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.
I just can’t wait for the Reeeeeing from the land of castros bastard son. Especially as much as they hated trump now they get this instead....
Gonna laugh if the next housing crisis cascades out of leafland.