Almost missed this one
There will of course be a leveling over time, but I don't think we've seen the worst of it yet. Many businesses are running on smoke and mirrors right now so the picture looks better than it is.
Plus, the big players have made their capital investments overseas and they are not going to walk away barring collapse.
Regarding the monetary issues, China will pull the plug on their currency if it actually gets too advantageous for us. They are just playing along now.
Regarding Michigan, yes our high volume base is dead f'ed. The unions and our tax structure are keeping companies at bay with spears. After that, they are milking the remaining companies so hard that we're crumbling under the load. Property tax, that's the killer.
Then our idiot Gov talks about how we need to invest in education to turn our economy around???? As if companies are weighing Michigan as a possible relocation site but ultimately pass because our people are too stupid? Yea, that's the ticket.
On the upside, medical manufacturing is on the rise and will continue to be made here for a long time. We are trying to get in the market and we're quoting some assemblies now that would change our situation. Beyond that we are looking for other lower volume quality intensive markets to break into, stuff that just doesn't lend itself to overseas mfg.
Who knows, but if we go down we'll go down swingin'.