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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. sensanaty ◴[31 Aug 25 13:19 UTC] No.45082952{3}[source]▶
"Poorer" in what aspect(s), exactly? Because not everything is about gross monetary amounts when it comes to a good life. Even the poorest of the European nations (never mind that EU !== Europe, and that by invoking Europe you're also talking about the countries with the highest QoLs in the entire world like the Scandinavians) still have superior worker protections & medical infrastructure that doesn't leave the poor in generational debt than the US, which for me both rank infinitely higher than earning more money. I'm sure the poor Mississippians wouldn't mind some of those 30+ paid vacation days my Spanish friends get in exchange for earning a bit less.