52:20
Contributor
Prices are probably going to get worse, and I think Trump is ok with that in an effort to create more jobs/opportunities here.Well I accepted that already, I knew Trump couldn't get grocery prices down overall. They were up for years, people bitched but got use to it. No one is lowering them. Just like during COVID, restaurants reduced portion sizes and increased prices by a lot.....did they ever reverse that? Nope. Never will.
Price gouging is real, as a lot of places admitted they raised prices over tariffs, but they did this before tariffs even took place and we're also seeing that tariffs were a win. So now they're just pocketing all that extra money I guess? We're just fucked with pricing.....things are better, but no company will give up their extra profit.
Vance had a great response to some lib talking about immigration and how allowing immigration and accepting that they make up a majority of the jobs that Americans don't want to do is a fallacy. American's don't want to do them at the rate a migrant will do them. Eliminating illegals in the work force will require work to be done at higher wages, those higher wages will increase costs and prices.
Tariffs will do somewhat the same. Give an opportunity for goods to be produced here, but it will come at a higher cost, and higher prices.
In the end, it will equal out with more opportunities and higher overall wages, but getting there will be a little hard.
What's going to really complicate that is the job loses through Ai. Big story in WSJ how entry level white collar jobs are basically gone. New college grads are having a hard time finding work. Hopefully that will quickly shift with people realizing that trades are the way to go. Perfect time to eliminate illegal immigration.