4 ms·
Ok but didn't Detroit like... collapse? Not every city is an economic monoculture of an industry that was offshored.
by hiptobecubic 4y ago
Ok but didn't Detroit like... collapse? Not every city is an economic monoculture of an industry that was offshored.
- smt88 4y agoA lot of smaller cities are close enough to monocultures. If Disney pulled out of Orlando, for example, the housing market would implode. Even if only 10% of the jobs are taken by a single company or industry, losing that is sufficient to stop price growth.