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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: slacker711 who wrote (21195)	3/13/2002 5:12:31 PM
From: craig crawford	Read Replies (1) \| Respond to of 281500

>> If you wanted to save the jobs in any particular industry, tariffs would need to be set to allow the least efficient domestic producer to stay in business << tariffs don't need to be imposed to save every job in an industry. tariffs should make the playing field level. with a level playing field i'm sure we will be able to compete just fine. i simply do not believe almost 50,000 jobs in the last two years and nearly three dozen bankruptcies in the steel industry had anything to do with inefficiencies. i believe it is a result of protectionist policies on the part of our foreign competitors, who benefit from devaluing their currencies and who dump product below the cost of production in an attempt to try to export their way out of financial difficulties. >> This allows the more efficient produces (think Nucor) to raise prices....without raising wages. << if a company raises prices to drive up their profits, workers will demand a greater share of the profits. so i don't buy your argument that wages will not rise. >> The cost of the jobs is born by the general public....it ends up being an incredibally regressive tax. << tariffs oftentimes do result in higher prices for consumers. but they also should be implemented in conjunction with a lowering of income taxes--putting more money in the pockets of consumers so they can afford the higher prices. furthermore tariffs serve to strengthen wages giving people even more money to spend.