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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1086 |
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industries that relied on imported steel and might even cut more jobs that it would save. This claim was actually somewhat proven by a study done by the Consuming Industries Trade Action Coalition Foundation. This study consisted of a variety of price and employment statistics that produced the following results:
- “200,000 Americans lost their jobs to higher steel prices during 2002...
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These lost jobs represent approximately $4 billion in lost wages from February to November 2002.
- One out of four (50,000) of these job losses occurred in the metal manufacturing, machinery and equipment and transportation equipment and parts sector.
- More American workers lost their jobs in 2002 to higher steel prices than the total number employed by the U...
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