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162 points TaurenHunter | 4 comments | | HN request time: 0s | source
1. thefounder ◴[] No.43580199[source]
This looks like the end of story is that the US will consume less, "more expensive" and home made. I think it will have disastrous consequences for the U.S IF the rest of the world keeps trading free. There will be more jobs in the U.S but in the end will become a more inefficient market.
replies(1): >>43581334 #
2. tonyedgecombe ◴[] No.43581334[source]
That wouldn't necessarily be a bad thing if it meant a flattening of inequality however I don't think that is on the cards.
replies(1): >>43586418 #
3. thefounder ◴[] No.43586418[source]
I think the inequality could be even higher because the rich can simply move the investments aboard while the working people have no real choice but “enjoy” the local economy.
replies(1): >>43587598 #
4. cantrecallmypwd ◴[] No.43587598{3}[source]
No need to "think". These policies are all magnifying stagflation. Recession if not depression. There won't be anything to buy because America doesn't have much of a manufacturing supply chain, isn't willing to pay workers enough, and prices are rocketing to the moon such that Americans won't buy domestic or imported goods. Domestic producers, having less international competition, will raise prices leading to a massive similar price-profit contributing 60% of inflation post-pandemic in the K-shaped recovery. The soonest manufacturing could be setup in America is 3 years, but this is work American corporations don't want to pay workers fair wages for.