The reason Trumps plan, to bring “jobs” BACK to the USA, will NOT work is simple. The reason they left was to seek a lower cost labor force. Americans simply can’t afford to work for the wages paid overseas. So, if those “jobs” come back, all of those products will cost at least as much, if not more, than the products cost with tariffs. …
The reason Trumps plan, to bring “jobs” BACK to the USA, will NOT work is simple. The reason they left was to seek a lower cost labor force. Americans simply can’t afford to work for the wages paid overseas. So, if those “jobs” come back, all of those products will cost at least as much, if not more, than the products cost with tariffs. Trump calls this giant inflation increase an “ adjustment”. It simply won’t work because no one here will be able to afford the products. And if wages increase to compensate for higher cost products built here, instead of overseas, the inflation will take another hike upwards.
The reason Trumps plan, to bring “jobs” BACK to the USA, will NOT work is simple. The reason they left was to seek a lower cost labor force. Americans simply can’t afford to work for the wages paid overseas. So, if those “jobs” come back, all of those products will cost at least as much, if not more, than the products cost with tariffs. Trump calls this giant inflation increase an “ adjustment”. It simply won’t work because no one here will be able to afford the products. And if wages increase to compensate for higher cost products built here, instead of overseas, the inflation will take another hike upwards.