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PaperclipPerfector  25d ago (text post)   2848 thread views

Small-Scale Question Sunday for October 27, 2024

Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?

This is your opportunity to ask questions. No question too simple or too silly.

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Actually, even increasing competition of lower class jobs will increase middle class wages

Except that in practice the middle class cares about purchasing power, not paper wages.

I am alleging that this will increase purchasing power.

For overall purchasing power, it might go either way. But what I can say for certain is that it will significantly reduce purchasing power of cheap consumer goods, the kind of crap you buy from Shein, Temu and AliExpress. Stuff that will never ever be made again in the US.

And if you look around the house of a lower middle class person, it's often really all they have.

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