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 - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that�s wha
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