Monday, February 16, 2009

Move!   posted by Razib @ 2/16/2009 11:53:00 PM

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.