Quote:
Originally Posted by ebacon
The financial dynamics in Detroit are different. Recall that with the change in banking and saving structure during 1984-1999 all of the saved money went to NYC investment firms. Detroit workers have much less money now than they did at the turn of the century. As such they are less able to do, well, anything.
We are in a real pickle over here. Hopefully someone is getting a good laugh.
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Right. I recall seeing a figure of >20% decline in wage levels in the Detroit Metro area since 2000. Kinda makes the argument that high wages are what keeps the city down look antiquated, doesn't it?
Dave