Torn on this. It's dangerous work, and inflation adjusted wages have been stagnant for 30 years. Lumber should cost more, though it's currently a bit of a commodity bubble. Sustained higher prices should put pressure on upward wages.
However, I don't think for a moment the Biden admin is doing this for the lumber industry. If anything, I expect there to be increased regulatory overhead for the industry, which will line the pockets of compliance officers and lawyers, while also levitating housing prices (equity) to help stave off economic collapse.
Tariffs are pretty great, when you don't regulate their benefit into oblivion.
Torn on this. It's dangerous work, and inflation adjusted wages have been stagnant for 30 years. Lumber should cost more, though it's currently a bit of a commodity bubble. Sustained higher prices should put pressure on upward wages.
However, I don't think for a moment the Biden admin is doing this for the lumber industry. If anything, I expect there to be increased regulatory overhead for the industry, which will line the pockets of compliance officers and lawyers, while also levitating housing prices (equity) to help stave off economic collapse.
Tariffs are pretty great, when you don't regulate their benefit into oblivion.
The boss doesnt pay more because profits are higher.
No, but the boss does pay more to incentivize an expanded workforce, when it's profitable. Same shit is going on with hazmat drivers.