General Discussion
In reply to the discussion: Some Trump Voters Already Regret Their Decision Amid Concerns Over Tariffs, Job Cuts, and Rising Cost [View all]NickB79
(19,702 posts)The US labor market is far too tight to support millions of new factory jobs. We're at 4% unemployment, which is basically full employment. And if Trump restricts immigration, both legal and illegal, our population will actually start to drop in a decade, much like Japan, South Korea, China and parts of Europe are experiencing. Americans just aren't having babies like they did 50 yr ago. And if the 4B movement takes off in young women like in South Korea, and the cost of living from those tariffs skyrockets, the birth rate will plummet.
And even IF they build factories here, the ensuing goods they produce will still be more expensive than what we once got from overseas. If a hammer from China costs $10, and a US hammer costs $15, you put on a $6 tariff to drive hammer factories to the US. But now hammers still cost $5 more than they used to. Tariffs NEVER bring down prices.