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2018-08-29 Economy
Aluminum Mill to Bring 550 Jobs Back to Kentucky Town Crippled by Free Trade
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Posted by Besoeker 2018-08-29 05:29|| E-Mail|| Front Page|| [6507 views ]  Top

#1 Let's export unemployment.
Posted by Procopius2k 2018-08-29 06:26||   2018-08-29 06:26|| Front Page Top

#2 Even Ricardo said free trade can only work equally where the public are also treated like goods and can follow production abroad, which he added was an unlikely assumption.

Much better to set a general across the board tariff based on cost of living differences (of course lowering the cost of living is also good as well, not just for being able to lower the tariffs and as the foreign economy improves and thus rents rise the tariffs can drop, as jobs will not be exported purely for lower rent reasons).
Posted by Bright Pebbles 2018-08-29 07:07||   2018-08-29 07:07|| Front Page Top

#3 Trump's policy probably is important here but also,

-Russia, which is a huge producer of aluminum has had to reduce subsidies to their state owned company

- Australia, which is also a huge producer has had some increasing energy costs which really hurt aluminum production (the energy cost increase is partly because of 'green energy' subsidies.
Posted by lord garth 2018-08-29 09:41||   2018-08-29 09:41|| Front Page Top

#4 Been to Ashland many times. It wasn't free trade that crippled Ashland, KY. It was more like crony globalism and pay for play.
Posted by JohnQC 2018-08-29 12:03||   2018-08-29 12:03|| Front Page Top

#5 550 jobs subsidized by taxes on the rest of us. Like all government jobs programs, an exercise in economic malpractice.
Posted by Iblis 2018-08-29 17:57||   2018-08-29 17:57|| Front Page Top

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