In the Workshop: What happens when an employer goes out?

I’ve got a new item in the Workshop that I’d like your feedback on.  My friend and collaborator Pete Mallow took an initial stab at trying to identify the types of basic responses that we are likely to see in communities after a major business pulls out.  I think he’s in the ballpark, but I don’t think in economics charts the way he does.  So I’d like to see what you think.  Is he missing any other possible reactions?

Obviously this doesn’t answer the critical questions of why these responses happen or how communities should deal with it, but it’s a way to start to understand what we might need to evaluate.  And it’s a baby step toward answering my most vexing question: Why do some places bounce back from disasters, and some don’t?  What makes the difference?

 

I’d like to continue to turn Pete’s brainpower to this issue, so let me know what you think of this framework.  Thanks.

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