sealybobo
Diamond Member
- Jun 5, 2008
- 123,624
- 22,071
No. It might benefit some American manufacturers but I donât think the trade war will help now.Common sense and my lyin eyesGive everyone a tax break then cost of living goes up always soon after so the only ones who really benefit are the people who are getting hundreds of thousands of dollars in tax breaks or millions.
Further widening the gap between rich and rest of us
The annual inflation rate stays between 2-3% with or without âtax cutsâ.
Do you have access to some other data or are we going on CNNâs opinion here?
Common sense would suggest the trade war will benefit good Americans in the long run...no?
Just like illegal immigration is no longer a major problem but republicans are still focusing on it even though crossings are way down. Better you wonder why wages arenât going up yet. That was the point right?
So letâs see if a trade war even makes sense
Libs have to learn to view things in a âbig pictureâ sense.
Libs:
âThe trade war doesnât help ME TODAY....so it sucks.â
âWages havenât increased YET so it sucks.â
Shit takes time to happen....the principle philosophy behind the âtrade warâ makes perfect sense to everyone sane.
âJust like illegal immigration is no longer a major problem but republicans are still focusing on it even though crossings are way down.â
Arrests at the border still eclipse 50,000 per month every month. You sure thatâs âno longer a major problemâ? How many werenât apprehended?
Come on man...open your eyes and think.
I heard illegal crossings have virtually stopped.
I'm sorry but we already have zero unemployment. Companies are saying they can't find good help. This I'm assuming is because illegals have gone and the economy is good right now. So, why aren't wages going up?
The unemployment rate has been stuck at a low level of 4.1 percent for the last six months. The papers are replete with stories of labor shortages, of companies fighting over high-school students and hiring folks right out of prison. While pockets of labor-market weakness always exist somewhere, thereâs little question that in broad terms, the U.S. job market is closing in on full employment.
And yet, wage growth has been underwhelming. Iâll lay out the facts of that case in a momentâbut how can that be? Donât tight labor markets boost workersâ bargaining clout? Donât employers have to bid up paychecks to keep their workers from just going around the corner to better jobs? Isnât one of the key benefits of full employment thatâas is not the case when labor markets are slackâemployers must compete for workers? Whatâs blocking that crucial economic dynamic?
Hereâs what I think is going on. First, the job market isnât as tight as the low unemployment rate suggests. Second, slow productivity growth is a constraint on wage growth. Third, a set of institutional and cultural factorsâsome old (too little union power), some new (monopoly power by megafirms)âare reinforcing the inequality thatâs long been embedded in our economy and are pushing back on wage growth, even at low unemployment.
Unemployment, Low. Wage Growth, Meh.
So I don't think bringing jobs back home is going to raise your wages. Who's going to do those jobs if we bring them home? And why aren't wages going up???