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Six months into tariffs, businesses have no idea how to price anything

(www.wsj.com)
462 points JumpCrisscross | 1 comments | 30 Aug 25 20:56 UTC | HN request time: 0s | source
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Refreeze5224 ◴[31 Aug 25 01:38 UTC] No.45079571[source]▶
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dismalaf ◴[31 Aug 25 01:55 UTC] No.45079639[source]▶
The system that allows very wealthy to exist is also the reason the US has the highest class mobility among western nations.

Also, on a purely pragmatic note, capital is mobile. If you penalize the rich, they just move, and then the new system will stop class mobility.

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jkestner ◴[31 Aug 25 02:03 UTC] No.45079673[source]▶

  the US has the highest class mobility among western nations
Source? The rankings I see have the US behind most of Europe.
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monero-xmr ◴[31 Aug 25 02:11 UTC] No.45079723[source]▶
The average European is poorer than the average person from Mississippi, the US’ poorest state. It isn’t even comparable
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1. defrost ◴[31 Aug 25 02:30 UTC] No.45079819{3}[source]▶
Indeed.

The nation V. nation median ranking of class mobility is hardly the Nation V. {many nations} average of wealth.