quality of its goods with a smaller number of workers at a lower cost. As a result of this technology, other U.S.

firms in this industry will lose money and will also have to lay off workers—and some of the competing firms

will even go bankrupt. Should the United States government protect the existing firms and their employees by

making it illegal for Technotron to use its new technology? Most people who live in market-oriented economies

would oppose trying to block better products that lower the cost of services. Certainly, there is a case for

society providing temporary support and assistance for those who find themselves without work. Many would

argue for government support of programs that encourage retraining and acquiring additional skills.
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