The Way It Was
Wagner Meters began as a business in the early 1960s when Delmer Wagner saw an innovative opportunity in the forest products industry of the Pacific Northwest.
At That Time:
American population: approximately 175 million.
Average American salary: $4,750.00/year.
Life expectancy: males: 66 years; females: 73 years.
Minimum wage: $1.00/hour.
Since then, trade has gone global, both for buyers and sellers. Manufacturers produce their goods due to a greatly-expanded set of considerations, among them: cost. Increasingly, companies send production contracts to cost-efficient countries to maximize profit and stay competitive. As with any cultural tectonic shift, globalization has its positives and negatives. Informed individuals can decide, for themselves, on the risks and benefits.