Adjustment assistance definition

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Adjustment assistance

Adjustment assistance logo #21015Government program to assist those workers and/or firms whose industry has declined, either due to competition from imports (trade adjustment assistance) or from other causes. Such programs usually have two (conflicting) goals: to lessen hardship for those affected, and to help them change their behavior -- what, how, or where they produce.
Found on http://www-personal.umich.edu/~alandear/glossary/a.html
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