Shouldnt they be worried about minimum wage too? Or does that magically not effect them?
What is the logic connecting tariffs and min wage ... beyond both possibly raising wages? Are all means to wage increases good? Do they all have similar negative consequences, at least in theory?
It raises the cost of goods.
Increasing costs is not necessarily a good thing. ummmmuuummmm, min wage will not affect mafrting wages. Arguably they will service industry products more expensive, but there's no support for increasing natl min wage. What a hamburger costs in SF ..... irrelevant to the national econ.
Tariffs will make our exports more expensive for others to buy and more expensive for us to consume imports. Those supporting tariffs seem to thing that the cost to US employer/workers who export will be outweighed by benefits to employers/workers in mfring.