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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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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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yubblegum ◴[31 Aug 25 10:29 UTC] No.45082066[source]▶
New York is teeming with what appear to be newly arrived "immigrants" who do no speak a word of English (and frankly are rather aggressive about their refusal to do so) yet are employed in various crafts. We had fairly substantial renovation recently in our building. Every single worker was clearly a recent arrival. How do we know how many jobs were actually created if so many of them are not "officially recorded"?

(I am an immigrant myself (via the legal means) lest you take my observation as a xenophobic expression.)

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1. Der_Einzige ◴[31 Aug 25 15:47 UTC] No.45084092[source]▶
The people who are most xenophobic/against immigrant communities are recent immigrants who pull the latter up for their compatriots right after they ascend.

Latino voters swung 20 points towards trump from 2020-2024 after being told that Trump would deport all of their illegal family members. A majority of latino men straight up voted for Trump and Latino women was like 47-53.

Legal immigrants hate illegal immigrants. Most legal immigrants are wealthy and well connected and have never had to do the shit jobs that their illegal brothers do. It's pretty hard to legally immigrate without lots of money/skills or at minimum beauty (i.e. for green card marriage). Illegals are usually dirt poor and will do anything for a better life.

I'm getting far more willing to defend making English the official language of the USA for this reason. You want to pretend like you're a WASP legal immigrants? Act like one then!

BTW - Americans don't see the distinction between "european latino" and "Mestizo". You're all Latinos and are treated the same way by WASPs.