It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
This documentary is from 2006, long before the financial meltdown. It's the story of what happens to a town when jobs are offshore outsourced.
Outsourcing Greenville
Outsourcing Greenville is the story of what happened when the world's largest refrigerator plant outsourced to Mexico leaving 1/4th of Greenville, Michigan residents unemployed. The factory had been a fixture of the Greenville community for over 100 years until Electrolux uprooted the plant in March of 2006 to move production to Mexico where they could pay workers wages as low as $1.57/hour. This story is told through the voices of employees and the president of their union as they attempt to face the future in a season of difficulty and change.
Then a recent video looks at China when the United States ran out of money to buy their cheap goods that used to be made in the United States. (the conditions in China are no longer the case!)
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