Move!

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Dead End in Detroit for White-Collar Workers:

Frustrated by the tight job market, Mr. Badhorn works off his stress by hitting the gym every day. He’s lost 15 pounds since November, but it hasn’t made him feel any better about his circumstances. “I’ve pretty much come to the conclusion that I’m going to have to move if I want to earn what I made before, or close to it,” he said.

Creative destruction is about as overused as paradigm shift, but it seems appropriate in this case. Depopulation is part of the life-cycle of regions.

6 Comments

  1. One of the great advantages that the US has over many other industrialized nations (or even the EU) is the mobility of labor. A worker who loses his or her job in Michigan has the whole country to search for a new position. He or she can move hundreds or even thousands of miles away, to North Dakota, Wyoming, Florida or Texas and find a community pretty much like the one left behind in Michigan. No need to learn a new language, adapt to new laws and customs, or change currencies. Everything is same-same. This is theoretically possible in the EU, but, in fact, rarely happens. Unemployed workers from, say, Greece or Portugal, don’t end up moving to Finland or Poland, even though they have the right to work there.

  2. ?I?ve pretty much come to the conclusion that I?m going to have to move if I want to earn what I made before, or close to it,? 
     
    I don’t know how much this guy was paid, but I get the impression that someone isn’t pessimistic *enough* yet.

  3. “Creative destruction” may be overused in your social circles, but is pretty much unknown to the public at large – and the level of public (or elite, for that matter) understanding of the concept of creative destruction is near zero.  
     
    Google web hits for “creative destruction” = 412,000; Google News = 146  
     
    Google hits for “paradigm shift” = 1,740,000; Google News = 1,202

  4. Of course not, Ned. They come to Britain.

  5. Of course not, Ned. They come to Britain  
     
    Not any more!

  6. While I don’t know the migration rates within the US or EU, it seems to me, that neither the US nor the EU have trouble motivating those from outside to move to their area. Both have strong immigration from outside their borders.

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