Report: Auto industry decline will hurt Metro Detroit for decades
Dramatic losses in the domestic auto industry will keep Metro Detroit mired in economic crisis, fueling continued population losses and harsh changes in the job market for at least a decade, according to a bleak forecast issued today.
The report, issued by the Southeast Michigan Council of Governments, predicts that, for the first time ever, the Big Three's market share will fall below 50 percent next year and that an auto-borne regional recovery is unlikely.
Only a significant rise in education levels -- more college graduates, more skilled workers -- can alter the dour prediction, according to the report from SEMCOG, a regional planning organization that serves Wayne, Oakland, Macomb, Livingston, Washtenaw, Monroe and St. Clair counties.
"What it takes is a new Michigan," said Don Grimes, an author of the study and a research specialist at the University of Michigan's Institute of Labor and Industrial Relations.
No comments:
Post a Comment