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

(www.wsj.com)
462 points JumpCrisscross | 5 comments | 30 Aug 25 20:56 UTC | HN request time: 0.81s | 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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1. dismalaf ◴[31 Aug 25 03:04 UTC] No.45079999[source]▶
Beware of rankings that rate perception.

Also most easily available statistics are from 2020. The US economy has been a massive winner post-Covid and has diverged a lot from some countries.

This website should be a good example. The typical Sr Software dev in the US would be in the top 1% to 0.1% of earners in European countries and Canada. The US has more millionaires than many entire European countries have citizens.

A top 10% earner in the US would be in the top 1% in Canada. An AVERAGE earner in the US is about top 10-15% in Canada.

Class mobility (or social mobility) indicates ability to go from lower to middle class, working class to generational wealth, etc... All income statistics show the US as having a particularly large amount of high income earners, self made millionaires (and billionaires), etc...

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2. CursedSilicon ◴[31 Aug 25 04:16 UTC] No.45080334[source]▶
Hi, I live here

My priorities do not align with your postulating

3. jibal ◴[31 Aug 25 04:46 UTC] No.45080447[source]▶
> It’s not even worth arguing.

Fine, then we can safely ignore anything you write.

> HN is beyond absurd

Because not everyone agrees with you.

4. VBprogrammer ◴[31 Aug 25 07:54 UTC] No.45081310[source]▶
Certainly from an entrepreneurial stand point it's beneficial. On the other side, it's current descent in to an authoritarian police state is kinda hard to ignore.
5. bigyabai ◴[31 Aug 25 17:22 UTC] No.45084968[source]▶
Anyone who took macroeconomics knows that stratifying an economy of ~370 million people by ambition ends with the most ambitious employees working the behind-the-counter at McDonalds. None of them ever end up at the fed, or filling white-collar corporate seats, that's been an open secret since the '80s. By the sound of it, you're just regurgitating Tweets you read in 202X while VCs were insecure about China whooping their ass in natsec, AI and robotics.

Support ambition all you want - just don't come crying to us when the B2C market dries up entirely.