this post was submitted on 20 Nov 2024
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[–] [email protected] 2 points 2 days ago (1 children)

There was population growth in the late 1800s, it wasn't until the population got paid more that the economy took off.

[–] [email protected] 2 points 2 days ago (1 children)

While that's true, the capitalists where getting richer and richer even before the big economic growth. They don't really care. Also, the wage increases had to be hard fought for by a united working class. I don't see american workers unite right now to fight the rich.

[–] [email protected] 2 points 2 days ago (1 children)

Without exploitable labor employers will have to pay employees more. Workers won't have to fight, they can do nothing and wages will still increase.

[–] [email protected] 5 points 2 days ago (1 children)

They can move production to places with available labour. You know for example the places you deported all that labour to.

[–] [email protected] 1 points 2 days ago (1 children)

Which is where the tariffs come in. Helps balance everything out.

[–] [email protected] 2 points 2 days ago (1 children)

By making the products more expensive while your wages stagnate? How's that balancing anything out?

[–] [email protected] 4 points 2 days ago (1 children)

Why will wages stagnante?

A rising tide raises all boats or in this case wages.

[–] [email protected] 1 points 2 days ago (1 children)

Not if the work follows the workers outside of the US

[–] [email protected] 4 points 2 days ago (1 children)
[–] [email protected] 1 points 2 days ago (1 children)
[–] [email protected] 2 points 1 day ago (1 children)

I read your non-response, which is why I asked how wages will stagnate to your response to tarrifs.

[–] [email protected] 2 points 1 day ago (1 children)

The argument was that wages rise if labour is scarce. My counter is that labour will just be moved outside with the people, thus countering the scarcity, thus making wages stagnate rather than increase.

Somehow tariffs are supposed to balance this out. Which is really the nonsense in all of this.

[–] [email protected] 1 points 1 day ago (1 children)

Somehow tariffs are supposed to balance this out. Which is really the nonsense in all of this.

So you have no rebuttal to tarrifs stopping companies from moving manufacturing outside the US.

[–] [email protected] 1 points 1 day ago (2 children)

Yes, to some extend they can achieve that, if they are high enough to cancel out the wage differences.

But they have a lot of additional effects. Companies with small margins that import ressources will have to raise prices to stay profitable, others will do it because they can riding the wave of those that must. All in all tarrifs just raise prices.

Thus the nominally raised wages stagnate in buying power.

So either the wages stagnate without the tarrifs because the work follows the cheap labour or they stagnate because tarrifs raise the prices alongside with the rising wages. The tarrifs achieve nothing for the buying power of consumers.

[–] [email protected] 1 points 21 hours ago (1 children)

You don't have to completely offset wages with tarrifs just make the ROI on moving take 10 years.

The steal tarrifs Trump used led to increased production in the US while Europe production stayed the same. Tarrifs do not have to hurt buying power.

Based on your arguments I assume you're against minimum wage too.

[–] [email protected] 1 points 21 hours ago

Based on your arguments I assume you're against minimum wage too.

That wouldn't be accurate. I am for global taxes and minimum wages to stop the whole "we'll just move the company elsewhere" bullshit all together

[–] [email protected] 1 points 22 hours ago

Yes, the buying power of consumers will take a hit from tariffs.

At first. But many of those consumers will benefit from increased wages.