MICHAEL HICKS: Carrier illustrates the big economic shifts of our time

MICHAEL HICKS: Carrier illustrates the big economic shifts of our time

Michael Hicks, director of the Bureau of Business Research at Ball State University

The final layoffs at the Carrier Indianapolis plant provide a moment to reflect on three trends that are remaking much of the American economy. I start with the least impactful of these and move on to the big disrupters.

A little over two years ago, at the height of the 2016 presidential campaign, Carrier threatened to close plants in Indianapolis and Huntington, relocating this production to Mexico. They argued that total costs from regulation and labor were too much to bear and that they needed a less expensive […]

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