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Death_Equity
Death_Equity@lemmy.world
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I don’t like that type of competition and we end up losing everybody else as the sarcasm and references get more obtuse and obscure until one of us loses and slingshots up to potty humor.
That is nice economic theory.
The reality is only small entities will close and will be absorbed by the bigger companies that can afford to shift production to other countries and prices will go up because they can. The only reason why they produce locally is because of subsidies and illegal labor.
There is no economic incentive to pay a desirable wage domestically when you can exploit the workers of another country and make more money.
If it requires illegal labor now, it will be offshore if illegals(and “accidentally” the wrong color people) are deported.