Comment by 1718627440
2 hours ago
If the former all go missing, the consumer is not going to buy a new phone/laptop/etc. this year. If the latter go missing, agriculture and manufacturing companies (e.g. the automotive industry) go broke. The former have more profit, the latter are more important.
>The former have more profit, the latter are more important.
That's a massive contradiction stemming from ignorance, based your skewed and subjective definition of what's more important.
With more money from selling the former high-profit stuff, you can just buy the latter low-margin stuff from a sea of suppliers/countries locked in a race to them bottom to sell to you. Which is how the US economy works and grows.
And the later being less profitable is at constant danger from rising competitors in Asia meaning EU companies have more competition and less margins and why their wages are lower.
If you're still confused on how you judge what's more important, in essence, making more money IS what's more important, not making low margin trinkets that you subjectively see as being more important. Like the arab states don't make jack shit, but they still get to buy the most cutting edge shit they need thanks to their massive oil money.
Because with your logic, making shoes would be more important, because without shoes people wouldn't be able to walk outside their houses, when shoes are actually low margin commodity readily available from thousands of sweatshops, not something any country takes pride in manufacturing domestically anymore, for better and for worse.