Sugar is major employer in michigan

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Reference no: EM132234298

Sugar is a major employer in Michigan and in several other Midwestern states. The Dallas Fed’s Web site reported in 2002 that each job saved in the sugar industry cost American consumers $826,104. That page has since been taken down. The dollar amount today may be higher or lower, but the subsidies are still in place today. Should the American consumer be expected to pay such a high price to protect the sugar industry (sugar is important for the state of Michigan!)? Should the government place a limit on how many dollars per job consumers must pay in order to save a certain industry? If so, what should that limit be? If not, why not? Should certain industries be protected, regardless of the cost? Why or why not? Be sure to cite your sources.

Reference no: EM132234298

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