Report Card for Donald Trump

[Warren Dew]

(01-09-2017, 09:09 AM)SomeGuy Wrote: Warren,

It was me, and the answer is, probably a mixture of both.  Given the labor force participation rate, and the regional disparities in job creation, there is probably more slack in the labor market than you think, and other inflationary pressures are so low in the economy right now that a modest rise in inflation wouldn't hurt.

There's certainly potential for the labor force to expand.  The fact that they're out of the market, though, suggests they're not desperate for $10/hour jobs, let alone $10/day jobs.

I really don't think there's much of a market for $200 dress shirts produced in US sweat shops, which is around where today's $40 dress shirts would be if sewn in the US.  And that has upstream repercussions for those nice automated cotton mills, if people don't buy cotton shirts any more.