It’s going to get much worse.

tl;dr Elect an abuser, get abused.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by mattmaroon on Saturday August 30, 2025 @08:59PM (#45079399)
There are other options, it’s not that simple. They may foresee an economic slowdown (they certainly say they do at every opportunity), they feel they are currently overstaffed, the ETF and hedge fund managers who own most of their stock are pressuring them to save money because they don’t like what they’re reading in the tea leaves, etc.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by epistasis on Saturday August 30, 2025 @09:33PM (#45079547)
That was the entire point of hiking interest rates, to slow down the economy and stop inflation. Tariffs are universally acknowledged to cause inflation, and we would be in a recovery path if it weren't for the delays that tariffs are causing right now.

It is rather interesting to see the difference in standards of accountability for different presidents. Some are responsible for the economy even if its behavior is not sure to their actions. Others are not responsible for poor economic performance even when taking actions universally agreed to harm the economy.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by jibal on Sunday August 31, 2025 @12:52AM (#45080473)
Let's be clear on who has these different standards: primarily Republicans, members of the party whose lifeblood is hypocrisy.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by macawfish on Sunday August 31, 2025 @10:54AM (#45083618)
They sold us out in the name of holy apocalyptic chaos and destruction
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by gdilla on Monday September 01, 2025 @09:31AM (#45092577)
All they had to do was prey on fragile white grievances, and it worked.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by jibal on Tuesday September 02, 2025 @09:36AM (#45102934)
"If you can convince the lowest white man he's better than the best colored man, he won't notice you're picking his pocket. Hell, give him somebody to look down on, and he'll empty his pockets for you." -- LBJ
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by Der_Einzige on Sunday August 31, 2025 @11:43AM (#45084063)
Remember what straws they had to grasp at to critique obama?

https://en.wikipedia.org/wiki/Barack_Obama_tan_suit_controve...

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by spauldo on Sunday August 31, 2025 @12:22PM (#45084363)
Remember the "terrorist fist jab?"
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by YZF on Sunday August 31, 2025 @01:40AM (#45080633)
GDP is still growing and inflation has come down. I agree tariffs contribute to inflation: https://www.frbsf.org/research-and-insights/publications/eco...

Before tariffs, in the post-pandemic recovery, we also didn't see hiring go back to pre-pandemic levels. There are other forces like AI adoption.

I don't have good intuition around the connection between tariffs and jobs. Yes, higher inflation may require cooling down the economy. But right now it looks like rates will be going down and anyways rates haven't really slowed down the economy that much. Inflation did come down. Inflation can have some benefits too for employers, it erodes the employee's salaries (and potentially other costs). If companies can raise prices and not pass that on to employees or to their suppliers (as they've seemingly done during this last inflation cycle) then it can be a win for them. A weaker dollar can also help US companies compete globally.

If companies are doing well and growing, and they seem to be, why aren't they hiring more? The largest US tech companies are sitting on piles of cash and making huge profits, for some time now. Is it just that they've become more productive and need less people? Maybe they don't have anywhere to put more people towards? Maybe they're hiring outside the US (this one is not a maybe- they are). Is the uncertainty related to progress in AI? to other macro factors?

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by esseph on Sunday August 31, 2025 @03:52AM (#45081302)
Because they're terrified of the uncertainty of the long tail of the tariffs. It takes months and months to see the products of those.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by YZF on Sunday August 31, 2025 @02:22PM (#45085568)
But the change in hiring trends goes back to the beginning of the pandemic. This can't all be explained by tariffs. There is always uncertainty about the future but it seems there's been a shift in behavior across the board (CEOs copying each other is also a problem) that has been lasting many years. I guess you could blame it on Trump's first presidency if you really want to make this political.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by mensetmanusman on Sunday August 31, 2025 @04:51PM (#45086964)
Terrified billionaires, lol
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by esseph on Sunday August 31, 2025 @06:14PM (#45087600)
No, terrified people that do actual work.

How do you bid on a big project if you don't know what materials will cost next month, or 6 months, or a year from now? It's fucking impossible. And with inflation, labor cost is spiking. It's hard for people to get buy, so they're asking for more. It has investors and banks spooked to loan money for projects, because they could easily fail with so much volatility.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by heisenbit on Sunday August 31, 2025 @06:20AM (#45082027)
Looking at the 30 year chart YTD there is no indication that rates come down. The short side may be under control of Trump - who's bullying of the Fed raises the prospect of them coming down but the long end of the curve is under the control of market forces and it does not look like going down at all. Real estate market effectively frozen with sales down and for sale up in the realm of decade highs.

Nobody mentioned yet the drop of the dollar making every single import 10% more expensive since the start of the year. That is on top of every tariff and is inflationary.

Government spending went up by a surprising amount while tariff revenue rolls in. I suspect one reason there is no detailed budget is to create the space to move things around without much notice. If a large swath of the tariffs would be ruled illegal (already happened twice, one step to final) the situation could become interesting.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by tharmas on Sunday August 31, 2025 @04:22PM (#45086735)
The goal of this administration is a low $US.

I imagine to make American exports cheaper.

It will take years to make America an exporting nation. In the meantime many many businesses will go bankrupt. This administration doesn't care as they just see it as a cost of fulfilling their longer term plan to make America an exporting nation.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by NooneAtAll3 on Sunday August 31, 2025 @03:43AM (#45081230)
S&P 500 or S&P 10, tho?
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by jaynate on Sunday August 31, 2025 @08:06AM (#45082541)
Nearly 10% of the s&p 500 value is one company- nvidia. The mag 7 make up a significant portion. Prosperity isn’t distributed, it’s concentrated and the stock market is not even close to the only measure of the health of the American economy.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by cyanydeez on Sunday August 31, 2025 @11:40AM (#45084035)
Market bubbles combined with parallel political bubbles are probably the real black swan event coming down the pike
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by stirfish on Sunday August 31, 2025 @07:07PM (#45087893)
What is a political bubble? I googled it, but I'm getting definitions closer to "my news feed only shows me what I want to see"
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by Yizahi on Monday September 01, 2025 @06:44AM (#45091525)
If I had to guess - "political bubble (bursts)" is when an extremely incompetent and/or radical politician suddenly is elected to one of the top posts in a country. So it's like a closed off boiling pot - incompetent radical has 5% of the electoral base and nothing happens, then 10%, then 20%, 30%, 40%, still nothing, and then one day he "suddenly" crosses 50% threshold and bubble bursts, he is now in charge for real.

For example in France their own Le-Trump aka Marine Le Pen had 41% votes last election cycle, so nothing really happened and system centrists won again, politics remained moderate and predictable. But if she or her ideological successor even takes 50%... hooboy, EU will see some Orbanification just like USA does today.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by cyanydeez on Monday September 01, 2025 @08:10PM (#45097758)
Start with the idea of political capital and end with the monumental loss of value and trust in the political system
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by PeterStuer on Sunday August 31, 2025 @03:42AM (#45081223)
It is more the volatility for sure. Tarrifs have existed forever and business has always coped with them.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by pstuart on Sunday August 31, 2025 @03:58AM (#45081332)
This is different -- the tariffs are being applied and changed chaotically, with no direction on actually serving the point of protecting native industry. The goal of the tariffs is to replace income tax, everything else is a smokescreen.

https://www.cnbc.com/2025/04/22/trump-tariffs-replace-income...

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by whatevaa on Sunday August 31, 2025 @07:11AM (#45082280)
They didn't change monthly.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by ldoughty on Sunday August 31, 2025 @07:24AM (#45082339)
You can't write a business plans/proposals and get loans/management approval on these kinds of tariffs.

Imagine trying to get a loan from a bank to make a USA manufacturing plant, pointing to the 150% Chinese tariff. A week later the tariff is 25%. Does your math still work? Probably not. Will that bank continue the loan? Nope. Will the bank even entertain a similar proposal from someone else right now? Nope.

If you want to grow USA manufacturing you need to subsidize it, or give private industry confidence it's not going to lose them money. If you can't do that, your relying on charity / non-profit / philanthropy... And I don't see many of those in manufacturing.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by infecto on Sunday August 31, 2025 @01:37PM (#45085110)
I would say more about general uncertainty than volatility but similar thought. Disagree on the reason though, tariffs like we are experiencing have not been in our existence for a couple generations. And especially not in the modern connected global market.

I don’t believe most if not all of us have experienced such an immature and erratic administration. We are taxing trade partners, flip flopping on rules and nobody knows what to make of it.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by nnurmanov on Sunday August 31, 2025 @07:18AM (#45082312)
I live in such country, local currency volatile, laws are changing. There is no long term planning, projects should span 1-2 years and if they bring income, then you are lucky. In long term the situation is no good
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by motbus3 on Monday September 01, 2025 @06:56AM (#45091612)
My guess is just, well, a guess, but the real impact of tariffs will take some time to hit. For now it is a turbulence of the uncertainty, but as people understand how to work on this situation we'll see numbers getting more stable. My second guess is that inflation will grow as other markets will learn to deal with the situation. It is taking some time, but other economic blocks might make strong moves altogether causing at least a bruise in the metrics.

Also we need to remember that the guy responsible for the numbers was fired for allegedly political reason and that could have been political and no one will ever be sure. So how can one trust the numbers in that situation? It has been... Weird

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by bitshiftfaced on Saturday August 30, 2025 @06:59PM (#45078740)
Looking at total private jobs over time, growth slowed after the post covid bump, but 2025 doesn't look all that different from 2024: https://fred.stlouisfed.org/series/SMU36935610500000001SA#
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by JumpCrisscross on Saturday August 30, 2025 @07:32PM (#45078942)
Both the NYC Employment Data the New York Times cites [1] and these Fed data [2] are seasonally adjusted. Would take them with a shaker of salt given the assumptions in those adjustment models are likely currently under assault. (Hehe.)

[1] https://www.nyc.gov/assets/omb/downloads/pdf/sa-methodology-...

[2] https://www.census.gov/data/software/x13as.html

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by timr on Saturday August 30, 2025 @06:51PM (#45078679)
Even assuming that there were no other federal, state or local YoY differences [1] that could explain this change (and that the numbers are right as presented in the first place), New York City private sector employment is nothing like most other parts of the US: it's the largest city in the US by a large margin, it has a concentration of employment in a few major industries (finance, fashion, publishing, software) that aren't represented elsewhere, and...it hasn't been a manufacturing center since the victorian era.

You can't wave this away with "NYC is a leading indicator for the US economy". To the extent that it's true at all, you could say it about any large city in the US.

[1] Like, say: interest rates, the business cycle, AI, the slowdown in software hiring, or the minimum wage increase that NYC implemented on January 1, 2025.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by fn-mote on Saturday August 30, 2025 @06:58PM (#45078736)
This dismissal of a massive drop in hiring (literally 1.5% of the previous half year’s reported hiring) is wishful thinking.

“Ignore this data point, NYC is special.” Color me skeptical.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by timr on Saturday August 30, 2025 @07:00PM (#45078746)
I'm not ignoring it, but I’m not falling into a post hoc fallacy, either.

I'll put it this way: if I were ignoring it, I'd be ignoring one more data point than you are in cherry-picking a single example.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by lovemenot on Saturday August 30, 2025 @07:08PM (#45078803)
I'd be ignoring one more data point
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by timr on Saturday August 30, 2025 @07:09PM (#45078809)
whoops. fixed.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by apical_dendrite on Saturday August 30, 2025 @07:21PM (#45078886)
It's true that NYC private sector employment is different from the US labor market as a whole, but NYC private sector employment is better representative of what readers of this site care about than overall US employment. Readers are much more likely to be affected by changes in the professional services and information sectors than, say, agriculture.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by timr on Saturday August 30, 2025 @08:40PM (#45079313)
And again, even if you assume that all of that is true, you're still making a leap of logic that these changes are because of the tariffs.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by immibis on Saturday August 30, 2025 @10:06PM (#45079691)
What else changed?
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by timr on Sunday August 31, 2025 @01:21AM (#45080567)
I named several in my original comment.

The big, blinking, obvious YoY change for anyone here is tech employment.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by immibis on Sunday August 31, 2025 @11:19AM (#45083841)
As a result of tariffs
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by mensetmanusman on Sunday August 31, 2025 @05:23PM (#45087225)
No, that was R&D deduction changes.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by epistasis on Saturday August 30, 2025 @09:31PM (#45079534)
The agricultural section indicators are that there's about to be a big, expensive bailout for ag:

> “Right now, we have zero bushels of soybeans on the books with China for this fall harvest that has begun in the Deep South,” Ragland said. “Normally by this time, close to 40% of our sales for the marketing year are on the books. And with zero on the books right now, it is alarming for American soybean farmers.”

https://www.farmprogress.com/soybean/us-soybean-exports-to-c...

The first time that Trump screwed over with tariffs, they got tons of bailout money that we all paid for.

Not all sectors of the economy are so lucky. The big man at the top must be paid with either bribes or allegiance or both.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by jrs235 on Sunday August 31, 2025 @10:40AM (#45083489)
It's part of the plan. Small farms will be the ones to go bankrupt. The large corporate, black rock et al owned, "farms" (read businesses) will be bailed out and allowed to scoop up the little ones for pennies onto the dollar.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by enaaem on Sunday August 31, 2025 @04:19AM (#45081432)
ICE raids are freeing up a lot of spots in the agri sector.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by atoav on Saturday August 30, 2025 @07:55PM (#45079076)
Yes, a tariff can be a good measure. But for that the tariffed goods need to be selected carefully and rationally und not whatever the heck the Trump administration is doing.

For example you can tariff bananas all you like, that won't spark widespread banana production in a climate that can't grow them.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by californical on Sunday August 31, 2025 @03:11AM (#45081050)
No but it could shift consumer demand a bit to favor apples, for example, which largely come from domestic sources.

Not arguing one way or another, but your reduction isn’t quite accurate with the affects tariffs can have

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by m348e912 on Sunday August 31, 2025 @06:54AM (#45082186)
Hawaii produces 6.3 million lbs per year of bananas which is a tiny fraction of the 8 million metric tons per year Ecuador produces. Labor and land cost is the primary reason Hawaii can't compete with Latin America, but long-standing tariffs could change that.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by simonh on Sunday August 31, 2025 @07:48AM (#45082452)
About 2m people are employed directly or indirectly in the Ecuadorean banana industry. The total population of Hawaii is only 1.5m. Also you could fit Hawaii in a corner of Ecuador.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by toast0 on Sunday August 31, 2025 @08:20AM (#45082620)
Hawaii is already heavily agricultural. Most of the non-agricultural land is reserved for conservation. Banana production would likely replace other production, and then we've got less of that stuff.

Also, shipping to continental US is limited by the Jones Act and the lack of capacity in US built, owned, and crewed shipping lines. Assuming a desire to produce things in the US, I don't think it's sensible to tarrif bananas to grow them in Hawaii, and then relax the Jones act so they can be shipped to the continental US on foreign carriers.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by xnx on Sunday August 31, 2025 @12:24PM (#45084399)
Isolationists would say we should be eating corn instead
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by mupuff1234 on Saturday August 30, 2025 @08:55PM (#45079382)
And yet the rent in NYC just seems to go up and up.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by hunglee2 on Sunday August 31, 2025 @03:02AM (#45080997)
rental prices are driven by P/E redirecting funds to the purchase of housing stock, which they then use to jack up the rent. Fuedalism is returning by stealth.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by hdgvhicv on Sunday August 31, 2025 @04:37AM (#45081523)
If there’s demand for 5 million units and supply of 6 million prices will go down as 1 million units will be empty

If there’s demand for 5 million units and supply of 4 million, prices will go up and 1 million will move out of the city

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by georgemcbay on Sunday August 31, 2025 @06:55AM (#45082190)
You conveniently left out the part where many large corporate landlords collude by using software like RealPage to enable widescale price fixing.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by hdgvhicv on Sunday August 31, 2025 @08:02AM (#45082524)
As do small landlords. they can only do this because supply is so constrained.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by beowulfey on Sunday August 31, 2025 @09:08AM (#45082880)
that is also assuming the demand is atomic when that isn't necessarily the case. A lot of that pooled demand can come from singular sources. in other words, not all demand is created equal
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by ipaddr on Sunday August 31, 2025 @11:55AM (#45084156)
In your first case they increase rent as a group and have 80+% occupancy.

In your second case they increase rent and people are forced into having roommates.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by andy_ppp on Saturday August 30, 2025 @11:28PM (#45080115)
Don’t worry, Trump can just keep firing the people who make the statistics until he’s proven right :-/
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by phkahler on Sunday August 31, 2025 @01:26AM (#45080591)
That has me shaking my head. He fired the BLS person claiming they were reporting inaccurate stats to make him look bad. A claim of partisan bias - could maybe be some truth to that. But to fire them and replace them? Then it will certainly be biased reporting. I suppose that makes sense if all you care about is image and not actually making things better.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by fundad on Sunday August 31, 2025 @09:44AM (#45083107)
I question the president’s cognitive state if he openly stated there would be some “pain” and then when the statistics show he was correct, he attacks the BLA director and claims the economy is booming.

The president and his defenders are playing us when they appear to want a growing economy. They don’t.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by yifanl on Sunday August 31, 2025 @12:55PM (#45084717)
Thankfully, the president doesn't need to be fully cognitive to be president, they just need to win an election every 4 years.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by fundad on Monday September 01, 2025 @09:22PM (#45098157)
What did JD Vance know about Trump’s health when he joined the campaign and why did he keep it from us?
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by mathiaspoint on Sunday August 31, 2025 @10:27AM (#45083391)
She had been doing crap job going back to Biden. I don't think she was fired for optics.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by ipaddr on Sunday August 31, 2025 @11:50AM (#45084115)
She is presenting numbers. A bad job might be using black font on a black background not the numbers are not what I want or businesses are not answering surveys quick enough.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by oenton on Monday September 01, 2025 @01:55PM (#45094990)
"She had been doing crap job" with all due respect, citation needed.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by RhysU on Sunday August 31, 2025 @12:02AM (#45080271)
I do not trust NY job numbers. Their unemployment system remains a disaster from the Covid years.

Source: Me trying to use it and encountering prior fraud. Light reading suggests many have experienced it.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by anecdatas on Sunday August 31, 2025 @12:08AM (#45080299)
Normally I'd be quippy about the plural of anecdote not being "data", but this isn't even plural. This is a single anecdote. The claim you have made is "I have encountered fraud, personally, so the system is a disaster."

Well run systems experience fraud. It's something you generally want to minimize, but like, it's not necessarily an indicator that the system is broken. Like... AWS has tons of fraud. AWS is still very much not a disaster. (Well, it kind of is a disaster, but mostly because it's a machine that chews up humans via oncall, which is unrelated to their fraud.)

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by RhysU on Sunday August 31, 2025 @08:28AM (#45082670)
As claimed, light reading confirms this observation to be data not anecdata.

"NY's COVID unemployment fraud topped $11B, partly due to system failures..."

https://www.yahoo.com/news/nys-covid-unemployment-fraud-topp...

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by anecdatas on Sunday August 31, 2025 @03:35PM (#45086334)
Look at more recent data. https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2...

It looks like fraud rate was typically 5-10%, which might be high, might be "fine". In 2020-21 and 21-22 fraud rate jumped way up to 20%, which is obviously way too high.

But in 2023-24 fraud rate is back down below 10%. We don't have 24-25 data yet, but it looks to me like we had a couple of unusual years during the pandemic, but audit controls seem to have reigned a lot of that back in.

I'd say, evaluate this year's data and then decide if this was a blip or not, then revise your mental model with data.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by margalabargala on Sunday August 31, 2025 @12:07AM (#45080289)
Shouldn't that be roughly constant across the year though? We don't need to trust the numbers to be exact, to observe a precipitous drop.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by RhysU on Sunday August 31, 2025 @08:35AM (#45082710)
Should fraud rates in public taxpayer-funded systems stay constant or go down over time, assuming no new fraud type is invented?
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by margalabargala on Sunday August 31, 2025 @05:20PM (#45087204)
Depends what if anything is being done to combat it.

One of the following is true:

- The numbers somewhat-accurately reflect the trend of employment

- Fraud levels were reduced 66x in one year

If it was the second one, that's a sufficiently massive reduction that news stories would be written about it. There would be stories about this great victory over fraud.

A quick search showed no particular anti-fraud measures or claims of effectiveness unique to that time period.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by nitwit005 on Sunday August 31, 2025 @04:00PM (#45086546)
Unemployment numbers will never work for counting the number of people actually unemployed. They do work for seeing unemployment trends. A ton of people suddenly applying for unemployment is a pretty clear signal.

Edit: typo

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by neuroelectron on Sunday August 31, 2025 @02:54AM (#45080965)
Real jobs or government jobs?
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by PeterStuer on Sunday August 31, 2025 @03:56AM (#45081316)
If you are looking at tarrifs to explain NY small business market collapse, you clearly have not followed Louis Rossmann's struggles to keep his business in NY over the years.

https://youtube.com/@rossmanngroup

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by yubblegum on Sunday August 31, 2025 @06:29AM (#45082066)
New York is teeming with what appear to be newly arrived "immigrants" who do no speak a word of English (and frankly are rather aggressive about their refusal to do so) yet are employed in various crafts. We had fairly substantial renovation recently in our building. Every single worker was clearly a recent arrival. How do we know how many jobs were actually created if so many of them are not "officially recorded"?

(I am an immigrant myself (via the legal means) lest you take my observation as a xenophobic expression.)

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by the_gastropod on Sunday August 31, 2025 @09:06AM (#45082866)
The U.S. has no official language, and no one who moves here is required to learn English. Especially in NYC, where so many neighborhoods predominantly speak a language that is not English (Brighton Beach, Sunset Park, Flushing, Chinatown, etc.)

Assuming someone speaking another language is both a “recent arrival” and working illegally is… something. Apparently it’s not xenophobic, but it’s not a good look.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by luckys on Sunday August 31, 2025 @09:53AM (#45083159)
That seems to have changed in March 2025 via executive order, with English now being the official language of the US

https://en.m.wikipedia.org/wiki/Languages_of_the_United_Stat...

https://www.usa.gov/official-language-of-us

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by dboreham on Sunday August 31, 2025 @09:45AM (#45083115)
There are communities of non-English speaking people here in Montana. They speak a form of German. Hutterites (kind of like Amish).
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by yubblegum on Monday September 01, 2025 @07:17AM (#45091741)
Does the New York Times (which is a national paper) have a section in German language? Does it have one in any other non-English language besides Spanish?

Why is Spanish singled out? Why was "bilingualism" being promoted so heavily? Meaning no offense, wtf has the Spanish speaking community contributed to American history to get this special perch? So yeah, there are all sorts of little pockets here and there, and grandpas and grandmas of various flavor speaking the old country's tongue but only one was promoted.

The phenomena is obviously political in nature and to construe is as anything else, including "prejudice" or "xenophobia", is disengenuous.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by the_gastropod on Wednesday September 03, 2025 @11:56AM (#45117251)
What’s the German-speaking population of the United States? What German-speaking lands in the Americas did the United States acquire through violent or financial means?

> Meaning no offense, wtf has the Spanish speaking community contributed to American history to get this special perch?

About half of the total land area of the US was formerly colonized by the Spanish. What “history” are you referring to?! And what “special perch”?

> The phenomena is obviously political in nature and to construe is as anything else, including "prejudice" or "xenophobia", is disengenuous.

This is innuendo. Say what you want to say, and don’t couch it behind a passive “political”. Who’s driving what outcome, and for what ends. Go on!

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by yubblegum on Wednesday September 03, 2025 @01:33PM (#45118440)
The historic arguemnt is lucidrous since NYTimes only recently published in a bilingual mode.

Special perch is clear: this is a nation of numerious ethnicities with an equal number of distinct 'mother tongues'. The special perch is the recent push to normalize having an entire subset of the society speak a langauge that many of us do not speak and have no desire to learn.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by the_gastropod on Wednesday September 03, 2025 @01:59PM (#45118709)
They’re not equal. There are more Spanish-speakers in the U.S. (and the world, for that matter) than there are German, Estonian, Russian, Croatian, Dutch, Portuguese, Italian, … speakers. You’re ascribing some bizarre conspiracy to basic market dynamics.

And again, this is pretty localized. Salt Lake City has less Spanish than Los Angeles. Flushing, Queens has more Mandarin than Spanish or English.

It remains unclear who is being harmed here. And what solutions are you advocating for?

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by yubblegum on Wednesday September 03, 2025 @07:52PM (#45121718)
What "market"? Did this "market" exist 100 years ago or not? If yes (and it did) then why haven't we been bilingual English-Spanish since day 1? There is conspiracy theory here - just pretty straightforward observation of facts.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by the_gastropod on Thursday September 04, 2025 @12:16AM (#45123528)
The market for reading the NYTimes in Spanish… There’s also a big enough market for reading it in Chinese! (https://cn.nytimes.com)

Since these are online-only versions of the NYTimes, and immigration sources change throughout history, no. This particular market did not exist 100 years ago.

However, the portion of non-English speakers has remained about the same since the 1910 census began asking about this. ~100 years ago, German was the most prominent non-English language spoken in the U.S., and there were over 500 German-language newspapers in circulation. Yiddish newspapers were common in New York. And Spanish newspapers were widely read in Texas. In Chicago, Polish newspapers were common. San Francisco had the Chinese World (世界日報) newspaper.

Your idea that, 100 years ago, everyone spoke English, and we didn’t support non-English speaking is just flatly wrong.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by yubblegum on Sunday August 31, 2025 @06:07PM (#45087546)
There are and have been pockets in immigrant communities where e.g. older members would live their entire lives in US and never speak a word of English. But conversely, no one expected the rest of us to know Chinese, German, French, Italian, Japanese, Russian, ..., etc. But somehow now we are supposed to accept a sizeable subset of our nation to only speak Spanish.

> Assuming someone speaking another language is both a “recent arrival” and working illegally is… something. Apparently it’s not xenophobic, but it’s not a good look.

I do not care if it is not a "good look" by some standard. What I care about is cultural and value system continuity and national cohesion.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by stirfish on Sunday August 31, 2025 @08:04PM (#45088231)
>What I care about is cultural and value system continuity and national cohesion.

Good news! We share the value of "be cool about it, we're all just trying our best"

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by halfmatthalfcat on Sunday August 31, 2025 @10:25AM (#45083372)
You can be an immigrant and xenophobic, they aren’t mutually exclusive.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by ipaddr on Sunday August 31, 2025 @11:45AM (#45084077)
Immigrants are more likely to be xenophobic as they move to a less xenophobic place.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by Der_Einzige on Sunday August 31, 2025 @11:47AM (#45084092)
The people who are most xenophobic/against immigrant communities are recent immigrants who pull the latter up for their compatriots right after they ascend.

Latino voters swung 20 points towards trump from 2020-2024 after being told that Trump would deport all of their illegal family members. A majority of latino men straight up voted for Trump and Latino women was like 47-53.

Legal immigrants hate illegal immigrants. Most legal immigrants are wealthy and well connected and have never had to do the shit jobs that their illegal brothers do. It's pretty hard to legally immigrate without lots of money/skills or at minimum beauty (i.e. for green card marriage). Illegals are usually dirt poor and will do anything for a better life.

I'm getting far more willing to defend making English the official language of the USA for this reason. You want to pretend like you're a WASP legal immigrants? Act like one then!

BTW - Americans don't see the distinction between "european latino" and "Mestizo". You're all Latinos and are treated the same way by WASPs.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by msgodel on Sunday August 31, 2025 @09:29AM (#45083020)
It looks to me like we hit the end of the debt cycle. The market was predicting this by the end of the fall last year before Trump was even elected.

I don't think not doing tariffs would have had much of an effect.

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by gcanyon on Sunday August 31, 2025 @10:44AM (#45083528)
I know that this is the result of summing a much larger gain + a slightly smaller loss, but it's weird reading this number in isolation and knowing that my company is responsible for roughly 5% of this gain.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by gcanyon on Sunday August 31, 2025 @10:46AM (#45083540)
This is, in some sense, exactly what Trump wants -- to hurt the cities/liberal regions that oppose him. It's going to be a bumpy ride.
Re:Six Months into Tariffs, Businesses Have No Idea How to P... by const_cast on Sunday August 31, 2025 @11:46AM (#45084083)
The problem is those liberal cities and regions pretty much prop up the entire US economy.

When you look at GDP, it's coming from California, NYC, etc. Even in red states, like Texas, it's Dallas and Austin carrying everyone else.