View Single Post
Old 03-11-2017, 08:22 AM  
Barry-xlovecam
It's 42
 
Industry Role:
Join Date: Jun 2010
Location: Global
Posts: 18,083
HAHAHA

If you want to argue that 10% of employed workers are 'underemployed' that isn't a viable argument because they are not worth employing at their old wages (*in most cases).

The new dollar value makes imports cheaper and decreases exports. It is also inflationary as the lower import costs will make a border tax less noticeable (for a while) until the dollar value drops and import costs increase. The net cost of imports are then with taxes destined to increase 20% or 30%

The US standard of living will decrease and we will have the overdue recession expected.
Barry-xlovecam is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote