I'm glad I'm not the only one to find those terms epically creepy, especially given their current popularity with the newly resurgent "Blut und Boden" crowd.
The 80s saw the collapse of my state's industrial base as well, and for pretty much the same reasons: either buyout/merger fever, or attempts to go to sunnier climates where workers didn't believe in Solidarity. At the start of the 80s, our industrial base was built around papermaking, fish processing, poultry processing, shoe manufacturing, and textiles, with metal and wood fabrication of components for the construction trades in there as well. By the end of the 80s, poultry was completely gone, shoes were almost completely gone, textiles were on their last legs, and fabrication was severely undermined by overseas competition. Fish processing was heading into its final collapse by the turn of the 90s, and papermaking was right behind it.
The real question we were asking as the eighties flashdanced on was "what's going to happen to all these people who've worked in these plants and mills all their lives?" The answer we were given was "they can all work in these new call centers we're going to build in exchange for tax-increment financing!" Well, that didn't work out either, especially when the executives of the companies who built the call centers bled said companies dry. Ooops.
The industries that really flourished here in the 80s were the cocaine and heroin trades, but even then you had to buck a lot of "foreign competition."
Growing up on the leeward side of the S.D. Warren papermill, I often fantasized about the end of paper production...
And while I haven't lived there in several decades, it seems the future economic base of that area will be in selling "quaint" to nouveau rusticators and the like. With Portland exploding, all those coastal and riverside towns that were depressed as they were emptied of their industrial value seem to be Camdens in waiting.