We have been losing jobs since 2000. About 950K, out of a state population of 10M. We didn't have a whole lot of goofy loans here, because our real estate never took off like Cali or Florida. But I think we are kinda used to it now. It wasn't only the auto industry that fell off here, it was also other manufacturing, Whirlpool, Steelcase, a lot of other furniture firms, supply firms of all types, construction, and tourism, which was the #2 industry. Kinda the perfect storm here. Good example was Electrolux, a company that had a plant that employed about 2K workers. They made compressors for refrigerators. Paid about $12 - 15 per hour. Electrolux moved the plant to Mexico. The state tried to save it, offered to give them a new plant. But wages of $3 per hour, all in, won out. The lure of easy money has a very strong appeal!! Basically the economy sucks, but we are getting used to it. One electrical engineer I know told me he put out 700 resumes, has had a few interviews, but nothing with benefits, he has a young family, needs the insurance. He hasn't worked in a year. My dentist is down to working with his wife and one assistant. He used to have 3 assistants and a full time receptionist. He told me he is looking for a smaller office, to cut his overhead. A lot of people don't have insurance now. I retired when my plant was closing. Basically, not gotten much better.
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Today's Featured Article - A Belt Pulley? Really Doing Something? - by Chris Pratt. Belt Pulleys! Most of us conjure up a picture of a massive thresher with a wide belt lazily arching to a tractor 35 feet away throwing a cloud of dust, straw and grain, and while nostalgic, not too practical a method of using our tractors. While this may have been the bread and butter of the belt work in the past (since this is what made the money on many farms), the smaller tasks may have been and still can be its real claim to fame. The thresher would bring in the harvest (and income) once a y
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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