10-14-2022, 10:08 AM
(10-14-2022, 09:50 AM)Alpha Wrote: I'm not any kind of Economist but much of this is related to NAFTA, no?
https://www.vanderbilt.edu/olli/class-ma...dNAFTA.pdf
No. Companies started moving overseas decades ago - before NAFTA. Most went to China and other parts of Asia not Mexico. Look where your clothing is made. Look where your towels are made. Decades ago towels were made in the US. North Carolina had a whole town where towels were made by Cannon Mills. Kannapolis was a huge towel and sheet manufacturing town. Cannon Mills shut down. The buildings sat vacant for years. They were eventually torn down. The land then became a massive bio research facility. The whole town was built around that mill. There were homes built for workers. A school, businesses, and churches. George Eastman did the same thing with Kodak in Rochester, NY. Lots of these factories were basically the entire town. That's why the areas became so economically depressed when they left. They relied on those factories to keep the town afloat. Same with Beech Nut and Amsterdam, NY and Remington and Ilion, NY. The list is endless.