Retirees 'stunned' as market turmoil over tariffs shrinks their 401(k)s
Retirees 'stunned' as market turmoil over tariffs shrinks their 401(k)s
www.nbcnews.com
Retirees 'stunned' as market turmoil over tariffs shrinks their 401(k)s
217 comments
-
It's ok everyone they will all be a lot better off once manufacturing comes back to the US, they can make up the difference by working in a local sweatshop.
-
Didn't you hear? Vance is saying that manufacturing is never coming back to the US.
So even working in a sweatshop won't be an option. Well, I guess until we're colonized.
-
Suppose it does come back, who is going to buy it ?
-
Once wages undercut China, they can sell stuff to the Chinese.
-
They don't want that crap though, nobody does. Who are they going to sell crap to, nobody wants it.
-
But we don't have any manufacturing capabilities
-
And even if we did, the Dipshit put tariffs on the raw materials any factories would need to actually make stuff. He literally made shit more expensive to make here.
-
-
-
What gets me is that these morons think domestically manufactured products will somehow be cheaper that their imported counterparts. The entire reason we've come to rely on imports is because they're cheaper than the domestic variant, almost entirely because American corporations are notoriously greedy shitbags. It's ridiculous to think that since imports are going to cost significantly more that American corps are going to suddenly find a conscience and charge anything remotely resembling a reasonable price for their goods/services. Even with possible breakthroughs in automation and "AI" (lol), the owner class is guaranteed to use that to enrich themselves at the cost of the rest of us.
-
-
-
The elderly yearn for the assembly lines.
-
Yeah, just hold on and wait for those low paying, low skilled manufacturing jobs that no one really wants to work, and that we don't have logistics in place to support.
Then you can make minimum wage working 12 hour shifts with no pension and a 401k that will flatline right before you can retire.
When you die next to the assembly line they'll cover your face with a red MAGA hat right before they wheel you to the Soylent green processing facility
-
Even that chucklefuck billionaire was talking about how it will be all robots - openly. Meaning, I don't know how many sweatshop jobs will be on offer 5, 10, 15 years or whatever it takes to build that kind of infrastructure here...
https://www.axios.com/2025/04/03/tech-jobs-robots-lutnick-manufacturing-renaissance
-
217 comments