Protecting automobile manufacturers from international competition is often about protecting the 26,000 or so jobs involved in automobile production. If the cost to consumers of this competition...


Protecting automobile manufacturers from<br>international competition is often about protecting<br>the 26,000 or so jobs involved in automobile<br>production. If the cost to consumers of this<br>competition protection scheme is quite a bit higher<br>than the value of the workers (measured by their<br>wages) why would such a policy be enacted? What<br>could be done to compensate these workers from<br>lost jobs due to international competition?<br>

Extracted text: Protecting automobile manufacturers from international competition is often about protecting the 26,000 or so jobs involved in automobile production. If the cost to consumers of this competition protection scheme is quite a bit higher than the value of the workers (measured by their wages) why would such a policy be enacted? What could be done to compensate these workers from lost jobs due to international competition?

Jun 10, 2022
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