return2ozma@lemmy.world to News@lemmy.world · 2 months agoTrump tariffs 'will increase the unemployment rate to recessionary levels,' says economistwww.cnbc.comexternal-linkmessage-square48linkfedilinkarrow-up1440arrow-down15cross-posted to: aboringdystopia@lemmy.world
arrow-up1435arrow-down1external-linkTrump tariffs 'will increase the unemployment rate to recessionary levels,' says economistwww.cnbc.comreturn2ozma@lemmy.world to News@lemmy.world · 2 months agomessage-square48linkfedilinkcross-posted to: aboringdystopia@lemmy.world
minus-squarecoyootje@lemmy.worldlinkfedilinkarrow-up25·2 months agoAll those factories that aren’t there because all companies decided to move them to China (or another overseas country) to cut costs :D
minus-squareTrihilis@ani.sociallinkfedilinkEnglisharrow-up13·2 months agoDon’t worry, it will all trickle down eventually!
minus-squareAsfalttikyntaja@sopuli.xyzlinkfedilinkarrow-up1·2 months agoWhen I was a little bitty baby My mama would rock me in the cradle In them old cotton fields back home
minus-squareqprimed@lemmy.mllinkfedilinkEnglisharrow-up9·2 months agobuying consumer crap generally requires consumer income. the us will quickly become a backwater global export destination for anything other than 1% luxury items because the poors will simply be too poor to matter wrt global demand.
All those factories that aren’t there because all companies decided to move them to China (or another overseas country) to cut costs :D
Don’t worry, it will all trickle down eventually!
When I was a little bitty baby
My mama would rock me in the cradle
In them old cotton fields back home
buying consumer crap generally requires consumer income. the us will quickly become a backwater global export destination for anything other than 1% luxury items because the poors will simply be too poor to matter wrt global demand.