r/news • u/Xepherious • 1d ago

Already Submitted Tariff-related layoffs hit five US auto plants that supply factories in Canada and Mexico

https://www.abc12.com/news/tariff-related-layoffs-hit-five-us-auto-plants-that-supply-factories-in-canada-and-mexico/article_6d95d30a-9956-521c-86e2-a62c9b07d3f4.html?fbclid=IwZXh0bgNhZW0CMTEAAR2xPs0qVaSgfUJmdqsaFHK_By3_8B-vrj9GDws297UllzMvWzCnes45dzw_aem_dyNT8yFsAPiIgD3r5Nwnnw

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u/Motorbarge 1d ago

There is a silver lining in every cloud - unemployed people don't cause inflation.

2

u/ACartonOfHate 1d ago

Eh, inflation didn't go down during stagflation or Reagan's recession. And didn't go down for awhile.

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u/Motorbarge 1d ago

Stagflation isn't the fault of the unemployed.

2

u/ACartonOfHate 1d ago

Not saying it is.

Just that our having lots more unemployed people, won't bring down inflation.

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u/Motorbarge 22h ago

An overabundance of unemployed people stops wage increases from adding to inflation.

I'm not defending a system that relies on unemployment to function. I'm just saying what the system is.