hvactec
VIP Member
Many of those factories, with the help of America’s lackadaisical free trade policy, have relocated to China, Mexico or India, where labor is cheap and environmental regulations are almost non-existent.
America has been losing manufacturing capacity, jobs and precious technology for decades as the nation transitions to a more service-centric economy, but the worst economic crisis since the Great Depression has only hastened the transition, causing factories across the nation to permanently close their doors.
Others are simply shutting down factories and consolidating production in a move to cut costs and remain competitive with multinational companies with large, cheap Third World workforces.
Full story More American Factories Closing | Economy In Crisis
America has been losing manufacturing capacity, jobs and precious technology for decades as the nation transitions to a more service-centric economy, but the worst economic crisis since the Great Depression has only hastened the transition, causing factories across the nation to permanently close their doors.
Others are simply shutting down factories and consolidating production in a move to cut costs and remain competitive with multinational companies with large, cheap Third World workforces.
Full story More American Factories Closing | Economy In Crisis
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