@jdizzle0113@iSpaceFace In their companies, and/or just paying the employees who helped you achieve those profits higher wages. That would likely require some sort of market regulations tho and America is not a big fan of that.
@jdizzle0113@iSpaceFace Yessir. We got a little side tracked, but i think we were always in agreement on tariffs. A way to actually fix the issue would be to end stock buy backs and insane executive compensation packages. Make companies use their profits for R&D, creating new jobs and upward movement
@jdizzle0113@iSpaceFace There's just not really a way we can compete with these other countries in manufacturing. Extremely low wages and almost no worker protection or regulations versus here where we have much higher wages, unions, and regulatory offices like OSHA
@iSpaceFace@jdizzle0113 Do you think Nike's are of great quality now? Quality is of little importance to these companies if people continue to buy new ones every year.
It's still gonna be cheaper than manufacturing them here which is all that matters.
@jdizzle0113@iSpaceFace Prices don't drop when inflation drops unfortunately. What should happen is companies should increase pay to go along with inflation. That's what a cost of living raise is supposed to be. But that rarely happens because all companies want to squeeze us for as much can they can
@iSpaceFace@jdizzle0113 That labor cost difference alone would still make it cheaper to manufacture most things in China than here. What would most likely happen is that manufacturing will just move to Taiwan or the Phillipines or Central/South America where the tariffs are lower and the labor is cheap
@iSpaceFace@jdizzle0113 It depends on where you compare it to. A 60% tariff on Chinese imports is still likely cheaper than it would be to manufacture things here. The average salary for a factory worker in China is roughly $12,000. The average for factory work in the US is $35-45k.