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4b.Why are they hurting? Why is median household income so low? Well, in the small town I grew up in, cheap imports and exported labor coupled with automation
by ameister14 10y ago
4b.Why are they hurting? Why is median household income so low?
Well, in the small town I grew up in, cheap imports and exported labor coupled with automation killed the main sources of jobs. Retraining is incredibly hard and requires a willingness to uproot everything and risk it all as well as the ability to not get paid for a while to move forward.
- deleted 10y ago[deleted]
- evilduck 10y agoUprooting is harder than it seems too. House and property valuations plummet shortly after the company propping up a "company town" departs. Finding a potential home buyer in a dying town becomes quite difficult, for adults, leaving becomes equivalent to walking away from everything, including a mortgage.