Imagine a job offered where you were payed in company script, not US dollars, that could only buy company housing and could only be spent in company stores. This is the true history of our Minnesota Iron Range. The owners were absentee owners, where the profit went elsewhere, not invested locally. The owners then went bankrupt, abandoning long term health care and pensions to what the government can provide. And in recessions, the employment dries up. I still listen to this story in awe.
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