Question: write a essay- QUESTION # 1: Two years ago, the Acme Widget factory in Anytown, USA closed after nearly forty years of operation. Corporate officials

write a essay- QUESTION # 1: Two years ago, the Acme Widget factory in Anytown, USA closed after nearly forty years of operation. Corporate officials claimed that they could no longer operate the factory's old equipment with unionized workers earning $30 per hour, health care, and pensions. They announced that they were moving their factory to Mexico, where labor costs were less than $1000 per day. Around 30% of Anytown's population worked for Acme Widget, and another 40% worked at businesses whose customers were Acme Widget's employees. The workers, having no other employment opportunities in the area, line up for unemployment and welfare. In all likelihood, most of Anytown's adult population will be out for work for the next two to five years. Housing prices dropped when the factory closing was announced, so many residents cannot afford to sell their houses and move to other locations where jobs might be available. In a well written essay, answer all of the questions below: What was the class position of the factory workers before and after the factory closing? What kind of social mobility did they experience? Would the workers be considered poor while they were collecting unemployment benefits, which generally last six months to one year? Would the workers be considered poor after they used up their unemployment benefits? What kind of social problems would you expect the factory workers and their families to experience as a result of the long-term unemployment

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!