Civilized said:
Cthepack said:
Civilized said:
Cthepack said:
hokiewolf said:
Cthepack said:
hokiewolf said:
Cthepack said:
hokiewolf said:
Cthepack said:
hokiewolf said:
Cthepack said:
hokiewolf said:
caryking said:
hokiewolf said:
El Lobo Loco said:
hokiewolf said:
Sweet, beautiful tariffs, helping Johnny Paycheck, and NASCAR!
"In the latest blow, the 100-year-old clock manufacturer that produced the iconic NASCAR Martinsville grandfather clock announced that it'd be shutting down - in part due to Trump's tariffs. "A convergence of market influences beyond our control brought us to this point," President and CEO Howard J. Miller said in an official statement.
Since 1964, Martinsville Speedway - one of the oldest tracks still featured on the NASCAR schedule - has gifted the Cup Series race winner a grandfather clock shortly after they coasted down victory lane. Fred Lorenzen first received the unique accolade that year, during which he led a whopping 980 out of 1,000 total laps over the two races held at the 'paperclip.'"
We are protecting American jobs with protectionist tariffs!
Long-standing NASCAR tradition in danger due to Donald Trump's tariffs
Nobody needs clocks anymore. All that is on your phone.
They need jobs though
Ok, I had to come out of retirement for this one…
Hokie, you've never shown one bit of concern for the American worker. That comment (in bold) is extremely shallow and purely opportunistic. You can do better! I'm out again…
no, I don't think the cure for the American worker is $15/hr factory jobs.
Average manufacturings job is significantly higher than $15/hr. But you know this, you use to say $18/hr. I have tried to educate you on this but you continue to be obtuse.
We are in the 3rd quarter is inflation hitting now?
sure, let's do $18/hr. You can make $30/hr with benefits at Costco. You can make $25/hr easy in construction with overtime.
There are thousands of unfilled service jobs that pay more and provide better opportunity, I've also tried to educate you folks on that too, and tariffs hurt those better paying jobs to a higher degree than they provide jobs in manufacturing.
Construction projects have increased costs of 4-6% in the 3rd quarter so yes, it's happening now.
Demand does dictate pricing, except when you manipulate the market to artificially increase pricing. Tariffs do that plus drive down demand. Pretty neat trick.
The average service job in the USA is between $14 and $22 per hour. Average manufacturing job in the USA is $28 per hour.
Where did you get the inflation cost for construction. Significantly higher than the average US cost increase
because I work in the industry
Well July is at 1.1% for USA construction . Not 4 to 6%.
Ok man. 25 years in the Construction industry, I get tariff related price increases weekly, I know w t f I'm talking about.
It was a simple search. I am sure you have never made up any numbers on the interwebs, so I believe you are seeing a higher increase.
If I am a supplier of yours, I am asking you for a price increase. You are very clear that the tariffs will go directly to the consumer.
yeah, I'm not going to absorb it and neither is anyone else. Every single commodity based and electronics based product that goes into a construction project continues to increase costs monthly at a higher rate than inflation
What do you mean "not absorb it"? You have been very consistent that prices will go up due to the tariffs. Does this mean in real life you are not accepting the price increases?
So what exactly are you saying?
That magically Trump tariffs have not and will not increase prices, despite having many decades of tariff examples domestically and internationally the illustrate clearly that tariffs do exactly that?
It is simple. What I am saying is that price is not driven by cost. The market drives price. Tariffs increase cost.
Lazy companies will pass on cost, great companies understand the market, protect their customers, and reduce cost. In order to keep their margins.
Says who? You? LOL
Where is the evidence to support this novel theory of yours?
You act like Trump discovered tariffs and the world hasn't ever seen them before and we all just need to sit around guessing what's going to happen.
There are many decades of empirical evidence that tariffs increase prices.
Go find some good examples of countries levying significant tariffs and prices NOT increasing. Let's start there.
Let me start with the last couple of months for me.
This week I was at a client outside Chicago that had me in to reduce the cost on hydraulic equipment so they do not have to raise prices. Lots of this equipment is used in construction.
The week before, I was in Italy working for a client, reducing their costs so they can keep their margins without increasing prices.
The week before in Sweden doing the same thing for a similar company.
Since May I have worked with two clients in Canada doing the same thing.
I consider these good companies as they are keeping their prices the same.
Not sure it will click with you, but 90% of all CEOs believe they are in the top 10% of all CEOs. Lots of lazy companies.