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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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cycomanic ◴[31 Aug 25 07:40 UTC] No.45081210[source]▶
I don't know how you came up with that statement. It certainly does not reflect reality unless you don't count Sweden, Germany, Canada as part of the western world.

>Individual studies have estimated absolute mobility rates for recent cohorts of roughly 50% in the US (Chetty et al. 2017), 53% in Canada (Ostrovsky 2017), 70% in Germany (Bönke, Harnack, and Luthen 2019; Stockhausen 2018), and 77% in Sweden (Liss, Korpi, and Wennberg 2019).

From https://www.ifau.se/globalassets/pdf/se/2020/wp-2020-11-tren...

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1. dismalaf ◴[02 Sep 25 17:49 UTC] No.45106588[source]▶
> It certainly does not reflect reality unless you don't count Sweden, Germany, Canada as part of the western world.

Look at this chart: https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?location...

Look at the divergence from the US.

Canada's GDP per capita is barely above 2013 levels (~4%), meanwhile the US' is 60% higher. Wages in Canada have been stagnant, there is NO social mobility at all, it's completely fucked.

Where I came up with this statement? Actually knowing things about economics and following the CURRENT numbers. Not a 2017 study (which probably took a couple years and using data from 2015 or earlier) which is completely worthless in 2025.