[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Utopian Visionaries Who Won’t Leave People Alone

No - no - no Ain'T going To get away with iT

Pete Buttplug's Butt Plugger Trying to Turn Kids into Faggots

Mark Levin: I'm sick and tired of these attacks

Questioning the Big Bang

James Webb Data Contradicts the Big Bang

Pssst! Don't tell the creationists, but scientists don't have a clue how life began

A fine romance: how humans and chimps just couldn't let go

Early humans had sex with chimps

O’Keefe dons bulletproof vest to extract undercover journalist from NGO camp.

Biblical Contradictions (Alleged)

Catholic Church Praising Lucifer

Raising the Knife

One Of The HARDEST Videos I Had To Make..

Houthi rebels' attack severely damages a Belize-flagged ship in key strait leading to the Red Sea (British Ship)

Chinese Illegal Alien. I'm here for the moneuy

Red Tides Plague Gulf Beaches

Tucker Carlson calls out Nikki Haley, Ben Shapiro, and every other person calling for war:

{Are there 7 Deadly Sins?} I’ve heard people refer to the “7 Deadly Sins,” but I haven’t been able to find that sort of list in Scripture.

Abomination of Desolation | THEORY, BIBLE STUDY

Bible Help

Libertysflame Database Updated

Crush EVERYONE with the Alien Gambit!

Vladimir Putin tells Tucker Carlson US should stop arming Ukraine to end war

Putin hints Moscow and Washington in back-channel talks in revealing Tucker Carlson interview

Trump accuses Fulton County DA Fani Willis of lying in court response to Roman's motion

Mandatory anti-white racism at Disney.

Iceland Volcano Erupts For Third Time In 2 Months, State Of Emergency Declared

Tucker Carlson Interview with Vladamir Putin

How will Ar Mageddon / WW III End?

What on EARTH is going on in Acts 16:11? New Discovery!

2023 Hottest in over 120 Million Years

2024 and beyond in prophecy

Questions

This Speech Just Broke the Internet

This AMAZING Math Formula Will Teach You About God!

The GOSPEL of the ALIENS | Fallen Angels | Giants | Anunnaki

The IMAGE of the BEAST Revealed (REV 13) - WARNING: Not for Everyone

WEF Calls for AI to Replace Voters: ‘Why Do We Need Elections?’

The OCCULT Burger king EXPOSED

PANERA BREAD Antichrist message EXPOSED

The OCCULT Cheesecake Factory EXPOSED

Satanist And Witches Encounter The Cross

History and Beliefs of the Waldensians

Rome’s Persecution of the Bible

Evolutionists, You’ve Been Caught Lying About Fossils

Raw Streets of NYC Migrant Crisis that they don't show on Tv

Meet DarkBERT - AI Model Trained On DARK WEB

[NEW!] Jaw-dropping 666 Discovery Utterly Proves the King James Bible is God's Preserved Word

ALERT!!! THE MOST IMPORTANT INFORMATION WILL SOON BE POSTED HERE


Status: Not Logged In; Sign In

United States News
See other United States News Articles

Title: Tariffs Aren't Saving Steel Towns
Source: Reason
URL Source: http://reason.com/blog/2018/05/24/tariffs-arent-saving-steel-towns
Published: May 24, 2018
Author: Eric Boehm
Post Date: 2018-05-25 05:31:49 by Deckard
Keywords: None
Views: 805
Comments: 6

And it's cruel to tell people that government policy can reverse the decline.

Thomas Robbin imageBROKER/Newscom

Halfway between Pittsburgh and Cleveland, Youngstown is the buckle on the Rust Belt.

It's a town that rose with America's steel and coal industries and, like so many other cities in that part of the country, began to fall from prominence when technology and cheaper foreign steel lessened demand for the American stuff. Donald Trump held a major rally in Youngstown during the summer of 2016, and returned there as president last summer for a victory tour. Blue collar hagiographies have been written about the days when the steel mills were running full tilt, and political journalists have safaried there in an attempt to understand the working class collapse and subsequent political uprising that's often credited with getting Trump to the White House.

If there is any place in America that stands to benefit from the Trump administration's decision to slap tariffs on steel and aluminum imports—a policy that will cause significant pain for millions of workers in thousands of other places—it should be towns like Youngstown. After all, Trump himself has proclaimed that "if you don't have steel, you don't have a country" as justification for the tariffs, which have been warmly welcomed by American steel manufacturers.

And yet, the tariffs are not turning things around in Youngstown. They're not turning things around in most of the other major steel-producing cities of America, either.

Data from the Bureau of Labor Statistics shows that employment in Youngstown is down 1.6 percent (a net loss of about 3,600 jobs) since March of last year. Across the 10 largest steel producing cities in America, hiring has been slow or nonexistent in the month following Trump's tariff announcement, The Wall Street Journal reported this week, citing both BLS and Brookings Institution data.

"While many of the cities had already been experiencing anemic employment growth before the tariff announcement, some saw their jobs numbers worsen after it," the Journal reports.

Even in steel towns that are growing—like Reading, Pennsylvania, and Canton, Ohio, both of which have seen modest employment growth in the past year—the uptick is smaller than across the U.S. economy as a whole, which has grown at a rate of about 1.5 percent since March 2017.

Trump's steel tariff has caused a spike in prices since early March, which means American steel manufacturers are charging more. Those higher costs get passed along to steel-consuming industries and, ultimately, to consumers.

The employment data suggests that steelmakers have either held off on hiring additional workers—perhaps because it takes time to bring additional supply on-line, or perhaps because they worry that the tariff-caused spike in prices won't last if the administration shifts trade policies again—or that those hires have not been significant enough to stop the decline of places like Youngstown.

It's unlikely that steel protectionism will produce booming job growth for another reason. Steelmaking is a relatively small part of the American economy. According to 2015 Census data, steel mills employed about 140,000 Americans and added about $36 billion to the economy that year. Meanwhile, steel-consuming industries (the ones suffering the most from Trump's tariffs) employed more than 6.5 million Americans and added $1 trillion to the economy.

Finally, Trump's tariff policy overlooks the fact that it was technology, not trade, that drove the decline of steel towns like Youngstown. According to a study published by the American Economic Review in 2015, the steel industry lost 75 percent of it's workforce between 1962 and 2005, even though the amount of steel produced by American mills actually increased during that period.

The population of Youngstown peaked at 170,000 in the 1930s. Today, fewer than 65,000 people live there. Tariffs won't reverse the economic and cultural trends driving that 80-year decline, but they will do a lot of damage to other industries that could help fill the gap. A projection released by the Trade Partnership, a Washington-based pro-trade think tank, says Trump's steel and aluminum tariffs will cause 146,000 net job losses—five jobs lost for every job gained.

"If protectionism could bring back neighborhoods, and nuclear families, and life-long employment, it'd be well worth discussing," Sen. Ben Sasse (R-Neb.) said Wednesday during a discussion of trade issues at the Heritage Foundation. "It is fundamentally cruel to lie to people and say 'by government policy, we're going to make your communities stable again.'" (1 image)

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: Deckard the actor poster (#0)

a policy that will cause significant pain for millions of workers in thousands of other places

Bullshit actor poster

A K A Stone  posted on  2018-05-25   6:48:26 ET  Reply   Trace   Private Reply  


#2. To: A K A Stone (#1)

And yet, the tariffs are not turning things around in Youngstown. They're not turning things around in most of the other major steel-producing cities of America, either.

“Truth is treason in the empire of lies.” - Ron Paul

Those who most loudly denounce Fake News are typically those most aggressively disseminating it.

Deckard  posted on  2018-05-25   7:32:46 ET  Reply   Trace   Private Reply  


#3. To: Deckard (#2) (Edited)

Actually there have been a lot of Steel hires check the news dude

A K A Stone  posted on  2018-05-25   7:37:36 ET  Reply   Trace   Private Reply  


#4. To: Deckard (#0)

And yet, the tariffs are not turning things around in Youngstown.

Trump suspended the tariffs on steel imports from our largest providers. So I would ask, what tariffs?

misterwhite  posted on  2018-05-25   11:19:54 ET  Reply   Trace   Private Reply  


#5. To: Deckard (#0)

For one America must protect American business from foreign actors who cheat the system. Tariffs are just one tool in this arsenal government has to use against those cheating the system to harm America.

Another problem is if all the jobs are in other countries who will have a job? Just those that have found a way to cheat back?

Justified  posted on  2018-05-25   16:57:10 ET  Reply   Trace   Private Reply  


#6. To: misterwhite (#4) (Edited)

So I would ask, what tariffs?

The ones that, along with the really yuuuge North Korean Nobel Prize winning chickens, didn't hatch?

VxH  posted on  2018-05-25   17:02:10 ET  (1 image) Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com