I am in Florida, so probably cannot relate. However, when visiting relatives in Illinois recently I saw the effects of a Maytag plant closing, moving to Mexico, and it was rough. I don't have the answer, but it certainly seems that we are in a race to the bottom in terms of wages. On the job I am dealing constantly with people who have no money, even though their houses large houses are filled with stuff. I hope that out of this perhaps we will re-learn the value of savings and living within our means.
Glenn Phillips
of FL
@
Dec 29, 2008 17:18:25 PM
Negative in Michigan
I am a Michigan realtor/appraiser.
I felt back in 2003 we were heading for the ditch when they started making no - doc loans to people I knew would never make a payment.
But it seemed everything was being put in place to stave off the inevitable realties of NAFTA.
So here it is with all the manufacturing jobs given away by our own gov't. and the companies built by the hard work of so many Michigan workers, even if the economy comes back there seems to be no reason Michigan will ever be a manufacturing state again.
The geographics suck as well as the climate. It's over move south, remember the southeners would have never come this far north back in the day if weren't for jobs. The jobs are now in the south. Move !!
Kimberly Palmer, senior editor for U.S. News & World Report, writes about how to save money, avoid scams, manage debt, and be a savvy shopper. Send your personal finance questions to her for expert money advice.
Glenn Phillips of FL @ Dec 29, 2008 17:18:25 PM
Jeff Comer of MI @ Dec 29, 2008 16:33:13 PM
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