Originally Posted by
anonJD
It reminds me of a headline in U. of Michigan's humor newspaper: "We Need to Revialize Detroit," says student taking job in New York City
The top students at U. of Michigan and to a lesser degree, MSU, are being rushed by companies in California, DC, New York, Chicago and down South. You do the pros and cons of these sexy locations to Detroit and Detroit loses every time. The kids in the bottom half of their classes and the kids without the means to flee are largely the ones sticking in Michigan. That is not a promising outlook.
And you're right about those nearing retirement. Once they do retire, they're fleeing to Florida or Arizona and the kids ain't coming back. Detroit's future is very bleak unless something REALLY drastic happens to spark growth. It can not compete with Chicago. Period. And it's decades away from competing with Pittsburgh, which took 30 years to make a come back.