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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (3520)	4/4/2004 12:50:05 AM
From: mishedlo	Read Replies (2) \| Respond to of 116555

From Steve on the FOOL on jobs I grew up in Kalamazoo MI (yup, it really does exist). Pretty typical small midwestern town. Businesses lost over the last 30 years: King paper mill: closed 1970 Monarch paper mill: closed 1982 Bryant paper mill: closed early 90s Shakespeare (fishing tackle): last operations left town in early 80s Gibson (guitars): moved to Nashville in early 80s Torrin (HVAC products): closed late 80s Clarage Fan (HVAC products): left town early 80s Fuller transmission div of Eaton: closed early 80s Checker Motors: production of Checker cabs ended in 82. The company did subcontract work for GM for years after. The phone directory still lists their number, but Checker doesn't appear on the list of largest employers, which ends at International Paper with 135 people. Eckrich meat packing: closed late 90s General Motors stamping plant: closed 1999 First of America Bank: aquired by National City, HQ jobs moved out of town. Upjohn (pharmaceuticles): aquired by Pharmacia, then Pfizer, HQ jobs moved out of town. Over those same 30 years, Upjohn, under various names, has added a new R&D building downtown. Stryker has grown by leaps and bounds and a couple plastic molders have grown. Western Michigan University is holding it's own. Bottom line is something between 10,000 and 20,000 industrial jobs gone in a county with a population of 240,000. Steve