Technology has increase the yield for trawlers used to catch Cod in New England. As the supply of cod diminished, new technologies were used locate the remaining Cod. In order to replenish the supply of cod, it is necessary to limit the amount of Cod available to the fishing fleet. That creates financial problems for the fishing industry. There will be less revenue available to support the ship owners, and many fishermen will lose their jobs. Consequently, the fishing industry is resisting efforts to replenish the supply of Cod. They would rather deal with the extinction of the Cod supply at a later date, than take the steps today that are necessary to preserve the Cod industry.
The Scallop industry is thriving today in New England because the industry was forced to accept short term limitations on Scallop fishing. They had strongly resisted efforts to replenish the Scallop supply when they were initiated.
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