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It wasn't always this way. Walmart used to proudly display banners with 'Made in America' on them. But as companies county, the poor and then the middle class
by themaninthedark 5y ago
It wasn't always this way. Walmart used to proudly display banners with 'Made in America' on them.
But as companies county, the poor and then the middle class downsized as well.
Companies left looking to lower costs, the public was wooed with lower prices and the idea that you could get more now and the politicians made promises that the affected sectors would be retrained, first we would have a service economy then it became knowledge workers.
It turns out that the service economy is fickle and doesn't pay well for the most part. Not everyone can be a knowledge worker and that is not outsource proof either.
Now we are in a trap where companies can not return because they would have to raise their prices and reduce profits and the people who used to work for them can't afford to buy their products now.