• Valmond@lemmy.world
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    3 hours ago

    It’s not a zero sum game. If you make the workforce more expensive guess what, your products gets more expensive, and thus less competitive so you’ll export less and the cycle continues. The production of competitive items will just shift to another country, and if you try to block that (say more tariffs) from coming to the USA, bravo you played yourselves and only now have access to inferior products.