51-89: mixture of LMC, mostly Latino, and MMC. Working years, have no idea how much is in their 401K, not doing amazing but probably own a home in Flyover, don't give a shit about the market day to day, life is fine

90-99%: UMC greedpigs, hyper competitive, obsessed with status, MY masters, my kid got into Princeton, Drumpf is literally Hitler, MY trans kid, Atlantic subscription, has never met a Trump supporter, lives in 90% white suburban enclave, calls police on the pizza delivery man after they forgot they ordered, foreign leeches like TT

Top 1% elites: *strokes goatee* veddy, veddy interesting. I sense a great opportunity to accumulate even more wealth.

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818306)

Pigs get fat, hogs get slaughtered.

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818329)

If I had known how much shit you people were going to eat I would have stuffed ballot boxes myself. I didn't cheat nearly enough.

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818400)

And maybe after 50 years of GC hollowing out any semblance of our country maybe you can't blame them all for how it got this way. But I expected more from are Greatbort after two decades of spirited discussion about how it's all fraud and lies and America cannot survive as a glorified trading outpost with no identity. I honestly expected more but as soon as the U-turn came for them they all started complaining. Pathetic.

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818425)

the unlikely situation we've found ourselves in feels like divine providence at times. these faggots must choose between libs wanting to chop their dicks off and trump destroying their kike nightmare casino. despite their kvetching, they will begrudgingly choose keeping their dicks over their imaginary talmud tokens.

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818451)

I have spent the past week trying to get the message out but the one thing that UMC frauds don't understand is just how bad the working class has it and just how real literal wage slavery is. Half the country are indentured servants who own nothing and aren't happy about it. If ggtp had to clock in at pizza hut and was staring at his two week paycheck for $257 he would go, "Oh, okay, yeah. It really is this bad." But that will never happen so Talumdic Coins it is.

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818483)

they know how bad it is. that's why they're jealously hoarding what they have. this cycle has happened throughout time. wealth naturally accumulates over time, growing wealth disparity over time, until the working class is finally fed up enough to do something about it. and every time there has been upper class class traitors, like ceasar you just mentioned. the senate hated him because he wanted to give the people land who he saw were suffering as slaves displaced them. we're doing the exact same thing, offshoring to slave labor abroad and utilizing illegal slave labor domestically.

there's only two possible outcomes: either something changes, or we continue down the path to a cyberpunk technodystopia with a impoverished vestigial working class that outlived it's purpose.

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818512)

I also just generally avoid engaging pumos with hot takes. They’re like content farming Indians on twitter.

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818484)

I was mocking this shit like 12-15 years ago when askav was blabbering about youthanize around the time OWS and whatnot

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818432)

Trump's press secretary was just bragging yesterday about adding 228k jobs in March. Guess those jobs mean nothing unless they're in iron smelting amirite.

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818415)

i'm explicitly agreeing with you friend. under biden all the rusting factories around me started operating again and i'm worried that trump is going to ruin the rapid reindustrialization you mentioned.

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818429)

Building US factories just became more expensive thanks to the tariffs. Inputs like steel are necessary to build a factory, and the tariffs are making those inputs more expensive.

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818684)

UMC will still have cash flow to keep their houses, etc. but LMC will be homeless

#Make Asia Great Again

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818428)

The company is one of several North American steel manufacturers struggling to deal with the impacts of the Trump administration’s trade policy.

Cleveland-Cliffs is laying off workers in Michigan and Minnesota as the steelmaker attempts to mitigate the knock-on effects of the Trump administration’s tariffs on steel and auto imports.

The company plans to idle some operations at its Dearborn, Michigan, plant due to falling automotive demand, leading to 600 job cuts, according to an emailed company statement. Cleveland-Cliffs will also idle operations at two iron ore mines in Minnesota, resulting in 630 layoffs.

“These actions will allow the company to operate more efficiently and in a more cost competitive way for the current market environment,” the company said in its statement. “We believe that, once President Trump’s policies take full effect and automotive production is re-shored, we should be able to resume steel production at Dearborn Works.”

https://www.supplychaindive.com/news/cleveland-cliffs-layoffs-canada-metal-nucor-steel-tariffs-trump/743864/

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818450)

https://www.fastcompany.com/91311521/stellantis-lay-off-900-u-s-workers-horrifying-consequence-trumps-tariffs

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818470)

In 2018, Trump imposed a 25% tariff on steel and a 10% tariff on aluminum imports in an effort to give U.S. steel producers a leg up and stop job losses in that industry. He later granted exemptions to allied countries, including Canada and Mexico.

Those tariffs had a mixed effect.

U.S. steel manufacturers added about 1,000 new jobs as foreign-made steel suddenly got more expensive, making U.S.-made steel more competitive, according to a 2020 analysis by economists at Harvard and the University of California, Davis.

1

The researchers broke down figures from a 2019 study by researchers at Columbia University, the Federal Reserve Bank of New York, and Princeton University.

2

Unfortunately for the U.S. economy, there are many more industries that use steel than make it. Companies making auto parts, motorcycles, household appliances, various kinds of machinery, batteries, and military vehicles suddenly had their costs increase.

As a result, by 2019, those companies had hired 75,000 fewer people than they would have without the tariffs, the researchers calculated.

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818476)

"It's zero. Not one."

"It's zero. Not one."

"It's zero. Not one."

"It's zero. Not one."

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818783)

We voted for TRUMP brother and tariffs are awesome, eat shit, Avi.

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818821)

You got every single fact I posted above wrong. Either out of a disgusting intellectual dishonesty, or out of complete idiocy. Reread my three posts at the beginning of this subthread, and think before replying.

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818834)

so the researches found domestic steel producers benefited from the tariffs but other industries suffered because they were even less competitive with foreign imports using steel? so what do you suppose will happen if we do tariffs across the board on all imports?

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818831)

pointing out that the few remaining things we manufacture here have foreign competition just demonstrates why protecting them is necessary. if we don't they will eventually be produced overseas by foreign slave labor, just like how everything else slipped away.

but hey, at least you're implicitly conceding that domestic manufacturing is a good thing and that it is in fact possible to manufacture stuff here!

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818883)

And no, it's not a non-sequitur. these industries will on net suffer from a loss of free trade. higher material inputs and smaller markets to sell in.

Having high-value-added advanced manufacturing here is good because it is very productive and therefore can support high-paying jobs. Same for tech and professional services. We have a trade surplus in these industries and protectionism will hurt these industries. While only benefitting the less productive manufacturing that's lowest on the value chain, which involves jobs that are low-paying for the amount of labor and hazard.

In fact, that's part of why we succeed at the highly productive industries and fail at the lower-productivity basic manufacturing industries...you can't convince Americans to work these shit jobs but you can convince them to work the more advanced higher productivity jobs because the productivity means wages are higher.

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818914)

but they will eventually though, right?

advanced manufacturing has been slipping overseas for years and will continue to do so. that's the entire point you fucking moron. if you don't think china will be able to produce gpus and planes (hint: they already do) you're retarded. there is no reason to think that without economic protections those industries won't slip away *just like every other one has.*

it's like arguing with someone from 1992. "haha no way will these dumb gooks ever be able to compete with ford and chevy!"

edit: i'll address one of your manic edits the one time because it's so fucking dumb.

"you can't convince Americans to work these shit jobs but you can convince them to work the more advanced higher productivity jobs"

HAtp is right, you retards are so fucking out of touch, although i think it's more likely you're a bold faced liar. millions of americans are working sub-minimum wage appslave gig jobs and getting their dicks burned off by baristas. you don't think someone doordashing for a living would take a stable factory job? you're either a sealclubber grade retard or a lying kike.

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818944)

this is exactly how it has worked for the past thirty years. you have no argument to why it won't happen with remaining industries beyond "they're dumb gooks lol" despite the fact that as they've developed they've been able to grab increasingly more and more advanced industries that you dumb neocons said would never happen because "they're dumb gooks lol."

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818967)

https://www.ssa.gov/oact/cola/avg_median.gif

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818973)

https://www.ssa.gov/oact/cola/avg_median.gif

and arguing that the american worker is better off today than they were in the 90s is so fucking insane that even the potent combination of my autism and adderall script isn't enough to continue engaging you in one subthread, let alone the multiple others you're generating by replying to me multiple times for some reason.

but thanks for posting that chart to settle the question of whether you're a liar or a retard.

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48819000)

Here is another chart showing that income increased at every quintile since the early 90s (and note this actually *understates* the growth since households are smaller now):

https://www.advisorperspectives.com/images/content_image/data/d4/d46d776a112c9650a8d004d142f4758b.png

If your message to the American people is you want everyone to be poorer but more equal, it's a garbage message.

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48819003)

sorry i came at you and made ridiculous claims like the american worker is worse off today than in the 90s. i see now that they're 3x better off than before. i can't believe i challenged such an economically literate person like you on economic policy.

also, did you know that thomas jefferson's net worth was $200k? wow, it turns out that i make more annually than the entire net worth of one of the richest americans in the 1800s! thanks for the education friend, i'm off to buy monticello for $6300, the price jefferson estimated it's value in 1800! boy, it sure is fun being a fucking retard and living in a fantasy world created by my own retarded imagination!

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48819063)

Median usual weekly real earnings (i.e., inflation adjusted) are up 17.5% since 1993 pre-NAFTA implementation:

https://fred.stlouisfed.org/series/LES1252881600Q

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48819137)

And no, Americans don't want to work a stable factory job at a wage that will keep the factory solvent in some low-yield industry. Yess the prices of the goods will rise with tariffs, making those industries more profitable, but people will also buy fewer of those goods, so it will wash out. This is the tariff deadweight loss.

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818970)

https://www.uschamber.com/workforce/understanding-americas-labor-shortage-the-most-impacted-industries

there was a labor shortage for *skilled* jobs during COVID because, surprise surprise, the decline in manufacturing has led to a decline in skilled workers, and when we needed to make our own shit the talent wasn't there. which is precisely why manufacturing is also a national security issue to ensure we can be self-sufficient in the event of an emergency. if the manufacturing industry grows, so will the number of people who choose to go into it. just like how in 2010 everyone was learning to code and now that market is oversaturated.

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48819116)

But I still care. Your last line should be at 0.1% or 0.001%.

I care insomuch as it's a moronic policy. You can't unring the bell of 40 years of deindustrialization overnight. Those supply chains take decades to make, and billions in immovable capital investments and they won't change, especially when no successor to Trump will continue his policies (Trump won't continue longer than a month or two).

If left for more than a month, inflation will be massive, as every serious economist has said. You can't make a third of the stuff we buy 50% more expensive over night (and large components of the other two thirds, as well), without things being much more expensive. If the market crash doesn't cause a reverse course, the immediate and obvious inflation will.

There was a smart, nuanced way to do it. You could implement a small broad tariff and use it almost as a consumption levy or VAT (and re-broaden the tax base since 50% pay no income tax, a GOP goal for 20 years). You could target specific countries, policies or industries more aggressive to achieve concrete successes where America could compete or reindustrialize in the medium term.

But 10-60% tariffs on the whole world is an unserious plan from an unserious president. The lack of nuance and thinking them through is all the more evidence that they won't stick (and can't stick), which is more reason no serious company will treat them as if they will last (and treat them as a negotiating ploy). Trump seems surprised that this is so obvious to other parties ("CHINA PLAYED IT WRONG THEY SHOULD NEGOTIATE"), which is the most hilarious, boomer-male thing about it. He's peak born on third base with bases loaded and an 0-3 count boomer male confidence.

And the market doesn't believe this will stick either. 15% is the market not believing it. If it does stick, it will be 50%. 2 plants may stay open in Michigan and North Carolina; millions will lose jobs in the recession. Cost per job created may reach hundreds of millions.

Finally, the middle class cares about this a lot more than I do. When they lose jobs in major recession, they lose houses, kids need to move schools, life comes tumbling down.

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818435)

Even the hardline house Rs are running for cover this weekend.

"Why are people concerned that half their money is gone and things are twice as expensive."

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818482)

Trump found something can unites the entire country.

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818826)

His hope is Fed will act before things get bad or soon thereafter. But there is no guarantee of that. Fed's mandate is to keep unemployment low and inflation at 2%. Tariffs are inflationary, so it's going to balance out.

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818922)

Memories are short, but the C-Suite of Countrywide Mortgage would not have won political office in 2010, 2012, 2014 (and they would be orders of magnitude less responsible than Trump is for this).

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818948)

I am sincerely happy that this has hurt you IRL and I hope it hurts you more. I lol @ the thought that when the recovery comes, you’ll either be dead or too stupid / TDS-addled to capitalize on it.

Captain-of-industry Trumpmos will be wheeling and dealing in factories, sawmills, foundries, and oil fields while you struggle to pay for gender reassignment surgery for your freak trans kids.

HTH!

(http://www.autoadmit.com/thread.php?thread_id=5705787&forum_id=2E#48818979)