Local wages way below average
Grand Rapids Business Journal
November 20, 2015
In the report Michigan’s Transition to a Knowledge-Based Economy 2007-2014, Michigan Future Inc. explores why the state has become a low-prosperity state and the economic challenges the state — and Grand Rapids and Detroit — must overcome to move toward high prosperity and generating a broad middle class. Lou Glazer, president of Michigan Future, said the report is about the state and its two major metropolitan regions in a time of economic expansion rather than the period when the state’s economy was in decline. >>Read more.
Report: Michigan held down by low income, education
Bridge Magazine
November 21, 2015
Michigan is struggling to achieve economic prosperity during a boom time for the auto industry. Among the reasons: low per-capita income and fewer than a third of its residents hold bachelor’s degrees, according to new research released today. The state that gave birth to cars now ranks in the bottom half nationally on those two measures, according to the study conducted by University of Michigan economist Donald Grimes and Lou Glazer, president of Ann Arbor-based think tank, Michigan Future, Inc. >>Read more.
New Study: Despite auto boom, state lags in income, education
Crain’s Detroit Business
November 23, 2015
Michigan is struggling to achieve economic prosperity during a boom time for the auto industry. Among the reasons: low per-capita income and fewer than a third of its residents hold bachelor’s degrees, according to new research released today. The state that gave birth to cars now ranks in the bottom half nationally on those two measures, according to the study conducted by University of Michigan economist Donald Grimes and Lou Glazer, president of Ann Arbor-based think tank, Michigan Future, Inc.>>Read more.
Despite recent job gains, prosperity eludes Michigan
Detroit News
November 24, 2015
Michigan may be gaining jobs faster than much of the rest of the nation, but those new jobs aren’t making the state a prosperous place to live, according to a study released Monday. The latest report from the nonprofit Michigan Future Inc. finds that while Michigan added jobs at a fast enough pace between 2010 and 2014 to be ranked seventh-best in the nation, it remained mired in the bottom third of states ranked by per capita income, which ranged from 35th worst in the national to 38th worst. Michigan also ranks near the bottom in the proportion of adults who work, ranking 42nd in the number of 25-64 old residents with a job. >>Read more.
Stateside for Tuesday, November 24, 2015
Michigan Radio
November 24, 2015
How well is Michigan making the transition from a roll-up-your-sleeves manufacturing economy to a knowledge-based service economy? Lou Glazer from Michigan Future Inc. has the verdict. >>Read more.
Report: Michigan Needs to Create More Jobs In Knowledge-Based Service Industries
Detroit Business
December 2, 2015
While Michigan is one of the nation’s leaders in job creation, it is considered a low-prosperity state, with both a subpar proportion of jobs in knowledge-based services and number of adults with a four-year degree or more, says a new report by Michigan Future Inc. in Ann Arbor. >>Read more.
Poverty up in third of Detroit area communities
The Detroit News
December 3, 2015
Metro Detroit continues to stagger through its recovery from the Great Recession, even as auto sales soar to a record and the state jobless rate plummets. The pain lingers not just in the region’s biggest cities, but also in some of its smallest suburbs, where household incomes are stagnant, if not smaller, and poverty is creeping up. >>Read more.
