Yes, it’s a PCM meme, but still accurate as fuck.

  • killingspark@feddit.org
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    7 hours ago

    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.