That's according to an article entitled "The Dark Ages" in The Economist, an international publication.
Michigan's economy may be in shambles right now, and unfortunately, its long-term future doesn't look very bright either.
That's according to an article entitled "The Dark Ages" in The Economist, an international publication.
Last week's issue pointed out that the Michigan economy is struggling and suggested it might be 15 years before the state returns to prosperity.
The car manufacturing industry alone shed 30 percent of its jobs in 2009.
N.M.U. economics professor Tawni Ferrarini said what's especially disturbing is that our per capita income in Michigan is actually falling.
"For the U.P. it means that we need to be concerned; there's probably going to be more jobs lost and/or replaced and we also have to be concerned about what's happening to our state's general fund," said Ferrarini. "As we all know they're shrinking, and of course, that's going to affect anyone who depends on state funds."
Ferrarini also said that problems directly affecting larger companies in Detroit are indirectly affecting people all over the state.
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