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Word: stollenwerk (lookup in dictionary) (lookup stats)
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...footwear industry has almost been wiped out in the past decade; imports now account for about 90% of shoes sold here. But John Stollenwerk, owner of Allen-Edmonds, one of the few American shoe manufacturers left, says protectionism would not have saved others. Says he: "This isn't a shoemaking country. It's a high-tech one. There aren't a lot of Americans interested in sewing shoes together." Stollenwerk has survived by paying his 450 employees in Port Washington, Wisconsin, high wages of $12 to $15 an hour and turning out premium-quality shoes...

Author: /time Magazine | Title: CAMPAIGN '96: WHERE HE RINGS TRUE: FREE TRADE ISN'T ALWAYS FAIR | 3/4/1996 | See Source »

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