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> they'll build up a local economy until it's too expensive, and then move on to the next desperate area. Wait, uh, why is this a bad thing? Isn't that what w
by pm90 10y ago
> they'll build up a local economy until it's too expensive, and then move on to the next desperate area.
Wait, uh, why is this a bad thing? Isn't that what we want, to build up a local economy, to build up local capital which if the local populace invests wisely would allow their labor force to be eligible for more skilled jobs etc.
- accountyaccount 10y agoThe economy collapses when they leave. The clothing industry is basically creating a bunch of short-term Detroits.
- blackoil 10y agoSo, the industry will move back because collapsed economy has driven down costs? I think more likely is that more complex manufacturing will come in as infrastructure and skill set is more in place. Also improved economy leads to better education, supporting service industry. Clothing industry may have left India and China, but both are better off now.
- accountyaccount 10y agoI'm not talking theoretical, this has actually happened. The industry moved out of Southern China shifting some communities back to the poverty they were climbing out of. Where did the factories go? Bangladesh, where workers cost less and are abused more.
- throwaway32189 10y ago... and they often bring back their exploitative practices back after gutting the unions. http://www.msn.com/en-us/money/markets/inside-alabamas-auto-jobs-boom-low-wages-little-training-crushed-limbs/ar-BByCt0v http://www.msn.com/en-us/money/markets/inside-alabamas-auto-...