Comment by dghughes
11 days ago
Even if you guys did rebuild e.g. textile factories down there in crazy land you're not going to pay workers $300/month to be able to compete globally. Nobody wants to pay $1,000 for a pair of underwear.
11 days ago
Even if you guys did rebuild e.g. textile factories down there in crazy land you're not going to pay workers $300/month to be able to compete globally. Nobody wants to pay $1,000 for a pair of underwear.
Tariffs don't help you compete globally -- they're about disadvantaging the global in favor of the local.
Someone may be able to pay workers $300/month and make them work the "996 working hour system"[1], but if they then have to mark up the end product by 100%, the disparity between local and global price to consumers narrows.
[1] https://en.wikipedia.org/wiki/996_working_hour_system