Abstract
We saw in an earlier chapter how the Huffy Bicycle Company moved all its production out of Celina, Ohio, where the workers earned about $17 per hour and opened a factory in Shenzen, China, where the workers earn between 25 and 41 cents an hour.1 In fact, American workers in bicycle factories today are becoming about as rare as TV repairmen. The world has changed.
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Notes
Bill Clinton, Back to Work: Why We Need Smart Government for a Strong Economy (New York: Knopf, 2011), 131.
Arianna Huffington, Third World America: How Our Politicians Are Abandoning the Middle Class and Betraying the American Dream (New York: Crown, 2010), 115.
Roselyn Hsueh, China’s Regulatory State, A New Strategy for Globalization (Ithaca: Cornell Press, 2011).
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© 2012 Joseph Dillon Davey
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Davey, J.D. (2012). Slowing Down the Shrinkage. In: The Shrinking American Middle Class. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137295071_11
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DOI: https://doi.org/10.1057/9781137295071_11
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-1-349-44104-4
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