Sunday, August 25, 2024

They stabbed the NC Economy and its People in the Back!



 What Happened to North Carolina and Middle-Class America: A Story of Broken Promises and Lost Futures

When my family and I moved to North Carolina in 1989, the state was thriving. The economy was strong, unemployment was below 3%, and industries like furniture manufacturing and textiles dominated the local landscape. North Carolina was a hub of American industry, and the people who lived and worked here embodied the essence of middle-class America: hardworking, proud, and secure in the belief that their efforts would lead to a better future.

But everything started to change in the mid-1990s, and the ripple effects are still being felt today. The passage of trade agreements like NAFTA (North American Free Trade Agreement) and TAFTA (Transatlantic Free Trade Agreement) marked the beginning of the end for North Carolina’s manufacturing dominance. What had been a robust economy with secure jobs and strong communities began to unravel.

The Impact of Offshoring on North Carolina’s Economy

Before these trade agreements, North Carolina’s textile and furniture industries were among the best in the world. Factories hummed with activity, and the products made here were shipped across the country and beyond. But after 1994, when NAFTA was enacted, the landscape began to shift dramatically. American companies, lured by the promise of cheaper labor and reduced production costs, began moving their operations overseas. Factories that had been the lifeblood of towns across the state started closing their doors.

This exodus was not limited to textiles and furniture. Other manufacturing jobs followed, and with them went the economic security of countless North Carolinians. The very foundation of middle-class life in the state was being eroded, and the consequences were devastating.

As a businessman in the manufactured home industry, I saw firsthand how this economic shift impacted people’s lives. The people who were buying our homes were middle-class Americans—the backbone of our economy. But as their jobs were outsourced and factories shut down, they lost their livelihoods. This led to a wave of foreclosures, as families could no longer afford their mortgages, and the once-booming industry I was part of slowed to a crawl.

The Role of Greed, Power, and Hidden Deals

What’s particularly bad about this whole situation is that it didn’t happen by accident. It was the result of deliberate decisions made by politicians and business leaders who prioritized corporate profits and political power over the well-being of American workers. Trade agreements like NAFTA were sold to the public with promises of job creation and economic growth. But behind the scenes, deals were being made that would enrich the few at the expense of the many.

The politicians who championed these trade agreements assured us that globalization would lift all boats, that the benefits of cheaper goods and new markets would outweigh any temporary disruptions. But those disruptions were anything but temporary. They were the beginning of a long, painful decline for the American middle class, particularly in states like North Carolina where manufacturing was the cornerstone of the economy.

Finger-Pointing and Empty Promises

Fast forward to today, and the very politicians who helped engineer this economic shift are now pointing fingers at each other, blaming everyone but themselves for the mess we’re in. They stand on stages and promise to restore the middle class, to bring back the jobs that were lost. But for many, these promises ring hollow. After all, how can the same people who broke the system be trusted to fix it?

The truth is, most Americans have no idea how the status quo in America became what it is today. They see the symptoms—wage stagnation, job insecurity, declining industries—but they don’t fully understand the causes. The complexity of trade policies, the influence of corporate lobbying, and the sheer scale of globalization make it difficult for the average person to connect the dots. And that’s exactly how those in power prefer it. By keeping the public in the dark, they can continue to push policies that benefit the wealthy and well-connected while the rest of the country struggles to keep up.

The Real Cost of Broken Promises

The cost of these broken promises is more than just economic. It’s social, cultural, and deeply personal. When a factory closes, it’s not just a loss of jobs; it’s a loss of identity, of community, of a way of life. The people who once took pride in their work, who believed in the American Dream, are left wondering where it all went wrong.

In North Carolina, we’ve seen the effects of this firsthand. Towns that were once vibrant and full of opportunity are now shadows of their former selves. The sense of security that came with a good job and a steady income has been replaced by uncertainty and fear. And for those of us who lived through this transition, there’s a sense of betrayal—betrayal by the leaders we trusted to protect our interests, and betrayal by a system that seems to value profits over people.

Where Do We Go from Here?

The question now is: Where do we go from here? How do we rebuild what was lost and ensure that the same mistakes aren’t repeated? It starts with holding those in power accountable, demanding transparency in policy-making, and advocating for policies that put people first. It means supporting local industries, investing in education and training for the jobs of the future, and strengthening the social safety net for those who have been left behind.

But most importantly, it means waking up to the reality of how we got here. The status quo didn’t just happen—it was created, piece by piece, by decisions made over decades. And if we want to change it, we need to understand it, confront it, and refuse to accept it any longer.

The future of North Carolina—and of America’s middle class—depends on it.

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