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

(www.wsj.com)
462 points JumpCrisscross | 6 comments | 30 Aug 25 20:56 UTC | HN request time: 0.912s | source | bottom
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lazarus01 ◴[30 Aug 25 22:32 UTC] No.45078568[source]▶
In NYC, for the first 6 months of 2025, 994 new private sector jobs were created [1]. During the same period last year, there were 66,000 new jobs created.

Higher cost of doing business from tariffs has frozen hiring. With a frozen job market, there’s less revenue coming in.

NYC is a leading indicator for the rest of the country.

[1] https://www.nytimes.com/2025/08/13/nyregion/nyc-jobs.html

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mupuff1234 ◴[31 Aug 25 00:55 UTC] No.45079382[source]▶
And yet the rent in NYC just seems to go up and up.
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1. hunglee2 ◴[31 Aug 25 07:02 UTC] No.45080997[source]▶
rental prices are driven by P/E redirecting funds to the purchase of housing stock, which they then use to jack up the rent. Fuedalism is returning by stealth.
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2. hdgvhicv ◴[31 Aug 25 08:37 UTC] No.45081523[source]▶
If there’s demand for 5 million units and supply of 6 million prices will go down as 1 million units will be empty

If there’s demand for 5 million units and supply of 4 million, prices will go up and 1 million will move out of the city

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3. georgemcbay ◴[31 Aug 25 10:55 UTC] No.45082190[source]▶
You conveniently left out the part where many large corporate landlords collude by using software like RealPage to enable widescale price fixing.
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4. hdgvhicv ◴[31 Aug 25 12:02 UTC] No.45082524{3}[source]▶
As do small landlords. they can only do this because supply is so constrained.
5. beowulfey ◴[31 Aug 25 13:08 UTC] No.45082880[source]▶
that is also assuming the demand is atomic when that isn't necessarily the case. A lot of that pooled demand can come from singular sources. in other words, not all demand is created equal
6. ipaddr ◴[31 Aug 25 15:55 UTC] No.45084156[source]▶
In your first case they increase rent as a group and have 80+% occupancy.

In your second case they increase rent and people are forced into having roommates.