As a general trend is that more cost effective than simply taking wages "out
of competition" on an international scale? Or should global wage deflation
in goods with substantial international competition remain the norm for
another 40-50 years as firms relocate down the labor cost curve?
Ian
> >
> >So Brad, who should pay for this, the taxpayers or the firms
> that move their
> >plants?
> >
> >Ian
>
> Taxpayers in general.
>
> The European experience with charging firms for firing workers *may*
> have been counterproductive. I'd rather run a slightly more
> progressive tax system and put responsibility for TAA on general
> revenues...
>
>
> Brad DeLong
> -----Original Message-----
> From: [EMAIL PROTECTED]
> [mailto:[EMAIL PROTECTED]]On Behalf Of Brad De Long
> Sent: Monday, May 08, 2000 3:44 PM
> To: [EMAIL PROTECTED]
> Subject: [PEN-L:18654] Re: RE:Milliken
>
>
> >http://thomas.loc.gov/cgi-bin/query/D?c106:5:./temp/~c106uyCI0L:e76497:
> >
> >
> >SEC. 402. TRADE ADJUSTMENT ASSISTANCE FOR TEXTILE AND APPAREL WORKERS.
> >
> >Notwithstanding any other provision of law, workers in textile
> and apparel
> >firms who lose their jobs or are threatened with job loss as a result of
> >either (1) a decrease in the firm's sales or production; or (2) a firm's
> >plant or facility closure or relocation, shall be certified by
> the Secretary
> >of Labor as eligible to receive adjustment assistance at the
> same level of
> >benefits as workers certified under subchapter D of chapter 2 of
> title II of
> >the Trade Act of 1974 not later than 30 days after the date a
> petition for
> >certification is filed under such title II
> >=========
>
