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by asdff
28 days ago
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Well, they exist in places where the regional economy contracted significantly as well. They will be fine. They aren't so beholden to the wider economy as their customer base is local and they serve a need that has kept them in business for decades already, even with how many eras now of outsourcing and globalization and online shopping and all these other touted death blows that have been weathered all the same by these businesses. |
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This is a non sequitur. If the economy contracts and 99% of these businesses go under, 1% may well remain (“they exist…”) but that does not mean that all is well (“they will be fine”).
> They aren't so beholden to the wider economy as their customer base is local
The local economy in most of America is highly coupled with larger corporations. Either the large corporations are the major employers or the large corporations are the major customers for the area’s employers. Even if it’s not that, everything is tightly coupled to the banking system, as we learned in 2008.