They raise wages if you have domestic producers ready to step in to replace the tariffed goods and if those companies pass on some of their new profits to their employees. US companies don’t exactly have a good track record of that.
How’d you reach that conclusion? Tariffs aren’t exactly a new concept so you surely can point me to a concrete example from the past several hundred years across several hundred countries right?
Tariffs raise prices and wages.
They raise wages if you have domestic producers ready to step in to replace the tariffed goods and if those companies pass on some of their new profits to their employees. US companies don’t exactly have a good track record of that.
Having more jobs raises wages through competition for workers. Markets don’t require generosity of heart in order to serve people.
How’d you reach that conclusion? Tariffs aren’t exactly a new concept so you surely can point me to a concrete example from the past several hundred years across several hundred countries right?