How Losing Jobs Can Be Good Sometimes
This article from a Federal Reserve publication points to a story from Murray, KY that explains on a micro level how globalization works to benefit all involved.
The article tells the sad story of how the Mattel toy plant was moving to Mexico and everyone was about to curse free trade, globalization, and of course evil Republicans also.
Before they knew what was happening, though, Webasto was moving in and so was Pella.
"Pella has turned out to be better than community leaders could have hoped for, says Manning, because it offered jobs with better pay and benefits than Mattel did. In an expression of appreciation, the county renamed the street leading into the plant—from Poor Farm Road to Pella Way."
The article tells the sad story of how the Mattel toy plant was moving to Mexico and everyone was about to curse free trade, globalization, and of course evil Republicans also.
Before they knew what was happening, though, Webasto was moving in and so was Pella.
"Pella has turned out to be better than community leaders could have hoped for, says Manning, because it offered jobs with better pay and benefits than Mattel did. In an expression of appreciation, the county renamed the street leading into the plant—from Poor Farm Road to Pella Way."
posted by Jefferson at 5:18 PM
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