Source: Gatt
Government tariffs, subsidies and quotas protect jobs and incomes — but at a price to the American consumer. In fact, in some industries the yearly cost of saving a job through protectionism is much more than the jobs actually pay. Here are some examples:
INDUSTRY COST OF PROTECTION
(per job saved)
specialty steel……………………$1 million
color TVs…………………………$420,000
ceramic tiles……………………..$135,000
clothing………………………….$36,000-$82,000
agriculture……………………….$20,000 (per farmer)
dairy…………………………….$1,800 (per cow)
More Must-Reads from TIME
- Cybersecurity Experts Are Sounding the Alarm on DOGE
- Meet the 2025 Women of the Year
- The Harsh Truth About Disability Inclusion
- Why Do More Young Adults Have Cancer?
- Colman Domingo Leads With Radical Love
- How to Get Better at Doing Things Alone
- Michelle Zauner Stares Down the Darkness
Contact us at letters@time.com