Global Economy

Trade and training the American Workforce: Enhancing on-the-job worker training

The future of American innovation, growth, and prosperity depends on a highly-skilled, well-trained workforce. Most of tomorrow’s workers are already on the job—enhancing and updating their skills to compete in the high-tech global market place is key to sustaining American competitiveness. Key Findings: Worker skills are key to economic opportunity and competitiveness for the U.S. […]

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U.S. tariffs on anvils: 6% in 1947, duty-free in 2013.

Here are four sets of tariff rates applied to products under the consumer-products giant Acme Corporation brand, used in support of four representative Wile E. Coyote schemes, comparing rates in force in 1947 – that is, just as the “Coyote & Roadrunner” series launched, and also just as President Truman’s first post-war tariff agreement (the original GATT agreement) neared its conclusion – with those of today. In general, the figures show that tariffs (1) fell sharply over the 1947-1997 liberalization period; (2) fell especially steeply for heavy manufactured goods like the Self-Guided Aerial Bomb, the large rotary fan, and the industrial magnet; (3) and remain in place, if at lower levels, for farm products like the casein glue and the birdseed. The trends in these specialized products reflect larger structural realities reasonably well.

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