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You cannot increase wages without the money to do so. The factories are broke too. Manufacturing has these fundamental deficits that make it very capital punishing compared to software or finance, or consulting.

Britain is a better example of this because it's much smaller. The country is pretty much London with wealthy desk workers, and then the rest of country with hollowed out industry that is borderline 3rd world.

Naturally the economy wants to kill inefficient businesses, and let the workers fall off the societal wagon. So the question is how do you stop that.

The right says protect industry so they can have jobs, the left says tax rich people so they can have handouts.

by jjtwixman2 minutes ago|

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Have you even been to the UK? Or are you one of those terminally online experts on the "UK understanders" who just makes hyperbolic statements about the place? A bit like that guy Musk.

by preg_match5 hours ago|

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This is true, but the problem is accelerated with poor fiscal policy like everything the Trump administration does. Tariffs ultimately hurt manufacturing, not desk workers. The idea was solid: implement tariffs to encourage domestic manufacturing. Except, domestic manufacturing requires materials, which are now tariffed. And the tariffs are so volatile that any capital investment, outside of maybe datacenters and some others, is suicide.

The right says give them jobs, but in reality, their policy destroys jobs. It doesn't help that GOP fiscal policy also implodes the deficit further than it already is, so now you can't even use that money to stimulate businesses. We're stuck in a corner. It will take decades to fix this fiscal mess, and in the meantime a lot of people are going to suffer.

by WarmWash5 hours ago|

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It's too embattled for me to comment on Trumps execution. I'm just speaking to the theory.

Tariffs have been used to protect industry for centuries by every country in the whole current debacle.

Again I'm just speaking about what the wrench does, not how the guy wielding is working.