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Joined 3 years ago
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Cake day: August 3rd, 2023

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  • Theyve been outsourcing it to continents that does things so cheaply, either due to poverty or currency manipulation, that it makes up for the costs of shipping.

    Increasing trade is convicing both blocs that its easier to buy and work with companies that are, for parts, so far away that the work day doesnt even overlap. Sure a common currency makes business dealings easier, but again, theres a reason we do ~75% of our trade with our neighbor. Also on that continent people outsource to the work day is a lot longer than 8 hours. I can message a manufacturer in China any time of my day and they will respond.

    Common currency would lead to more investment, from EU countrie, but i dont see that coming close to making up for the losses from increased trade barriers for all our other trading partners