Since 2000, Michigan has lost 1 million jobs, mostly in manufacturing. Mostly to Mexico and China. Not just automotive, either. Appliances, office furniture, tooling, machinery builders.
A lot of people who felt that they were immune to layoffs and unemployment got blindsided. Many folks thought that they were "safe", they weren't involved in production. What we have seen is that if production goes, engineering and support activities follow pdq!!!
And who wants to locate a new biz in a state with 5 or 6 months crappy weather? Here in the mitten, between the lakes, you can days or even weeks without ever seeing the sun.
And our real estate is a joke. One of our customers was complaining about her tax assessment being too low. I was surprised at this, until she explained that she had built her house in 2000. 10 years of paying 2K per month has resulted in zero equity.
A recent article in the Economist magazine projects job losses continuing thru 2015 and not recovering to the 2000 level until 2025. Basically we are looking at a lost generation.
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Today's Featured Article - A Question for Dads This recent topic from the Tractor Talk discussion board is being highlighted because it is an awesome display of the caliber of individuals that have made this site their own. The young person asking questions received positive feedback and advice from total strangers who "told it like it is" with the care many reserve for their own kids. The advice is timeless... so although it isn't necessarily antique tractor related, it will be prominently displayed in our archives to honor those who have the courage to ask and those who have the courage to respond in an honest, positive manner.
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