Economist Argues Tariffs Could Benefit American Workers Despite Instability

Oren Cass, writing in a recent op-ed, presents a compelling case for the use of tariffs as a tool to bolster the American workforce. His argument centers on the idea that while tariffs may introduce short-term economic instability, the long-term benefits of protecting domestic industries outweigh the risks.

Cass contends that decades of free trade policies have eroded American manufacturing and contributed to wage stagnation for many workers. By imposing tariffs on imported goods, he argues, the government can create a more level playing field for American companies. This, in turn, would incentivize businesses to invest in domestic production and hire more American workers.

"The goal is not to punish foreign countries, but to create an environment where American businesses can thrive and American workers can command higher wages," Cass writes. He acknowledges that tariffs could lead to higher prices for consumers and potential retaliation from other countries, but he believes these costs are worth bearing if they lead to a stronger and more secure American economy.

However, Cass's argument is not without its critics. Many economists argue that tariffs ultimately harm consumers by raising prices and limiting choices. They also point out that tariffs can disrupt global supply chains and lead to trade wars, which can have negative consequences for all countries involved.

The debate over tariffs is likely to continue as policymakers grapple with the challenges of globalization and the need to protect American workers. Cass's argument provides a valuable perspective on the potential benefits of tariffs, but it is important to weigh these benefits against the potential risks before implementing such policies.