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Old 01-25-2019, 02:32 PM   #4934
Tyrone Slothrop
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Join Date: May 2004
Posts: 33,084
Re: We are all Slave now.

Hey Sebby, this thread from Paul Krugman has an interesting angle on something you talk about. It's about the way that less populated areas are hit by changes from international trade. Because they are less populated, and because trade increasingly drives specialization, changes in the economy that have small aggregate effects can have huge effects in particular places. If you have a small town with a single factory and that factory closes, the town gets totally whacked, even if the aggregate effects on its state or the country are small and/or generally positive. And in the background, you have a steady, long-term decline in jobs from farming.
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