Chuck Darwin on Nostr: Krugman: Grocery prices are a real flash point. Affluent Americans spend a relatively ...
Krugman: Grocery prices are a real flash point.
Affluent Americans spend a relatively small share of their budget on food, but less affluent spend a lot on food.
Most people have no idea—how does that stuff get to your table? What’s the process by which food gets grown and processed and sent to supermarkets?
People have very low information about all of this and they have no idea that what sounds like a good thing, Let’s get rid of these illegal immigrants and give the jobs to Americans
—well, it ain’t going to work that way or isn’t going to work smoothly.
And it’s going to be a pretty big shock to people’s cost of living and the way they live.
What we learned from this election is that lots of people have very low information about, first of all, what Trump was proposing, and secondly, what it means.
I’ve been seeing now repeated focus groups after the election with Trump voters who are shocked to find out that tariffs are taxes.
And they’ve been deliberately misinformed by Trump people. Vance keeps on saying that all the jobs are going to immigrants and if we can get rid of the immigrants, those will be more jobs for Americans.
That workforce isn’t there.
💥We have essentially full employment among native-born Americans.
There is no reserve of Americans to take these jobs, by and large jobs that native-born Americans would be very reluctant to take.
People have absolutely no idea
—a quorum of people who voted in this election have absolutely no idea of what’s coming down the pike.
#food #inflation #deportation
Affluent Americans spend a relatively small share of their budget on food, but less affluent spend a lot on food.
Most people have no idea—how does that stuff get to your table? What’s the process by which food gets grown and processed and sent to supermarkets?
People have very low information about all of this and they have no idea that what sounds like a good thing, Let’s get rid of these illegal immigrants and give the jobs to Americans
—well, it ain’t going to work that way or isn’t going to work smoothly.
And it’s going to be a pretty big shock to people’s cost of living and the way they live.
What we learned from this election is that lots of people have very low information about, first of all, what Trump was proposing, and secondly, what it means.
I’ve been seeing now repeated focus groups after the election with Trump voters who are shocked to find out that tariffs are taxes.
And they’ve been deliberately misinformed by Trump people. Vance keeps on saying that all the jobs are going to immigrants and if we can get rid of the immigrants, those will be more jobs for Americans.
That workforce isn’t there.
💥We have essentially full employment among native-born Americans.
There is no reserve of Americans to take these jobs, by and large jobs that native-born Americans would be very reluctant to take.
People have absolutely no idea
—a quorum of people who voted in this election have absolutely no idea of what’s coming down the pike.
#food #inflation #deportation