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To: Lizzie Tudor who wrote (176256)12/24/2003 2:23:02 PM
From: greg s  Read Replies (1) of 186894
 
re: The difference was that the textile industry loss didn't drain so much from the economy that any recovery refused to happen. Other industries popped up to replace the textile industry fairly quickly.

Yeah? Tell that to many individuals in textile mill towns and towns that produce finished textile goods, like the town in the South where I grew up. Many, many of these folks, mostly female with limited education, never regained their wages. Some never regained their jobs at all.

This situation hit these smaller towns as hard, if not harder, than the "white-collar" drain to which you refer. In the case of my own home town, it never recovered. It is a town with an aging population, no growth, poor prospects.
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