In this example--and it's a hypothetical example based on industry statistics--the example in 2002 is that it's a 5% net profit. That's net income before taxes. And that's not untypical of what most industry was doing prior to the increase in the dollar and the increase in commodities.
What you'll see now, though, is that unless you change your business model--and this is all based on the premise that you don't change your business model--you go from making 5% to losing 23.5%. There aren't many businesses that can stay in and survive very long losing 23.5% .
And you can see that this is really what has driven the decrease in employment and the decrease in manufacturing activity in this country.