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Right, in the 50's and 60's America was in a very unique place in the world, since wars had literally destroyed the other industrial powers. We kinda ruled the roost, and Americans standards of livings saw the benefit.
Now that we're in a more global economy, and we started going wild with our consumer spending, families are having to hold at least two jobs, and the manufacturing capacity has moved on to other cheaper countries who have built up their industrial base.
As long as we move to a more global economy, services in the US will only pick up, and manufacturing will go down. This is why Des Moines, Iowa City and Ames have done well the past few decades, they don't have a manufacturing economy - and don't have the drastic need to retool, reinvent themselves.
Chicago is another example of a city that has successfully shed a large % of its manufacturing jobs, and pulled in a lot of finance/service jobs. Detroit is an example of a city that has struggled to hold its manufacturing jobs, without finding any solid replacement industries.
The "new cities" of the south are going through the same booms that the midwest cities went through in the early/mid 1900's, except for them they're starting off with more service and tech industries, whereas the midwest started off with manufacturing.
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