Because we can't build a lot of car parts in the US for the same price. If we tariff imports / move all manufacturing back to the US then prices must rise. The problem is that this sucks up money that would otherwise be spent on other things, so the economy on the whole suffers. One way that advanced countries adapt to this is by pivoting to high-tech manufacturing.. which requires highly skilled labor and can't be easily replicated in other countries. In other words let someone else make a cheap widget, then use that to build a jet engine that increases the added value of the widget dramatically.
maporita
joined 1 week ago
"A lot of the illusions that I held dear, rugged individualism, individual freedoms, are coming back to bite us in the ass. It seems like getting rid of the gatekeepers gave us Trump as president, and in the same breath, in the same wind, gave us not wearing masks, and maybe gave us a huge unpleasant amount of overt racism."
Hats off to a man willing to admit he made a mistake.
My favorite:
"Where did you save the file?"
"I saved it in Excel"