25 years ago, 90% of toys were made here in the US. Now less than 10%. I can't imagine the domestic impact if this were to happen in the US.
Trouble in Toyland:
U.S. recession jolts China
Dwindling demand hastens closure of at least 3,600 factories, stirs unrest
Declining U.S. orders already have contributed to the closure of at least 3,600 toy factories since the beginning of 2008, according to the Chinese government, leaving hundreds of thousands of Chinese workers suddenly out of work in this sector alone. Some of the shutdowns have triggered violent protests, a situation that could worsen if the Western recession drags on through 2009, as many economists are predicting.