In 2009, the conservative Heritage Foundation called the global-warming cap-andtrade bill being debated in the U.S. House a “jobs destroyer” and published an analysis claiming that the law, if passed, would increase unemployment by an average of 1 million jobs a year for the coming few decades.¹⁵
1. Based on the information presented in this chapter, would a global-warming law be likely to cause an economy-wide drop in the number of U.S. jobs? Why or why not?
2. Are U.S. workers in particular industries likely to lose their jobs partially as a result of the law? If the impact of the global-warming cap was comparable to past episodes of new regulations, about how many workers per year would be likely to face layoffs? How might the blow to these workers be cushioned?
3. Again, based on past experience, is it likely energy-intensive industries would start to migrate abroad in large numbers as a result of the global-warming law?
If not, what might keep them at home?

4. In the Heritage Foundation analysis, how do you think the authors get such big job-loss numbers? You have to guess at this one, because the answer is not in the text.