Thread
:
Dying Detroit - - Ping Gunner
View Single Post
#
15
Posted to rec.crafts.metalworking
Ed Huntress
external usenet poster
Posts: 12,529
Dying Detroit - - Ping Gunner
"F. George McDuffee" wrote in message
...
On Mon, 21 Dec 2009 20:16:00 -0500,
lid
wrote:
Here's a little video on the Detroit situation and it sure isn't
pretty.
http://www.liveleak.com/view?i=05f_1261404860
Dave
========
There appears to be no reason that Detroit is unique. This
should serve as a "red flag" to the residents of all large urban
areas and their suburbs about can and will happen when the major
employers leave, either through bankruptcy/liquidation or
relocation/outsourcing, possibly resulting from
over-regulation/taxation, or being used as a "bargaining chip"
(and sold out) by our fearless trade negotiators.
There are two reasons most of them left the old manufacturing areas: Cheap
labor, and tax avoidance. A few decades ago, the Southestern states lured
manufacturers in by giving away the store.
Now they're paying the price. It turns out that China is cheaper still.
--
Ed Huntress
Reply With Quote
Ed Huntress
View Public Profile
Find all posts by Ed Huntress