Losing access to cheap shirts means that you have to find new cheap shirts at a slightly higher price.
Losing access to sewing machines, means that you have to pay people to sew by hand, or find a way to make sewing machines on your own.
The latter raises the price of shirts more so than the former. And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
There's already a disconnect in terms of inflationary pressures felt by different socio-economic strata in the US and the data we hear bandied about (Core CPI). This will make it far worse. Keep in mind that it is precisely the constantly moderating influence of low-cost Chinese imports which has kept CPI in check over the past decade.
Suspect that if you're a family of 3 struggling on $24K/year, you'll be a bit less insouciant about the effects of such a currency devaluation than, say, the typical policy analyst.
Just a guess, of course, though knowing more than a few of the former, a more or less educated one. Fai de bèn a Bertrand, te lou rendra en cagant
