Trump thinks he is smart to get rid of cheap migrant workers, but he is killing USA farmers, food and beverage establishments and retail outlets employing cheap workers. USA citizens are not taking over those jobs without substantial wage increases.
All of USA businesses are now suffering double whammies. Shortage of workers in most jobs that USA citizens shun and escalating costs resulting from the tariffs imposed on other countries. Retail outlets have to pass on the tariffs to consumers, otherwise it means kicking the bucket for sure.
Now the third whammy is beginning to bite with markets closing for USA products destined for China, Canada and EU. Even tourism into the USA is now suffering the indirect consequence of those tariffs, with tourists avoiding the USA and putting its hotels and food and beverage businesses under stress. With tourism affecting jobs, how many will be affected is yet unknown. But it certainly will not be minor, with tourism logistics catering to the sector will all be seriously affected - hotels, food and beverage outlets, shopping malls and gate receipts to places like entertainment spots and Disneyland for example.
All these are self-inflicted pain and misery for USA citizens, who are already aware of how 'peasants' are enjoying their life of plenty in China. Ironic!
Anonymous
No comments:
Post a Comment