Lobster economics

Corby Kummer at The Atlantic talks with Trevor Corson about falling dockside lobster prices:

Corson says that it doesn't look like Maine lobster will go the way of Maine wild salmon or Cape Cod cod--but, if they don't change their fishing and marketing strategies in ways he describes, they could go the way of the textile mill workers who have left such lovely, sad relics in the Connecticut of my childhood and the Massachusetts I live in now.

And Corson explains the problem further.