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.
It sounds a little counterintuitive, but yes. So should iPads and washing machines. If they cost more, Americans can make a decent living producing them, and therefore be able to afford increased costs. Parasitic globalism is why we get cheap goods and shit jobs.
Lumber is milled in the USA from timber grown in the US and Canada.
The assembly cost for a smart phone wold be an additional five dollars per unit of manufactured in the United States. Maybe less now. That cost estimate was based on the last Motorola phone assembled in the US in 2013. Chinese labor costs have been rising. The real trick is that all of the components manufacturers have moved to China. Bill Clinton Bush and Obama shipped all these companies overseas.
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.
Lumber should cost more?
It sounds a little counterintuitive, but yes. So should iPads and washing machines. If they cost more, Americans can make a decent living producing them, and therefore be able to afford increased costs. Parasitic globalism is why we get cheap goods and shit jobs.
Lumber is milled in the USA from timber grown in the US and Canada.
The assembly cost for a smart phone wold be an additional five dollars per unit of manufactured in the United States. Maybe less now. That cost estimate was based on the last Motorola phone assembled in the US in 2013. Chinese labor costs have been rising. The real trick is that all of the components manufacturers have moved to China. Bill Clinton Bush and Obama shipped all these companies overseas.