I would think it all goes hand in hand,what does Detroit have to offer to a company for a skilled work force?
Could Quicken as an example have made the move to downtown employing 6000 without already having those employees in place?
On the micro side of it, the labor supply and demand aspect of,say,a machinist,is matched already otherwise the machinist would be making $200 per hour based on labor supply and demand.
A large company moving to the city would have to relocate their entire personal pool to a point.
Because of its past,one could say the city has a pool of existing skilled workers,although currently unemployed,they could be called on to meet future expansion,so they are in essence held in reserve to meet the demand for existing companies.
So if a company decides to locate to the city and calls on that reserve it creates a shortage in the labor pool driving up wages.
It is in the cities best interest for future growth to provide an educated work force,in the currant situation companies would have to relocate their workforce to meet their needs,while the currant existing future workforce is being trained.
Which in turn becomes costly to do business in the city,which as we have seen,needs to be offset by incentives for that to take place.
By educating the existing labor pool,you are providing a desirable work force and allowing them a chance for a better situation for the city as a whole,you kinda need both to happen at the same time,education,training and relocating of existing business,if your labor pool of skilled workers dries up,you are going to move to where they are.
To me,Detroit is in a prime position to take advantage of the fallout of a lot of bankrupted companies that have shed their massive debt load but still could be viable should they restart fresh,but they need funding and a trained and educated workforce to restart,hub city can provide the funding can Detroit provide the workforce spread across many different trades other then just the factory floor to create a diversified local economy?
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