In the US this week was published a new study on wages and import protection. This document prepared by Brian Blank, a Professor of Finance at the State University of Mississippi, entitled "Incentives for the Executive bodies, restrictions on imports and competition: an empirical analysis of antidumping and countervailing duties".
the study finds that import restrictions and higher salaries to management go hand in hand. The heads of the companies related to anti-dumping and countervailing requests to enter the duties, receive compensation in the form of cash and remuneration shares, on average, $ 1 million more than expected, even after controlling for performance and other characteristics. It is on average 17 percent higher than when the trade restrictions were not.
According to Forbes, more than half (53%) of all antidumping and countervailing duties in the United States falls on the steel industry.
In a period of strong expansion and hiring in the overall U.S. economy, the BLS data show that employment growth in the steel and consumer sectors actually slowed after the imposition of tariffs on steel in March 2018, compared with the 12 months to the President trump, who announced their actions for reasons of "national security." Meanwhile, jobs growth in the broader manufacturing sector has accelerated.
According to the statistics of the American iron and steel Institute, the industrial potential of the steel rolling mills have reached and surpassed the goal of 80%.
with the emergence of signs of slowing economic growth the U.S. economy will need to accelerate.
"the Single biggest stimulus package that President trump could sign right now would be a bill that eliminates all tariffs on steel and aluminum. They have not worked as promised. Their elimination can prevent to pay compensation to the Director General the steel industry, but will be welcomed by American manufacturers," - says Forbes< / span>.
