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You are forgoing the tax revenue that would've been earned by the workers as well as any benefits that they claim. In Australia it was estimated that each auto
by throwawaythekey 8y ago
You are forgoing the tax revenue that would've been earned by the workers as well as any benefits that they claim.
In Australia it was estimated that each auto job produces 6 other jobs through network effects [1]. All up that number would be fairly substantial and likely enough to justify some subsidies/bailouts.
[1] - https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/Automotive_industry_2014/~/media/Committees/economics_ctte/Automotive_industry_2014/Interim_Report/d03a.pdf https://www.aph.gov.au/Parliamentary_Business/Committees/Sen...