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To: Lizzie Tudor who wrote (176256)12/24/2003 2:23:02 PM
From: greg s  Read Replies (1) | Respond to 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.



To: Lizzie Tudor who wrote (176256)12/24/2003 4:26:52 PM
From: Road Walker  Read Replies (1) | Respond to of 186894
 
Lizzie,

Greg answered MUCH better than I could.

Frankly, I don't know the answer. I know that some people benefit, and some people suffer from free "trade" in jobs. Those in the investor class benefit, those that work suffer. On the other hand, to stop competition is to stop progress.

But the salary for a textile worker is just as valuable to them as a salary is to a tech worker. So the problem, IMHO, is not just tech, it's about all of us.

John