WHY VERY FEW MANUFACTURING PLANTS EVER NEED TO CLOSE
If a manufacturing plant closes because their profits are down, that usually means that the shareholders aren't getting an increase in quarterly dividends and/or a year-over-year growth in their stock price. It also means that the corporate executives may not be getting as big a bonus from that location.
What it doesn't necessarily mean is that there is anything wrong with the actual business income and expense model or the productivity of the workers, or the local business climate.
In other words, most factories close because out of the area execs and shareholders aren't making enough to buy another villa, yacht, or pay for another European vacation.
If the disparity of income of workers versus "higher ups" was not as great, plants could operate indefinitely and workers could receive a living raise for as long as there was demand for the products or services produced by the company.
This may sound a little complicated, but it's not. Basically, you have forget everything you hear on the nightly news and about the stock market going up or down, and just look at the reality on the street. If people are buying the products, then the business is fine. The economics of stock prices and obscene corporate profits has nothing to do with the economics of running a business.
Next time you pass an abandoned factory, think about the day that it closed. The machines still worked, the employees were willing to work, the roof didn't leak, the lights worked, etc... Actually, the business was probably showing a profit on the products and services being produced at that location. The only reason it closed was because some greedy bastard miles away wanted to make several more millions of dollars, and the profit wasn't high enough.
This is the reason most businesses leave this country. It's not really about wages, taxes or tariffs; it's about exorbitantly high profits for people that are already making billions of dollars.
A good example of this is Walmart. Several of the richest people in the world (multi-billionaires) are all major shareholders in Walmart. We're talking fortune 500 top 10 billionaires. If they would take just a fraction less out of the company, there would easily be enough to pay employees healthcare and provide them with a living wage. The reason why they don't has to do with greed -- and probably wanting stay on the top 10 list. Imagine that... a child is under-nourished because some bastard in a mansion somewhere is trying to move up a notch on the Fortune 500 list. It's Pathetic!