Comment on How Trump's Tariffs Could Cost Gamers Billions

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ampersandrew@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

We don’t have infrastructure to produce a lot of the components in the things we buy, and even if we did, it would inherently cost a lot more to produce than in the countries that are about to have tariffs placed on them. That the US ever was a manufacturing powerhouse was, in my understanding, a very “place and time” sort of deal after World War II. Not only were all of our competitors recovering from being bombed, but we also advanced to a services based economy very quickly, raising the standard of living beyond a point that manufacturing jobs can typically afford to support. I’m no economist though; I just watch one on YouTube, and “the middle income trap” is a frequent topic.

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