The method in Trump’s tariff madness - Fat Tail Daily
The Mar-a-Lago Accord is an echo of the three major international currency accords since the original Bretton Woods Agreements reached in 1944…
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The Trump tariffs
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According to the article you linked to:
"Offering higher paychecks would likely compel more Americans to flock to the remaining open positions.
But the higher pay that Americans demand to work in manufacturing is one of the big reasons that many manufacturers left America in the first place."
So again it comes back to the issue of companies not paying enough. There is not a shortage of workers, wages just need to rise.
Given how much the cost of everything has skyrocketed, like groceries, gas, and rent , to offer anyone a low wage to do manufacturing or any other job is a non starter .
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There is a shortage of skilled workers for high-paying manufacturing positions, and a need for more/better technical vocational training.
This is what needs to be set up to address the issue:
Even if true these high paying manufacturing jobs are very scarce to begin with the vast majority of unfilled manufacturing jobs are low wage jobs with poor working conditions. In general the main problem in western countries including the USA is that labour markets are oversupplied not that there is a shortage.
And companies have ridiculously long lists of requirements which sometimes run multiple pages while offering people $25 per hour pay. Its not a genuine shortage. If companies actually needed people they would train people from scratch but they don't want to do that because they are only concerned about next quarters earnings rather than building a company that will survive the next 100 years.
100% of these so called "labour shortage" problems are caused by the greed and short shortsightedness of corporations. They made their bed now they can lay in it.
"Next quarters earnings" often lead to the downfall of many large companies, the auto industry here in the USA is about to repeat history again....
TLDR the surge in US imports due to people trying to front run the tariffs is what is temporarily depressing American quarterly GDP. Underlying the economy is actually showing a lot of strength where the private sector is growing while government sector shrunk. Most of the growth under Biden came from growth in the government sector (i.e. unproductive growth).
Walmart raising prices due to tariff costs: What we know
Walmart says it will raise prices to counter higher costs from President Donald Trump’s tariffs, despite strong quarterly sales.
...Walmart announced it will raise prices due to increased costs from President Donald Trump's tariffs, particularly on imports from China and agricultural products from countries like Costa Rica, Peru, and Colombia. Despite strong quarterly sales, CEO Doug McMillon said price increases began in April and accelerated in May, with a focus on back-to-school items. Walmart is trying to mitigate costs by adjusting supplier materials, but many retailers are also raising prices due to higher tariffs and shipping costs...
Walmart business model is to monopolize the market and squeeze the suppliers to deliver rock bottom prices to Americans, creating a positive feedback loop of growth. They can’t absorb the tariffs.Walmart raising prices due to tariff costs: What we know
Walmart says it will raise prices to counter higher costs from President Donald Trump’s tariffs, despite strong quarterly sales.www.livenowfox.com
...Walmart announced it will raise prices due to increased costs from President Donald Trump's tariffs, particularly on imports from China and agricultural products from countries like Costa Rica, Peru, and Colombia. Despite strong quarterly sales, CEO Doug McMillon said price increases began in April and accelerated in May, with a focus on back-to-school items. Walmart is trying to mitigate costs by adjusting supplier materials, but many retailers are also raising prices due to higher tariffs and shipping costs...
Walmart is actually the perfect bellwether to judge this new economic policy and how much people actually believe in what they preach, including Trump.
You've got that completely backwards. A monopoly always charges higher prices because there's no competition, which means they have plenty of room to lower prices or absorb tariffs. Greedy CEOs don't care of course and have no other competition to threaten them, so they raise prices.
The tariffs expose the problem of the Wally world monopoly. All monopolies do this.
Does Walmart have a monopoly?
And it looks like comey may have made the seashell twitter post as a stunt to get invites to interviews and make himself relevant again
And it looks like comey may have made the seashell twitter post as a stunt to get invites to interviews and make himself relevant again
Walmart is the largest employer of Americans in a majority of states. They have put hundreds of thousands of mom and pop distributor stores out of business. They have an iron lock on the distribution business, only Target can find market space with them, and even then, it's a distant second. Walmart controls almost 60-70% of the distribution market for generic goods, making them the largest monopoly in the USA.
One of the few states Walmart isn't the largest employer is in Massachusetts, as the blue collar workers there voted to ban Walmart within a 30 mi radius from Boston. I think this happened in the 70s.
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Even in states without Walmart at #1, they are still close to #1. They used to be #1 in 48 out of 50 states, but the rise of the internet and Amazon has dampened their business a bit.
Ironic that Trump is acting like a communist, telling private enterprises what prices they should charge. It's not only Walmart that have announced higher prices btw...Walmart is not a charity, so I don't get what he's trying to say?
www.businessinsider.com
Walmart, Shein, Target, and other major brands that say Trump's tariffs are pushing them to raise prices
Trump's tariffs have companies scrambling as they navigate cost increases. Here are the companies that have talked about hiking prices.
www.businessinsider.com
None of these businesses are capitalistic enterprises to begin with in the classical sense of the term. They are all rent seeking. Walmart wages are only so low because the taxpayer subsidizes their workers with food stamps and other assistance programs. They are just externalizing the cost onto society.
If you want to be treated as a capitalist enterprise you need to behave as one. Since 2013, Walmart has spent more than $70 million lobbying. It’s one of the top lobbying retailers in the U.S.and its lobbying has had an effect on regulations (which benefit them).
I get that, but you have to admit that it's ironic with trump posting; Eat the rich/Don't be greedy type stuff!
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