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Unformatted text preview: increase in exports from fabric and yarn producers. (3) The increase in jobs of the Mexican textile industry workers means income increase for these workers. The Mexican workers then use a part of this increased in come to buy US made products, which in turn creates jobs in the US industries. For example, as more jobs were created in Mexico, more people are employed and they have more income to spend on the American goods which is beneficial to the US economy. Loss: Reduced employment or loss of jobs in the US textile industry. For example, between 1994 and 2004, production of apparel felt by 40% and production of textiles by 20%. In the same time frame, employment in textile mills in the US dropped from 478,000 to 239,000 and employment in apparel plummeted form 858,000 to 296,000. Besides, for example, the Loom Inc. lay off 3,200 workers, or 12 percent of its US workforce....
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This note was uploaded on 11/09/2010 for the course CLASS 4 taught by Professor Dr.francis during the Spring '10 term at United International University.
- Spring '10