Shannon Green

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The collapse of the manufacturing economy changed the currency of social and economic mobility quite considerably. Deindustrialization of Western economies (particularly within the United States and Great Britain) is largely explained by three key forces: oversaturation of the market (there are only so many dishwashers a household can buy), technology and automation (machines are low-cost and faster than people when it comes to factory lines), and globalization (labor costs are cheaper elsewhere and technologies in transport along with computers make it possible to outsource production to ...more
The Sum of Small Things: A Theory of the Aspirational Class
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