• psvrh@lemmy.ca
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      6 days ago

      No less than The Economist uses the BMI (“Big Mac Index”) to compare economies.

    • rottingleaf@lemmy.world
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      6 days ago

      I like how this has “Murrkans dumb” vibes, but this picture is intellectually far better than what average Russian thinks about economy.

      That said, 6+ bigmacs for an hour of minimum wage sounds very good. Actually it sounds like some heaven on earth.

      • ZeffSyde@lemmy.world
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        6 days ago

        ‘Heaven is a place in Earth’ was, in fact, released in 1987 by Belinda Carlisle.

        Fueled by cheap Big Mac’s, no doubt, though the song neglects to mention them.

  • Duamerthrax@lemmy.world
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    6 days ago

    Good work Gamers. Your hardware will be more expensive, but at least Biden won’t be suggesting a non-enforceable DEI directive at the HR of those game studios.

  • ✺roguetrick✺@lemmy.world
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    7 days ago

    I’m actually really excited about the smuggling opportunities such a high tariff presents. It’s a real job creator. It’s been a long time since we’ve had major smuggling operations on the great lakes. Will be a big boom for Chicago too, since that’s the point where the smuggled goods get put on trains. Maybe even get the outfit back together.

    • mlg@lemmy.world
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      6 days ago

      Al Capone watching his successors continue his legacy by smuggling PS5s and pirating games lol

  • auzy@lemmy.world
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    Apparently Google searches for “what is a tariff” skyrocketed after Trump won

    Also “can I change my vote”

    There are already quite a few regrets it seems, and the right wing are gonna learn how tariffs actually work real soon

    I’m guessing the money they raise will also be used to help fund tax cuts for high income

  • Showroom7561@lemmy.ca
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    7 days ago

    From this article

    But in the case of the hefty tariffs that Trump put on China during his first term, economic studies found that most of those costs were passed on to American consumers.

    Economists believe this could happen again. One study by the Peterson Institute for International Economics, for example, calculated that Trump’s current tariff plans would increase costs for a typical American household by $2,600 a year.

    Paying more for everything to own the libs! 🤡

      • greedytacothief@lemmy.world
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        6 days ago

        I’m not sure it’s a safe bet. Only if the tariffs last longer than 4 years. Building new factories takes a couple years, then you need to break even all within 4 years? Just seems risky to me

      • Unlikely. In the age of globalism, it’s much more likely that manufacturing will leave the US to dodge counter-tariffs. The combined markets of Europe and Asia is for most products larger than the US market, and that trend is only likely to increase in the future as Asia develops. Manufacturers know making stuff in Asia is just cheaper, and that American consumers are more likely to go into debt to buy stuff than other consumers. They also know that these tariffs are unlikely to last for long, because if the US takes the expected economic hit here then it becomes less likely that Trump/the GOP remains in control (eg midterms flip control back to the democrats).

        Not much reason to move factories to the US, which is wildly expensive, when taking the hit and waiting it out is ultimately most likely cheaper.

      • Sweetpeaches69@lemmy.world
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        6 days ago

        It’s just a stupid way of doing it. Companies should be getting other incentives to bring manufacturing home. The middle and lower class shouldn’t burn for that to happen.

  • Sam_Bass@lemmy.world
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    6 days ago

    look closer at everything you own. 99.9% of it will be 40% more expensive if you have to buy it again

  • vordalack@lemm.ee
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    7 days ago

    Good, gaming is for chud man children and incels.

    Turns on Switch and looks at latest sales for jRPGs

    Really nothing but anime fans lusting after booba.

    Puts Unicorn Overlord in cart