Goldman Sachs sought out academic studies on how tariffs impact:
- The broader statistical evidence points to negative net employment effects.
- While the range of estimates is wide, academic studies generally find that a 1Opp increase in tariff rates raises employment in protected industries by 0.2-0.4% but that each 1pp increase in tariff-driven costs lowers employment by 0.3-0.6%.
- Scaling these estimates to the US economy imply a boost of just under 100k to manufacturing employment from tariff protection but a roughly 500k drag on downstream employment from input cost pressures.
Bolding is mine. Manufacturing jobs added, around +100K, but the wider impact is negative, 500K of job losses.
This article was written by Eamonn Sheridan at www.forexlive.com.
#Goldman #Sachs #wary #500K #job #losses #due #tariffs #Forexlive
Goldman Sachs tariff job losses
latest news today, news today, breaking news, latest news today, english news, internet news, top news, oxbig, oxbig news, oxbig news network, oxbig news today, news by oxbig, oxbig media, oxbig network, oxbig news media
HINDI NEWS
News Source
