will mexican companies absorb the 20% tariff trump puts on their goods?
- Thread starter UncleBuck
- Start date
rkymtnman
Well-Known Member
she's a 2 bagger.
one to cover her face and one to cover mine just in case any of my friends are looking in the window.
Fogdog
Well-Known Member
Nope, not the same thing at all "the same". Cutting trade ties or a trade war with Mexico means lowering the standard of living for everybody in many ways. From food prices going up, fewer food choices -- avocados for example, to losses of jobs that depend on exports to Mexico. Mexico is the US's second largest export market, what do you think Mexico will do in retaliation? Mexico manufactures much of the small parts and machinery used in US manufacturing. The type of industry is low end and the US worker won't work for Mexican labor rates. If you are worried about the relatively minor effect of raising minimum wages on inflation, you'll be greatly disappointed with inflationary effects of a trade war with Mexico. This kind of action is recessionary and inflationary. Bad deal for the US.
Raising the minimum wage affects a relatively small group of people -- 4.3% of the work force in 2014. One of the largest groups affected will be fast food and low end restaurants. But even there, expect maybe 50 cent increase in the cost of a Big Mac or Wendy's burger. So, not the same at all. It will affect the fast food industry because their business will decline. I'm not sure that would be a bad thing.
The most helpful and dependable actions to affect the economy and worker's earning power is expansion of productivity, something that will not grow by moving low tech jobs back to the US. Better to put resources in shifting the work force into the areas of energy technology, tech services high end manufacturing and health care. Also maintain healthy business relations with all of our trading partners. Trump's initiative with Mexico is a race to the bottom.
jwreck
Well-Known Member
You make a great argument but your numbers are incorrect. You state only 4.3% of the pop would be affected and that seems way low a number to me, you are excluding the unemployed and the ones that have given up looking for work.
Add all those numbers then get back to me
Lucky Luke
Well-Known Member
Just to further touch on the min wage.
This is the Big Mac comparison. As you can see those countries with a higher min wage than America and price of a Burger. Take into account currency conversions etc. Decent livable min wage is a benefit to the economy.
Six most expensive (15 November 2015)
This is the Big Mac comparison. As you can see those countries with a higher min wage than America and price of a Burger. Take into account currency conversions etc. Decent livable min wage is a benefit to the economy.
Six most expensive (15 November 2015)
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Switzerland - $6.82 (6.50 CHF)
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Norway - $5.65 (46 NOK)
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Sweden - $5.13 (43.70 SEK)
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Denmark - $5.08 (34.59 DKK)
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United States - $4.79
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Venezuela - $0.67 (4.22 Venezuelan Bolivar)
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Ukraine - $1.55 (15.74 Ukrainian Hryvnia)[19]
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India - $1.83 (121.21 Indian Rupee)
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Russia - $1.88 (133.75 Russian Ruble)
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Malaysia - $2.01 (8.63 Malaysian Ringgit)
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Hong Kong, China - 8.7 min
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Luxembourg - 10.3 min
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Japan, Tokyo - 10.4 min
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Switzerland, Zurich - 10.6 min
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United States, Miami - 10.7 min
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Kenya, Nairobi - 172.6 min
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Philippines, Manila - 87.5 min
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Mexico, Mexico City - 78.4 min
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Indonesia, Jakarta - 66.7 min
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Egypt, Cairo - 62.5 min
UncleBuck
Well-Known Member
wow, you completely missed what the 4.3% refers to. go back and re-read, embarrassed trump lover.
oh, and it's not just avocados. we import $250 billion dollars worth of stuff from mexico every year. a 20% tariff on that is $50 billion a year that the american people will have to pay for, not mexico.
that's $5 trillion in the first decade alone for a monument to bigotry.
Fogdog
Well-Known Member
You can learn for yourself, but I'll lead you to my source for the number.
http://www.pbs.org/newshour/making-sense/undisputed-facts-minimum-wage/
It's a 2014 wage statistic because there is a lag between when the data are gathered and when it is reported by the government. You are wrong in the idea that that I stated the number as 4.3% of the population. In fact I stated "4.3% of work force". I should have said "4.3 percent of hourly paid employees" In any case, this doesn't change the conclusion that relatively few workers are paid at minimum wage and so the inflationary effect would be pretty small in this country..
Too bad this conflicts with your impression of reality. NPR/PBS is a better source of information than the one you seem to be listening to.
squarepush3r
Well-Known Member
Fogdog
Well-Known Member
Wow, that was weak. Still, better than you copying and pasting an entire article just to prove you are ignorant. This was much better.
UncleBuck
Well-Known Member
or a tweet about what "the black president" did.
squarepush3r
Well-Known Member
did Trump/pence ban all Muslims from entering USA? As far as I know there are still 43 Muslim countries that immigration/visiting is not changed.Dec 2015 Pence tweeted, "Calls to ban Muslims from entering the U.S. are offensive and unconstitutional."....
UncleBuck
Well-Known Member
why did he forget to ban immigration from the very countries the 9/11 attackers came from?
squarepush3r
Well-Known Member
Yes, many of the 9/11 hijackers were from Saudi Arabia originally, but they did their planning and setup in the "destabilized" Muslim countries, like Iran, Afghanistan etc. Also Saudi Arabia is very rich and has business ties to US that they don't want to disrupt, like purchasing massive amounts of weapons.
Speaking of which, why can't the rich Muslim countries in the area just take the Muslim refugees in need? I agree with you on this, they have the same religion and language so there will be very little culture shock. Why do we have to literally fly them across the world to somehow live in USA?
UncleBuck
Well-Known Member
did he maybe just forget because he does business in saudi arabia?Yes, many of the 9/11 hijackers were from Saudi Arabia originally, but they did their planning and setup in the "destabilized" Muslim countries, like Iran, Afghanistan etc. Also Saudi Arabia is very rich and has business ties to US that they don't want to disrupt, like purchasing massive amounts of weapons.
Speaking of which, why can't the rich Muslim countries in the area just take the Muslim refugees in need? I agree with you on this, they have the same religion and language so there will be very little culture shock. Why do we have to literally fly them across the world to somehow live in USA?
squarepush3r
Well-Known Member
There are 50 Muslim majority countries, Trump banned 7. Idk, maybe he personally profits from his business in some of the others, but at least I don't think anyone can say its racist.
UncleBuck
Well-Known Member
pre-emptively declaring that it's not racist is not something you would have to do if it was not racist. or more specifically bigoted, but that's a distinction without a difference really.
i've never met so many non-racist people who have had to declare so often how not racist they are.
squarepush3r
Well-Known Member
how can it be racist against Muslims if it applies to non-Muslims from those 7 countries listed, and does not apply to other Mulsims from around the world, including the 43 other marjority Muslim countries?
Also, I am not preemtively declaring it not racist, if you noticed the news and social media today, there is a lot of outcry that "Trump just banned Muslims"
UncleBuck
Well-Known Member
in post 216 you pre-emptively declared that this was not racist. but it is.
more accurately, it's bigoted and unamerican.
racist would be your posting of a tweet condemning what "the black president" did.
you're reaching full shithead status in a hurry.
PCXV
Well-Known Member
So now you are cool with pay to play. Sweet.