The Textile Industry

Paper Summary:

The following paper discusses and looks at the way in the textile industry cannot complete on a basic level with other countries and still pay American workers a living wage, thus having to take into consideration its larger outlay costs of capital. The writer suggests that the recent state of the industry is yet another example of the difficulties textiles have experienced throughout the United State's difficult history.

From the Paper:

"When technology forms a perfect substitute for human labor, the costs of manufacturing decrease and goods can be produced more cheaply and efficiently with less effort. A factory under such circumstances is able to expand its investment of capital without increasing, or even decreasing, the cost of the use of its human labor. Has this always been the case? And does this continue to be the case today? Throughout the beginnings of the industrial revolution in the United States, there was a tension created between the types of industrial expansion of the northern half of the country and the largely agrarian sector of the economy found in the south. The southern half of the United States, despite technological innovations such as the cotton gin, remained completely reliant upon human power to sustain its economy. The northern half of the United States, in a trend that began with the industrial revolution, became increasingly dependent upon manufacturing innovations rather than upon human power to operate those technologies."

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