|
|
|
|
|
by passthefist
3515 days ago
|
|
One of the reasons those jeans are $60 is because the labor is cheap. Import tariffs might bring back jobs, but no way you'll be able to pay the workers the wage they're looking for and keep the cost of goods the same. My question is if the cost of goods will rise enough to make wage gains irrelevant, or if the effect won't be strong enough and we'll see real wage gains. |
|
when you have a 100 bucks a pair Levis vs 5 bucks a pair of local made jean (which came out of same factory), Chinese are most likely to buy the 5 bucks one, and therefore Chinese govt effectively protect their local business, took job from USA and helped every local economy with American investing dollars.