Last month it was “bust in banktown” – Binya Appelbaum’s Washington Post situationer about Charlotte.
Today, economic trauma in Hickory makes above-the-fold of the Post front page.
Here’s a link to the story. For those of us in the Carolinas, it’s an old story: Textiles and furniture jobs have been bleeding overseas for years. (But we were comforting ourselves with all those stable, high-paying bank jobs.)
Interesting that in the larger U.S. media centers the plight of the Carolinas is only now sinking in. Charlotte and North Carolina have done a good job of positioning themselves in recent decades as “recession-proof” – now that it’s clear we’re NOT recession-proof, perceptions have lagged reality. As they usually do.