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 - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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