Nice summary and analysis! Food for thought, although I don’t agree with all of it. One of my big automation fears is self-driving 18-wheelers and other vehicles used to transport and deliver goods. Likewise warehousing.
Note: The transportation and warehousing industries employ 6.6 million people, accounting for 5 percent of all private-sector jobs.
Trump tariffs will decimate the livelihoods and businesses of a lot of Americans and people of the Global South. Has America become Great Again?
Even if we start manufacturing and growing everything here in America, we will never be able to fill the comparative advantage gap and this will not happen immediately. The result will be high inflation. This will also provoke massive trade wars which will hurt us exports severely.
NAFTA was a net positive for whom? Not for U.S. unskilled workers, that's for sure. Not for Mexican farmers, who were forced off their land because they could not compete with U.S. agribusiness. The result of which has contributed to increase in immigration to the U.S. It was merely protection for capital, free trade for labor.
There have been more than 3 "experiments" throughout U.S. history. Tariffs have risen and fallen throughout the decades. And Reagan himself placed tariffs on Japanese steel, among other commodities.
Nice summary and analysis! Food for thought, although I don’t agree with all of it. One of my big automation fears is self-driving 18-wheelers and other vehicles used to transport and deliver goods. Likewise warehousing.
Note: The transportation and warehousing industries employ 6.6 million people, accounting for 5 percent of all private-sector jobs.
Trump tariffs will decimate the livelihoods and businesses of a lot of Americans and people of the Global South. Has America become Great Again?
Even if we start manufacturing and growing everything here in America, we will never be able to fill the comparative advantage gap and this will not happen immediately. The result will be high inflation. This will also provoke massive trade wars which will hurt us exports severely.
https://youtu.be/5t5QK03KXPc?si=BdOErB5aKLxTo9kU
NAFTA was a net positive for whom? Not for U.S. unskilled workers, that's for sure. Not for Mexican farmers, who were forced off their land because they could not compete with U.S. agribusiness. The result of which has contributed to increase in immigration to the U.S. It was merely protection for capital, free trade for labor.
There have been more than 3 "experiments" throughout U.S. history. Tariffs have risen and fallen throughout the decades. And Reagan himself placed tariffs on Japanese steel, among other commodities.
The bigger sins were letting the PRC into the WTO and giving them most favored trading status with the US.
Yeah that was way, way worse.