Probably the greatest and worst thing about the U.S. sock industry is that it is open to anybody. You don’t need a high school degree or any work experience to get a sock job.
A last gasp for U.S. apparel manufacturing? Obviously, doing anything involving tariffs (imposing them, removing them or reimposing them) is bound to affect someone somewhere (From NPR via Mankiw). The same story repeats again and again: jobs move back and forth, workers shuffle around, and employment fluctuates.
…[T]he White House gave itself a self-imposed deadline of Dec.19, 2007, to put back tariffs on sock exports from Honduras…
…[M]ost of 4,000 recently laid-off sock workers quickly found new jobs. It’s an irony that reversing this tariff — fought for so hard by some in Fort Payne — will likely have its biggest impact thousands of miles away in Honduras…
- BROWSE / IN TIMELINE
- « The Problem with the “100-mile Diet”…
- » Turning producers into sellers, and connecting them to buyers, and turning buyers into producers
- BROWSE / IN 100milecloset business economics
- « The Problem with the “100-mile Diet”…
- » Turning producers into sellers, and connecting them to buyers, and turning buyers into producers
