Alexander Salter’s Post

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Georgie G. Snyder Professor | Rawls College of Business, Texas Tech University

Can tariffs increase American employment? It's theoretically possible, but the substitution and scale effects almost certainly reduce US firms' labor demand. Using trade restrictions to bolster labor markets is a bad strategy. "This isn’t the last word on protectionism, of course. We need to consider a host of related economic and political goals, including national security. Nevertheless, it’s revealing that this limited analysis shows that the argument for tariffs stumbles at the first hurdle. If even manufacturing workers are hurt, how much worse will things be for ordinary families, international competitiveness, and economic resilience?" From my National Review CapitalMatters commentary article, "Tariffs' False Promise." https://lnkd.in/eD9GMKdN

Tariffs’ False Promise

Tariffs’ False Promise

https://www.nationalreview.com

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