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185. The historic collapse of Switzerland’s watch industry

Trade Talks

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The Swiss Case for Moving to New Cities and Jobs

In other contexts, workers often don't leave their communities when their jobs are suddenly lost due to a new technology or because of trade. Why was the Swiss case so different? In terms of how many other opportunities they might present besides watchmaking, if this is the only game in town then you can see why it might make a lot more sense to just leave town. Things like age can affect the cost of moving. Younger folks have a much easier time adapting to a new environment.

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