The southeast is tore up from manufacturing loss. And there are hundreds of thousands of people who have invested their whole lives in that business and are now not yet old enough to retire, but too old to start a new career and fighting over the same jobs. But since there is no jobs in manufacturing, restaurants are closing, retail shops are closing, so even those other jobs are falling out.
It’s a chain reaction and it has just started.
Nothing to do with your minimum wage discussion, just commenting on the manufacturing part. I hear Freepers comment on something that is working in their area, in one field and express how it is somehow representative of the nation as a whole. It is not. And the ripple effects of all the manufacturing job losses over the past three years will be really felt once 401k’s and IRA’s are depleted either through people being forced to spend them to survive, or stock market falling.
You are correct. Millions of good paying jobs are being lost and there is a ripple effect. There areas are not immune and will feel the effects of the ill advised global policies that are destroying this country. Sirius radio was almost bankrupt (still may go under) because they are not building many cars with sirius radio...big losses. This is one example. There are many others. I have people tell me all the time that I should move South. Well, I have family there (Virginia and Georgia), and they are beginning to struggle.