Quote:
Originally Posted by LMich
You know a place is struggling when the headline for a new jail is spun favorably as job creation.
Meh.
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Yep. A symptom of the state of things. The economy is roaring in the US and new construction is way up. But the big projects coming out of the region are institutional or healthcare related. We aren’t going to hear news of a new downtown hotel, apartment midrise or office building on a regular basis because there aren’t the jobs in the type of economy to justify it.
I think about when GM had three plants in Saginaw with all three shifts decades ago...the line workers, foremans, plant mangers, process managers, executives and then of course the several dozens of suppliers. You had tons of mid to high paying jobs that justified new construction and all the ancillary services like retail and healthcare. With much of that a fraction of what it was, it’s all about replacing what you have when the money is there.