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re: China announces 34% retaliatory tariff on all US imports. Dow down 1000 on the news.

Posted on 4/4/25 at 8:23 am to
Posted by slackster
Houston
Member since Mar 2009
91385 posts
Posted on 4/4/25 at 8:23 am to
quote:

The market is not even open. You mean Dow futures.


Yes, I figured that was implied.
Posted by El Segundo Guy
1-866-DHS-2-ICE
Member since Aug 2014
11437 posts
Posted on 4/4/25 at 8:25 am to
I get what you're saying.

I wouldn't want to work in a plastic widget factory, nor would you. But we have a large population of poorly educated people that have been pushed out of the manufacturing sector and into your favored service sector, at usually lower wages.

I'd rather have dummies making steel t posts, glass or stainless steel pipe--here in southern Oklahoma, the county I live in has those large factories with wages you can raise a family on. CMC Steel, Cardinal Glass and Tubacex.I see them and know people that work there. They would be straight up screwed working a service industry job, or worse on welfare.
This post was edited on 4/4/25 at 8:26 am
Posted by imjustafatkid
Alabama
Member since Dec 2011
63007 posts
Posted on 4/4/25 at 8:28 am to
quote:

Tell us how paying higher prices to redistribute wealth from productive people to artificially increase salaries of non-efficient jobs is going to be beneficial to our economy.


You have it backwards. Wages are currently artificially deflated due to the terrible trade policies you want us to keep that are currently being corrected.
This post was edited on 4/4/25 at 8:28 am
Posted by Bunk Moreland
Member since Dec 2010
66986 posts
Posted on 4/4/25 at 8:31 am to
quote:

I wouldn't want to work in a plastic widget factory, nor would you. But we have a large population of poorly educated people that have been pushed out of the manufacturing sector and into your favored service sector, at usually lower wages.

The problem is I think people who want manufacturing back think it's going to be 1950's America with great benefits, where a guy can raise his family of five on that wage. This was a pretty good documentary about how things end up when you bring shite work back here:
Posted by CastleBravo
Rapid City, SD
Member since Sep 2013
1241 posts
Posted on 4/4/25 at 8:31 am to
Win win!

Decoupling from despotic regime and cheaper stocks.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
467650 posts
Posted on 4/4/25 at 8:33 am to
quote:

But we have a large population of poorly educated people that have been pushed out of the manufacturing sector and into your favored service sector, at usually lower wages.

I've argued for years these people should be in the trades, which has a huge demand for labor currently.

Hell, I'm trying to verify something someone said on the money talk yesterday about up to 500k manufacturing jobs looking for workers.

There are jobs for these people who cannot be educated to deal with higher-level jobs. It's a myth that they have no options. They just want the overpaid factory jobs that left.

Posted by tommy2tone1999
St. George, LA
Member since Sep 2008
7644 posts
Posted on 4/4/25 at 8:33 am to
It's not like we were selling much there anyway
Posted by wackatimesthree
Member since Oct 2019
10771 posts
Posted on 4/4/25 at 8:33 am to
quote:

In other words, they are lying to you because you don’t understand.


And boy is it working.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
467650 posts
Posted on 4/4/25 at 8:34 am to
quote:

You have it backwards.

I do not.

quote:

Wages are currently artificially deflated

They are not. We don't have these jobs domestically due to how high our wages are.

The value of these jobs is a salary lower than McDonalds workers. You want to pay them exponentially more than McDonalds workers. The question is why you think this is smart.

Posted by DTRooster
Belle River, La
Member since Dec 2013
8895 posts
Posted on 4/4/25 at 8:34 am to
quote:

He's slaying the economy
the market and the economy are not the same thing, genius
Posted by Taxing Authority
Houston
Member since Feb 2010
62652 posts
Posted on 4/4/25 at 8:34 am to
quote:

You have it backwards. Wages are currently artificially deflated due to the terrible trade policies
we have the most expensive workforce on the planet.
Posted by wackatimesthree
Member since Oct 2019
10771 posts
Posted on 4/4/25 at 8:35 am to
quote:

Wages are currently artificially deflated due to the terrible trade policies you want us to keep that are currently being corrected.




You can't make this stuff up.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
467650 posts
Posted on 4/4/25 at 8:35 am to
quote:

The problem is I think people who want manufacturing back think it's going to be 1950's America with great benefits, where a guy can raise his family of five on that wage. This was a pretty good documentary about how things end up when you bring shite work back here:


I'm about to create a short-hand by describing these workers as workers at Popeyes, to hopefully get the ignorant to understand who they are talking about
Posted by wackatimesthree
Member since Oct 2019
10771 posts
Posted on 4/4/25 at 8:36 am to
quote:

The question is why you think this is smart.


Dude, you have to ask this?

'Muh 'Merca.

That's why.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
467650 posts
Posted on 4/4/25 at 8:36 am to
quote:

we have the most expensive workforce on the planet.

They have to literally ignore reality to make their "points".

His whole argument relies on taking the literal opposite stance of reality
Posted by DaBike
Member since Jan 2008
10453 posts
Posted on 4/4/25 at 8:37 am to
And Chinese people continue to look for ways to get their money out of China.
Posted by wackatimesthree
Member since Oct 2019
10771 posts
Posted on 4/4/25 at 8:38 am to
quote:

We don't have these jobs domestically due to how high our wages are.


I've been trying to tell them for weeks that the average factory wage job in the US is $17 an hour.

What is it that they think is going to happen to the economy by adding 5 or 10 or 20 or 50 million $17/hour jobs?

They don't answer that question, though.

'Muh 'Merca. That's what you get when you ask that.
Posted by Lizardman2
Member since Jan 2024
2460 posts
Posted on 4/4/25 at 8:39 am to
China is heading for a major collapse.

If they think they can depend on the EU to bolster their economy, they are really reaching.

The world is playing a game of FAFO with Trump.
Posted by momentoftruth87
Your mom
Member since Oct 2013
86110 posts
Posted on 4/4/25 at 8:40 am to
If you look at chinas market it’s been way rockier than ours the last decade. Ppl worried about drops should go check it out.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
467650 posts
Posted on 4/4/25 at 8:40 am to
quote:

I've been trying to tell them for weeks that the average factory wage job in the US is $17 an hour.

What is it that they think is going to happen to the economy by adding 5 or 10 or 20 or 50 million $17/hour jobs?

They don't answer that question, though.


They also don't like to discuss why more productive jobs, like McDonalds workers, should get paid less than these jobs they want back that are less economically productive. They REALLY don't like to think about that scenario, where McDonalds workers are more valuable than these jobs they want back (as they've created this halcyon view of these jobs, to, again, ignore reality to make the stupid strategy sound good).
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