The Hurdle Rate Podcast Episode 3 - Negotiating with Penguins
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Apr 9, 2025 Explore the amusing complexities of recent tariff announcements and their global implications. Discover how AI and offshoring are reshaping the U.S. labor market, and why reskilling is crucial for job seekers. Delve into the discussions around Universal Basic Income and Bitcoin's resilience amid market chaos. The conversation emphasizes the importance of innovation and adaptability as we approach a future shaped by rapid technological disruption.
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Tariffs as Long-Term Strategy
- Tariffs tied to deficits aim to bring manufacturing back to the US before AI makes labor costs negligible.
- This strategy could preemptively mitigate job displacement caused by AI by rebuilding domestic manufacturing.
Tariffs Shock Then Incentives
- Initial tariff shock likely leads to incentives and deals to rebuild US manufacturing.
- Tight timelines caused market volatility, but may result in clearer long-term paths.
US-China Trade War Impact
- Trade war with China reflects a strategic battle to reclaim manufacturing and address deficits.
- This may weaken the dollar's reserve currency status, accelerating Bitcoin's rise.