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Is your town the next Baltimore?

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stansberryresearch.com

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customerservice@exct.stansberryresearch.com

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Mon, Feb 5, 2024 04:04 PM

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In the 1800s, the city established itself as a major manufacturing hub. And the Bethlehem Steel Plan

In the 1800s, the city established itself as a major manufacturing hub. And the Bethlehem Steel Plant – one of Baltimore's largest employers – was paying its workers between $20 and $30 dollars in the 1990s. [Stansberry Research] Is Your Town the Next Baltimore? --------------------------------------------------------------- It may be hard to believe today... But Baltimore was once one of America's greatest cities. In the 1800s, the city established itself as a major manufacturing hub. And the Bethlehem Steel Plant – one of Baltimore's largest employers – was paying its workers between $20 and $30 dollars in the 1990s. Those workers had a pension. They owned middle-class homes. But then, the manufacturing boom went bust. Bethlehem Steel, along with many factories in the area, closed. And Baltimore was plunged into social chaos. Unemployment led to riots, protests, and a surge in drug use. Today, the city still hasn't fully recovered. Which is why when Amazon decided to build a warehouse where the old Bethlehem steel plant once stood, many were skeptical. But for Amazon, Baltimore was perfect... They didn't need qualified employees – they needed hands to sort products into boxes. Robots could pick up the slack. And all they were willing to pay was $15 an hour – 50% less than what people made 30 years prior. But people were desperate. They took the job. And the scary thing is – [this story is not unique to Baltimore.]( In fact, it's happening all over America. Pensioned manufacturing jobs are being wiped out... and those jobs are being replaced by gig work like driving for Uber or working in an Amazon factory. Jobs that simply don't pay enough for people to retire or live comfortably (despite what the Biden administration may claim). And it's leaving millions of Americans behind. [Yet, it's about to get a whole lot worse.]( That's because a new technology is slowly working its way through the American economy. But this time, it's not targeting America's working class – [it's targeting the middle class.]( Lawyers... writers... teachers – many of these folks could be out of a job once this tech goes mainstream. Which would not only cripple the U.S. economy – but redistribute wealth for generations to come. That's why I just sat down to record a new presentation – one where I not only reveal exactly what this new technology is... But also, the three (3) steps you can take right now to prepare for what's coming. [Click here to learn more.]( Best, Eric Wade, Senior Analyst, Stansberry Research Published by Stansberry Research. You have received this e-mail as part of your optin to Stansberry Research. If you no longer wish to receive special offers from Stansberry Research, [click here](. You’re receiving this e-mail at {EMAIL}. Stansberry Research welcomes comments or suggestions at feedback@stansberryresearch.com. This address is for feedback only. For questions about your account or to speak with customer service, call 888-261-2693 (U.S.) or 443-839-0986 (international) Monday-Friday, 9 a.m.-5 p.m. Eastern time. Or e-mail info@stansberryresearch.com. Please note: The law prohibits us from giving personalized financial advice. © 2024 Stansberry Research. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from Stansberry Research, 1125 N Charles St, Baltimore, MD 21201 [stansberryresearch.com](.

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