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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. Insanity ◴[31 Aug 25 04:47 UTC] No.45080455{3}[source]▶
This is an incredibly naive take in trying to postulate the US as a better place to live, and genuinely makes me curious how much you’ve actually seen of EU.

Quality of life, by a number of metrics like HDI, is higher in (Western) European countries compared to the US. And even while total salaries might be lower, healthcare infrastructure, life expectancy, food quality etc are better.

Pure take-home money doesn’t tell you the entire picture.

And for pure anecdata, I have friends who migrated to the States and then moved back to EU when they had kids because EU seemed like the safer and better place to raise them.

You can find anecdata to tell pretty much any story you want to tell though.