@return2ozma@lemmy.world to News@lemmy.world • 8 days agoTrump tariffs 'will increase the unemployment rate to recessionary levels,' says economistwww.cnbc.comexternal-linkmessage-square48fedilinkarrow-up1431arrow-down15
arrow-up1426arrow-down1external-linkTrump tariffs 'will increase the unemployment rate to recessionary levels,' says economistwww.cnbc.com@return2ozma@lemmy.world to News@lemmy.world • 8 days agomessage-square48fedilink
minus-square@coyootje@lemmy.worldlinkfedilink24•8 days 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-square@Trihilis@ani.sociallinkfedilinkEnglish13•8 days agoDon’t worry, it will all trickle down eventually!
minus-square@Asfalttikyntaja@sopuli.xyzlinkfedilink1•7 days agoWhen I was a little bitty baby My mama would rock me in the cradle In them old cotton fields back home
minus-square@qprimed@lemmy.mllinkfedilinkEnglish9•7 days 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.