Economy
Vila das Aves and neighbouring communities are heavily reliant on textiles for jobs and income. The industry was once vibrant and not so long ago was still causing rush hours when workers were changing shifts; it is now declining, and many ghost factories, some of them architectural monsters, scar the landscape. Although the industry is declining, its effluents still pollute the nearby river Vizela, rendering it black and foamy most of the time and detracting from the beauty of its green banks. The decline of the textile industry has brought unemployment and social problems. However the enterprising local population are pressing ahead with the regeneration of the community. Services are displacing textiles as the main economic activity, and investment in real estate has been growing, fuelled by young demons moving in, attracted by the town’s high quality and low cost of living.
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Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)