you still hear people talk about ncr leaving themm ity. macgillis: it's a story that's been repeated in many small industrial cities, all across the country. >> there's a really fundamental change happening in the economy. if you think about where wealth lives, it basically lives in a couple of places: it lives in financial assets-- so, on wall street-- or in intellectual property-- so, in silicon. valley it's in a handful of people, a handful of companies, and you've had no real growth in the underlying economy. you've had wage stagnation forrs 20 yea and so, the bottom falls out. there's, there's nobody earning any money. stuff, and these econo buy collapse. (siren blaring in distance) >> we have hit double digits on the unemployment rate now. >> macgillis: by 2010, dayton's unemployment rate topped 12%. >> it is worse than economistsin have been expe and this is the highest since the early 1980s. >> macgiis: and while all this was happening in the early years of this decade, city officialsst began seeing the figns of an even bigger disa