Federal Reserve Report: Tariffs Imposed by Trade War May Cause a 1% Drop in Overall Wages

Fed releases "US-China Trade War Report in 2025":

Raising tariffs can boost employment in the US manufacturing industry, but at the cost of a decrease in employment in the service and agricultural sectors... Overall, real wages will decrease, and it is expected to fall by about 1% by 2028... Lower wages will affect labor market participation rates, leading to a decline in overall employment ⬇️

Original article: https://www.toutiao.com/article/1832028432907276/

Disclaimer: The article only represents the author's personal opinions.