This is a legit concern. Ai and robotics will be able to eliminate a lot of jobs for sure. Im hopeful for a soft landing. Im hopeful in the species in general if a little pessimistic on our particular place as the world hegemony.
as i understand it this is a meaningless number that only happened because of when some payments were sent out, it allowed some expenses to show up on the books in may when they were actually the expenses for june. comparing fiscal year surplus/deficit is the useful way to look at it in this situation.
He has stated that while he worked for soros fund, he was under Stanley druckenheimer the majority of his time there and had minimal interaction with soros. This is an example of the corporate media constructing a narrative that retards guzzle down without proper research.
Our homegrown consumer base is the biggest driver of our economy and also why we have so much leverage with tariffs, everyone wants to sell Americans shit.
Expanding our consumer base by giving the working class better jobs will help us
The low birth rate in the west has eliminated more competition for jobs than both world wars combined. The population everywhere in the world is aging rapidly
You guys have to make up your mind if tariffs are about leverage, job creation or revenue. It canât be all three.
The EU-UK market is the same size as the US market. By introducing tariffs you shut it off for a gain in wages for the few. Whatever you gain in domestic output you will lose in export output, while your cost of living goes up.
Treating fair trading Western countries the same wayl you treat unfair trading nation like China makes no sense. Itâs emotionally satisfying, but economically dumb.
The average american was doing better before jobs got shifted overseas.
Its not even debatable that it hurt the average american.
The only debatable part now is whether they can even get that back.
I do agree that heavy tariffs on EU/UK doesnât make sense as theyâre on similar footing.. EU/UK donât have some built in advantage when it comes to production costs. So if domestic USA company cant compete then theyâre better off importing but thats not the case for 3/4s of the world due to currency, wages so low theyâre essentially slave labor and countries with essentially zero regulations.
They should be shooting for free trade with guarantees related to minimizing trade deficits from first world economies theyâre military allies with.
the current status quo of the global markets is everyone tax the fuck out of american imports, and get free trade in return.
It would be better for Americans if that was closer to equal footing.
And yes tariffs are about all 3 things, job creation, leverage and revenue. Its a bit complicated.
Tariffs are also coinciding with other actions such as those we see against illegal immigration, the coupling of these actions is a massive benefit to this hopefully burgeoning middle class.