Economics of a strike: Univ. of Oregon professor weighs in on impact of “National Shutdown” protest скачать в хорошем качестве

Economics of a strike: Univ. of Oregon professor weighs in on impact of “National Shutdown” protest

Dozens of Portland businesses participated in Friday's nationwide general strike, as well as hundreds of students in the Portland School District. The call for "no work, no school, no shopping” nationwide is meant as a stance against the Trump administration’s immigration crackdown. Those participating in the strike say they don't believe it will have a huge economic impact but they do hope it will raise awareness about the issue. Benjamin Hansen, the Department Head of Economics at the University of Oregon, says one day general strikes generally do not have widespread economic impacts, like what you would see with a sustained strike that targets a specific industry. He tells KATU News reporter Christina Giardinelli that the general strike impacts resemble what would happen during an extreme weather event. "What generally happens is there is a decrease in how much people work when there is an extreme weather event and that translates to lower consumer spending and a short term decrease in sales taxes or business revenues and there is some evidence that if it is announced ahead of time people will do some precautionary spending. Over the days that follow effective economic activity returns to what it was," he said. You can watch the full interview with Hansen in this video. READ MORE: https://katu.com/news/local/students-... _______________ Stay up to date with our social media: KATU on Facebook:   / katunews   KATU on Twitter:   / katunews   Subscribe to KATU on YouTube:    / @katunews   Daily News Playlist:    • KATU Daily News Playlist   For more information, visit https://katu.com/ Have a news tip? Send it directly to us: Email us: newstips@katu.com Call the Newsroom: 503.231.4222 KATU is a OR based station and a ABC Television affiliate owned and operated by Sinclair Broadcast Group. Sinclair Broadcast Group, Inc. is one of the largest and most diversified television broadcasting companies in the country today. #nationalshutdown #strike #protest #economics #universityoforegon #uo #KATU #Katu2abc #Portland #Oregon #localnews #oregonnews