120 likes | 235 Views
Lansing Area Economic Forecast December 18, 2012. Charles L. Ballard Department of Economics Michigan State University East Lansing, MI ballard@msu.edu. As America Goes, And As Michigan Goes, So Goes the Lansing Area (More or Less).
E N D
Lansing Area Economic ForecastDecember 18, 2012 Charles L. Ballard Department of Economics Michigan State University East Lansing, MI ballard@msu.edu
As America Goes, And As Michigan Goes,So Goes the Lansing Area(More or Less)
Fundamental structural changes in the U.S. economy have created big problems for the Michigan economy for a very long time– not just in the last decade.
Manufacturing’s Share of the Economy Has Shrunk Dramatically
Most of the most successful states have high levels of educational attainment.
This slide is brought to you by the letter “M”. Education IncomeState Rank 2009Rank 2009Massachusetts 1 2Minnesota 10 13Michigan 36 40Mississippi 48 50
What’s Ahead in 2013?1. With a little luck, we’ll have a decent year. Not fabulous, but decent.2. We probably won’t go off the fiscal cliff, and it isn’t a cliff anyway.3. Right to Work won’t make much difference.
A song to thee, fair State of mine, Michigan, my Michigan. But greater song than this is thine, Michigan, my Michigan. The whisper of the forest tree, The thunder of the inland sea, Unite in one grand symphony Of Michigan, my Michigan. Michigan, My Michigan