Business owners understand that the key to prosperity is to reduce costs and deliver more goods to the customer. Wage workers, however, often want higher prices in order to "protect" their jobs.
Profit-oriented business organizations that demand political conformity in the workplace are mimicking government agencies, and we must turn to Mises's book Bureaucracy for guidance.
With tariffs, favored industries receive more and the entrepreneurs receive less, lowering their profits and making them less likely to take future risks.
There is only one way that leads to an improvement of the standard of living for the wage-earning masses: an increase in the amount of capital invested.
