Wednesday, September 29, 2010

Michigan: Family Income Falling the Fastest in the United States

Recent data reveals Michigan now ranks 37th in median family income. That is a 21.3% decline in just the last 9 years. In fact, per-family income has dropped over 6% in the last year alone. In 2000 Michigan ranked 16th, in the mid-1960's Michigan was in the top five states for per-capita income.

In the last decade, Michigan has lost over 1,000,000 highly-paid manufacturing jobs. And what has our current governor done about it? As reported in the Detroit News, "Granholm, speaking Tuesday at a conference on manufacturing in Washington, D.C., said Michigan was creating more than 60,000 new jobs through green programs -- many partially funded by federal grants." I might emphasize that a) these jobs are subsidized by the government, and, b) Michigan is still "creating" these jobs, most of them do not yet, actually exist.

Read more here and here.

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