background preloader

Motor City: The Story of Detroit

Motor City: The Story of Detroit

Related:  jorgejr12rolandvasquezBankruptcy= IndustryDetroit research paper

Got job skills? Michigan needs you As baby boomers retire in ever increasing numbers, employers throughout Michigan are facing a growing problem finding workers with the education, training and skills needed to fill their jobs. Industries in Michigan from construction to health care are facing shortages of competent workers. Those shortages are growing more acute as Michigan's unemployment rate continues to decline toward the 5% mark and the pool of available talent shrinks. Shortages of qualified workers — known as the "skills gap" — presents a drag on Michigan's future economic growth. One area where it is felt most acutely is in the state's construction industry, which is facing shortages of carpenters, electricians and other skilled trades.

From Motor City to Motor Metropolis: Becoming the Motor City From Motor City to Motor Metropolis: How the Automobile Industry Reshaped Urban America by Thomas J. Sugrue Becoming the Motor City: Immigrants, Migrants, and the Auto Industry Property taxes going down for over half of Detroiters Detroit — More than half of Detroit’s residential property owners will have lower property tax bills this year, but 41 percent can expect modest increases, city officials said Monday. The Duggan administration unveiled the proposed 2017 property assessments on the heels of the first parcel-by-parcel reappraisal of the city’s nearly 255,000 residential properties in 60 years. “It’s been a three-year process, and today we will be sending out the assessment notices and everybody will get an assessment based upon their individual houses,” Mayor Mike Duggan said during a news conference Monday at City Hall. “... Getting the assessment right is something that every homeowner should be entitled to just expect.” Officials said approximately 140,000 homeowners will see reductions in their taxes of about $263 each. About 12,000 will see an average increase of about $80 each and the remaining 6 percent of property owners will see larger adjustments.

Editorial: Raising minimum wage hurts low-skill workers California will increase its minimum wage to $15 an hour by 2022 and New York is poised to do the same. Fight for $15, a national activist group pushing the higher wages, also has a presence in Michigan and is expected to continue working its agenda in the state. With those measures — and with proposals from Democratic presidential candidates to raise the federal minimum wage — this is an issue that won’t fade away. Anatomy of Detroit’s Decline - Interactive Feature Mayor Coleman A. Young of Detroit at an event in 1980. Richard Sheinwald/Associated Press The financial crisis facing Detroit was decades in the making, caused in part by a trail of missteps, suspected corruption and inaction. Here is a sampling of some city leaders who trimmed too little, too late and, rather than tackling problems head on, hoped that deep-rooted structural problems would turn out to be cyclical downturns. Charles E.

How much federal money already goes to Detroit? @emptywheel IMHO Feds have no business rewarding #failure w taxpayer $$ #Detroit— Gregory Phillips (@Ancient_Warrior) August 1, 2013 Members of the House of Representatives are trying to gather support from other members of Congress to hold hearings on a federal fund to help Detroit through its bankruptcy. As I have been saying for months, the likelihood of a federal bailout for Detroit is miniscule. Federal spending, excluding transfer payments like Social Security, Medicare and Medicaid, has been shrinking as a percentage of the U.S.

Detroit gained second-most manufacturing jobs in U.S.; auto workers paid $21,000 above industry average View full sizeAP file photoDetroit'ÂÂs 74,000 motor vehicles and parts workers earn $21,000 above the industry average of $59,000, according to the Brookings Institute report. DETROIT, MI- Manufacturing in Metro Detroit has grown in the past two years more than almost every major metropolitan area in the U.S., according to a report today from the Brookings Institution. The "Locating American Manufacturing: Trends in the Geography of Production" report found that manufacturing in the Motor City and its surrounding areas increased 12.1 percent from the first quarter of 2010 to the fourth quarter of 2011. The national average was 2.7 percent. Only Charleston, S.C., increased more than Metro Detroit, with a 14 percent growth in manufacturing jobs in the two-year period.

The rise and fall of Detroit: A timeline Sign Up for Our free email newsletters On Thursday, Detroit made history — and not in a good way. The heart of the U.S. auto industry and home to the Detroit Tigers, Eminem and the White Stripes, Motown, and (maybe) Jimmy Hoffa's body became the largest city ever to file for bankruptcy. In many ways, this financial crisis is 60 years in the making. As the Motor City faces an uncertain future, here's a look back at some key dates in the long, storied past of one of America's great cities:

How Detroit Deadbeats Taught Tax Collectors That Threats Really Work © Ben Steverman BC-HOW-DETROIT-DEADBEATS-TAUGHT-TAX-COLLECTORS-THAT-THREATS-REALLY-WORK For a while there, Detroit’s income tax might as well have been optional. About 400,000 people—residents and anyone working inside the city limits—are required to file a tax return to Detroit. Our Editorial: Detroit skills gap still too wide Detroit’s economic recovery has made it to several of the city’s centers — mainly downtown, Midtown and Corktown. But the city’s neighborhoods remain poverty-stricken, with tens of thousands of residents who lack education and are unable to find a job that matches their skill levels. Despite the resurgence, there are still far too few jobs in Detroit, and more worrisome, too few jobs available to Detroiters. That’s what a recent workforce study has revealed, underscoring that Detroit’s major challenge is educating and training its residents for the kinds of jobs increasingly available in the Motor City. The city’s revitalization will ultimately mean little if it doesn’t provide economic progress for all Detroiters, and the city won’t sustain long-term growth if it doesn’t close the skills gap between its residents and its job creators.

Beyond Bankruptcy: How the Detroit Economy has Recovered Even though “failing forward” has become clichéd jargon around conference tables, it’s still both exciting and encouraging to watch someone (or something) rise out of a slump and come back stronger. And there’s no better example than Detroit, Michigan: the nation’s underdog upstart. In 2013, Detroit declared bankruptcy and became the media’s go-to example for struggling cities. But despite great difficulty, it has managed over $2.4 billion in investment and development since January of that year. And in many key economic categories—including gross domestic product, private sector job growth, and per capita income—the Detroit region is now outperforming national averages.

Everything You Need To Know About Detroit’s Fight Between Investors And Retirees Two weeks ago, Detroit filed for bankruptcy protections, saying it is unable to pay back the roughly $18 billion it owes. The bankruptcy faces legal challenges from creditors who say emergency manager Kevyn Orr did not negotiate with them in good faith, and intended to steer the city into bankruptcy court. Emails from the winter involving Orr and state officials seem to support that claim.

How Detroit Leaders Ignored Causes of Bankruptcy for 65 Years By Lew Mandell The signs of Detroit’s decline have been well-recognized for 65 years. Photo courtesy of Spencer Platt/Getty Images. For the past few months, Lew Mandell, author of “What to Do When I Get Stupid,” has been our retirement finance guru. He’s addressed multiple ways to close the retirement income gap, encouraging boomers to plan ahead before they lose their financial faculties to old age.