Mark Blyth

Yeah, I think you are. I think you've got both of them right there. I mean, let's take the Trump one and take it seriously, right? If you throw out every migrant in America, which would include me because I'm one of them, would you have less workers? Hell yeah, right?

Yeah, I think you are. I think you've got both of them right there. I mean, let's take the Trump one and take it seriously, right? If you throw out every migrant in America, which would include me because I'm one of them, would you have less workers? Hell yeah, right?

Yeah, I think you are. I think you've got both of them right there. I mean, let's take the Trump one and take it seriously, right? If you throw out every migrant in America, which would include me because I'm one of them, would you have less workers? Hell yeah, right?

But then you've got a big problem, because a lot of the people that you've got there who are the people you want to throw out are the ones that put food on the table, because they literally work on farms. None of us do that anymore. So I don't know how you're actually going to get the 40-year-old people who are out of work in some part of the United States to become agricultural workers.

But then you've got a big problem, because a lot of the people that you've got there who are the people you want to throw out are the ones that put food on the table, because they literally work on farms. None of us do that anymore. So I don't know how you're actually going to get the 40-year-old people who are out of work in some part of the United States to become agricultural workers.

But then you've got a big problem, because a lot of the people that you've got there who are the people you want to throw out are the ones that put food on the table, because they literally work on farms. None of us do that anymore. So I don't know how you're actually going to get the 40-year-old people who are out of work in some part of the United States to become agricultural workers.

There's a huge labor supply-demand mismatch in this idea. But let's suppose you could do that, and you can get everybody out, and then there's less workers, and that means employers have to pay more. How are employers going to pay for that?

There's a huge labor supply-demand mismatch in this idea. But let's suppose you could do that, and you can get everybody out, and then there's less workers, and that means employers have to pay more. How are employers going to pay for that?

There's a huge labor supply-demand mismatch in this idea. But let's suppose you could do that, and you can get everybody out, and then there's less workers, and that means employers have to pay more. How are employers going to pay for that?

Well, either they're really clever and they can increase productivity to pay for the wages, or they'll just push on the prices to everybody else who are the workers. Right, right. I mean, it doesn't come from nowhere, right?

Well, either they're really clever and they can increase productivity to pay for the wages, or they'll just push on the prices to everybody else who are the workers. Right, right. I mean, it doesn't come from nowhere, right?

Well, either they're really clever and they can increase productivity to pay for the wages, or they'll just push on the prices to everybody else who are the workers. Right, right. I mean, it doesn't come from nowhere, right?

That's right. And unless they have a magic avocado picker, which would automate the process and increase productivity, then they're going to have to push that on in prices. But if they did have that, that would lead to unemployment, right? Right. Right. Now, do the same with the tariffs, right? I'm going to put up 100% tariff against China. Everything in Walmart is made in China. Right.

That's right. And unless they have a magic avocado picker, which would automate the process and increase productivity, then they're going to have to push that on in prices. But if they did have that, that would lead to unemployment, right? Right. Right. Now, do the same with the tariffs, right? I'm going to put up 100% tariff against China. Everything in Walmart is made in China. Right.

That's right. And unless they have a magic avocado picker, which would automate the process and increase productivity, then they're going to have to push that on in prices. But if they did have that, that would lead to unemployment, right? Right. Right. Now, do the same with the tariffs, right? I'm going to put up 100% tariff against China. Everything in Walmart is made in China. Right.

So everything in Walmart now doubled in price. All those workers that you just gave a pay rise, they're getting it both from domestic costs and from international costs.

So everything in Walmart now doubled in price. All those workers that you just gave a pay rise, they're getting it both from domestic costs and from international costs.

So everything in Walmart now doubled in price. All those workers that you just gave a pay rise, they're getting it both from domestic costs and from international costs.

Now, there's a better argument for it which goes like this. And again, it's the productivity thing, right? If I put up tariffs, what I'm doing is two things. I'm advantaging American goods over foreign goods. So Walmart can stock American goods. Well, the problem is we don't make enough of the stuff that we actually consume. That would be an incentive for American firms to do a lot more, right?

Now, there's a better argument for it which goes like this. And again, it's the productivity thing, right? If I put up tariffs, what I'm doing is two things. I'm advantaging American goods over foreign goods. So Walmart can stock American goods. Well, the problem is we don't make enough of the stuff that we actually consume. That would be an incentive for American firms to do a lot more, right?