Comment by bregma
7 days ago
Not one single job was moved offshore by a foreign country. Every single one was moved offshore by an American business looking to reduce costs and increase the quarterly bottom line.
Now they're run out of jobs to move offshore and they're looking to the government for the next handout. This time, it's by adding a new tax on Americans on what they buy from overseas.
The people to blame for the economic problems are rich Americans, and the solution is to increase taxes on poor Americans, but the story is that the problem is foreign devils and the solution is to make them pay. The misdirection is working and the magic trick is successful.
> Not one single job was moved offshore by a foreign country. Every single one was moved offshore by an American business looking to reduce costs and increase the quarterly bottom line.
That’s something I haven’t thought about. Is there a 25% tariff on importing knowledge work? In the consulting world that would make onshore teams more competitive. Well you’d need about a 500% tariff to make it close.
> Every single one was moved offshore by an American business looking to reduce costs and increase the quarterly bottom line.
> This time, it's by adding a new tax on Americans on what they buy from overseas.
If adding/increasing tax on product oversees increases the costs of said products, wouldn't American business look to reduce cost by moving back to America?
If I understand correctly that's what Trump is trying to do.
Right but American wages and worker conditions will also need to fall drastically to make it competitive with Asia post tariffs.
Millions of Americans returning to shit tier factory conditions is not a victory.
Yes, this is the theory. Also to return manufacturing to the US, for jobs but also for national security. If a major war breaks out, which is more likely than in the past 2 decades, we can't effectively fight without a strong manufacturing base.
US businesses who offshored all the US manufacturing jobs now have their day of reckoning. The government can't really say, "move your jobs back," without some sort of constitutional change, they can only incentivize businesses do so, ergo tariffs on offshore labor / goods.