All else equal, increased tariffs mean greater demand for local goods, which results in higher prices, which results in more production needed, which results in more hiring and lowered unemployment, which means wages have to rise as businesses compete for workers.
Fiat currency leads to slow, never ending inflation. Tariffs lead to short term inflation. The market eventually adjusts, including wages. With Fiat currency, wages always trail. They then use illegals and fraudulent visas to further suppress such that wages never catch up to inflation.
Many in the tech industry, for example, after inflation adjustments, haven't had a raise in two decades. This is because of many factors, but criminals, tech giants, and Fiat currency, illegals/fraud, are all major factors.
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18584650? ago
First intelligent China Tariffs comment I seen today on Voat.
18585344? ago
HIGHER PRICES HIGHER PRICES
18588730? ago
Yet inflation is next to nothing, after all these tariffs. Figure that one out
18585642? ago
Higher prices are always offset by the higher wages earned after tariffs. Sucks to be china right now.
18587217? ago
Except right now illegal immigration is causing wage arbitrage and lowering wages. We need to stop the H1B program and immigration.
18592234? ago
True.
18585806? ago
Wait. Tariffs lead to higher wages?
18589386? ago
All else equal, increased tariffs mean greater demand for local goods, which results in higher prices, which results in more production needed, which results in more hiring and lowered unemployment, which means wages have to rise as businesses compete for workers.
18589436? ago
How many economic classes did you take. That’s not how any of this works.
18589558? ago
Then explain it, all-wise one.
18589583? ago
Check out me and my girlfriend touching cocks on new.
18586294? ago
Fiat currency leads to slow, never ending inflation. Tariffs lead to short term inflation. The market eventually adjusts, including wages. With Fiat currency, wages always trail. They then use illegals and fraudulent visas to further suppress such that wages never catch up to inflation.
Many in the tech industry, for example, after inflation adjustments, haven't had a raise in two decades. This is because of many factors, but criminals, tech giants, and Fiat currency, illegals/fraud, are all major factors.