Your Money Minute Are Tariffs Putting People Out Of Work 10/2/25
Oct 2, 2025
This podcast dives into the impact of tariffs on employment. It highlights how companies often cut jobs to deal with the increased costs of tariffs instead of raising prices. Experts discuss how tariffs can act like taxes, ultimately squeezing profit margins and leading to layoffs. The conversation sheds light on the intricate relationship between trade policies and the labor market, providing a thought-provoking look at economic challenges.
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Tariffs Can Lead To Job Cuts
- Tariffs can squeeze companies' margins when firms avoid passing costs to consumers.
- Gary Cohn says firms then reduce labor costs to protect profits, weakening the labor market.
Watch Pricing Decisions For Layoff Risk
- Expect companies to prioritize margins by lowering labor expenses when tariffs raise input costs.
- Monitor firms' pricing decisions because inability to raise consumer prices may signal layoffs ahead.
Tariffs Function Like A Tax
- Ed Yardini frames tariffs as a tax that raises importers' costs.
- He warns firms unable to pass costs to consumers will cut profits and then employment.