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My mom was a seamstress for much of the 1980s and some of the 1990s.  I remember that she would work for a company, and then that company would close shop, and then she would find a job somewhere else and then that place would close down and so on.  Evan Soltas has an explanation for  what was behind my mother’s experience.

H/T to Tyler Cowen

More on: Oeconomics

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