Posted by Spook on July 13, 2010 at 12:25:13 from (75.45.89.110):
In Reply to: Re: Nope. posted by usetabesteve on July 13, 2010 at 11:52:11:
The only businesses I see doing well (surviving!!) here in Michigan are service industries - plumbers, electricians, other trades. Even they have had to take a haircut. And of course. health care folks. Electrolux, a Swedish producer of refrigeration compressors, moved the worlds largest compressor plant from Michigan to Mexico. The state offered to build a new factory and give it to Electrolux. Electrolux refused, stating that they could pay for the new Mexican plant in 2 years, just in labor savings. The Michigan workers were making about $12 per hour, the Mexicans, less than $3. Cheap labor, the gift that keeps giving.
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