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The U.S. textile industry has lost jobs to foreign countries primarily due to globalization and the pursuit of lower production costs. Many companies have relocated manufacturing to countries with cheaper labor and fewer regulations, which enables them to reduce expenses and remain competitive. Additionally, advancements in technology and automation have further streamlined production processes, often resulting in fewer domestic jobs. This shift has led to economic challenges in certain regions, as local workers face job displacement.
What else can I help you with?
Will the medical field lose job's during a depression?
Probably not. They might lose some jobs but the medical field will still have jobs and work.
Why did many people lose their jobs and home?
Companies didn't have enough money to pay employees
How many people lost their jobs cause of the stock market crash?
People do not lose their jobs because the stock market crashes. People lose their jobs when a company does poorly due to low sales, lack of product innovation, poor management, and/or lack of financing. People lose their jobs when the economy enters a recession and demand for goods and services drops which leads companies to lay off workers. Job losses are not directly caused by stock market crashes but rather are symptomatic of severe recessions or major macroeconomic shocks.
What does depression mean in history?
Depression is when money is devalued, people lose jobs and it is very hard to live.
How many aircraft did the Italians lose defending France and the low countries against allied counter attack in the blitz and battle of Britain?
The Italians did not defend France and the low countries.
What types of jobs in the sales market are safe from companies outsourcing them to foreign countries?
Most estimates of U.S. jobs lost come from consulting companies or ... U.S. employers to move jobs overseas, and require other countries to meet ... While some workers will lose jobs because of outsourcing and other forms of foreign ... new jobs and adjust to the shifting labor market via expanded
Some countries are reluctant to have contact with other countries. What do these countries lose by limiting contact with other countries?
by providing them with foreign aid.
Why does the U.S. textile lose jobs to foreign countries?
Many foreign countries (Asia as one example) produce textiles and many other products much cheaper than the US, or many western countries can compete. This is mainly due to the very low wages that the workers are paid, and the low running costs of running a factory.
Which is an effect of a declining industry?
Many people lose their jobs, local economies suffer due to the lack of finance /income
Which is an effect of declining industry?
Many people lose their jobs, local economies suffer due to the lack of finance /income
Why does the US textile industry lose jobs the foreign countries?
Labor intensive production is cheaper to do in countries with lower pay rates. In the US, there's a minimum wage, other places there isn't.Some other textile tasks, like dyeing(which is often toxic), is cheaper to do in places with less environmental restrictions.Cheap imports can force U.S. companies out of business.Foreign countries often accept lower salaries and poorer working conditions, meaning stuff can be made cheaper there.
Which group is most negatively impacted by companies that re locate to developing countries?
U.S. workers who lose their jobs
Which group is most negatively impacted by companies that re-locate to developing countries?
U.S. workers who lose their jobs
Why does the US textile industry lose jobs to foreign countries?
Labor intensive production is cheaper to do in countries with lower pay rates. In the US, there's a minimum wage, other places there isn't.Some other textile tasks, like dyeing(which is often toxic), is cheaper to do in places with less environmental restrictions.Cheap imports can force U.S. companies out of business.Foreign countries often accept lower salaries and poorer working conditions, meaning stuff can be made cheaper there.
How do different countries interact economically?
They interreact from trad and might benefit from it but a affect is that people lose there jobs because of trade.
How does alcohol effect our economics?
Alcohol affects economics because it is a huge industry. The production and sale of alcohol provides jobs, while causing alcohol users to lose money.
Why did women lose their jobs after the war?
The jobs were given to returning servicemen .
