@return2ozma@lemmy.world to News@lemmy.world • 3 months agoTrump tariffs 'will increase the unemployment rate to recessionary levels,' says economistwww.cnbc.comexternal-linkmessage-square42fedilinkarrow-up1432arrow-down10cross-posted to: aboringdystopia@lemmy.world
arrow-up1432arrow-down1external-linkTrump tariffs 'will increase the unemployment rate to recessionary levels,' says economistwww.cnbc.com@return2ozma@lemmy.world to News@lemmy.world • 3 months agomessage-square42fedilinkcross-posted to: aboringdystopia@lemmy.world
minus-square@return2ozma@lemmy.worldOPlinkfedilink38•3 months agoWhat?! No! We’re all going to work in American factories! /s
minus-square@coyootje@lemmy.worldlinkfedilink23•3 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-square@Trihilis@ani.sociallinkfedilinkEnglish12•3 months agoDon’t worry, it will all trickle down eventually!
minus-square@Asfalttikyntaja@sopuli.xyzlinkfedilink1•3 months 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.mllinkfedilinkEnglish8•3 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.
What?! No! We’re all going to work in American factories! /s
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.