if it's any indicator, i found it fascinating that I was flooded with tons of inquiries from recruiters -- from all over the country -- for a resume I haven't updated since September. That seemed weird, to me.
At 04:53 PM 1/24/2008, andie nachgeborenen wrote:
>Yeah, Detroit's a disaster, worse, I believe, than the
>82 recession (when I was living in Ann Arbor during
>grad school) and the bumper sticker you saw said, Will
>The Last One Leaving Michigan Please Turn Out The
>Lights. Doug, if he feels inclined, can give us the
>figures.
>
>It's worse, I believe, because in the early 80s what
>you had was layoffs but the plants were still there,
>but now the plants are gone, no possibility that they
>will ever come back or that there will be rehiring.
>The GM Main plant in Ypsilanti, the Ford River Rouge
>plant, the Chrysler plant in Warren, all gone. Of
>coursed all those plants in Flint that Michael Moore
>documented in Roger & Me. Also the breaking of the
>Detroit Free Press strike a decade ago, and be more
>recent bankruptcies of the big parts firms (with
>complete taming of the UAW there) has ended what labor
>militancy there was. There use to be weekly wildcats,
>now ha! Detroit had bounced back about in 88-98, but
>now it's a downward spiral with no obvious bottom.
>It's really scary. There are parts of Detroit that
>look like Baghdad. Large parts.
>
>Youngstown, Dayton, I gather the same. Gary, let's not
>go there. I a mean, literally. Don't go there. And if
>you pass through, don't drink the water and don't
>breathe the air. Chicago so far is doing all right, I
>think, except for the stupid war over our public
>transit and its marked deterioration and rising cost,
>but we got over the collapse of out industrial economy
>in the 60s and early 70s. We are experiencing some
>bubble deflation in residential real estate, not
>catastrophic, but the downtown commercial and
>residential boom seems to be continuing unabated.
>
>Indianapolis and Columbus seem to be doing OK on most
>dimensions. Cinci's mixed, divided between a ugly
>violent ghetto and a fair amount of real
>gentrification.
>
>--- Doug Henwood <dhenwood at panix.com> wrote:
>
> >
> > On Jan 24, 2008, at 2:57 PM, Steven L. Robinson
> > wrote:
> >
> > > Would it be fair to say, though, that in some
> > areas heavily
> > > dependent on construction spending - e.g. Southern
> > California -
> > > that the recession might be steeper than
> > nationally? For an
> > > unemployed construction worker or mortgage
> > consultant it would
> > > certainly FEEL like a steep recession.
> >
> > For sure. Nor was there any boom in the midwest -
> > instead, much of
> > that region has been enduring the evisceration of
> > the domestic auto
> > industry. As the Wall Street pundits sometimes say,
> > it's a market of
> > stocks, not a stock market. Same for sectors and
> > regions in a
> > national economy.
> >
> > Doug
> > ___________________________________
> >
>http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
> >
>
>
>
>
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