22 min listen
GM Strike, State Budget Impasse Could Tip Michigan Into A Recession
FromDaily Detroit
ratings:
Length:
19 minutes
Released:
Sep 25, 2019
Format:
Podcast episode
Description
The United Auto Workers strike against GM over a lack of a new contract has dragged on into a second week. Meanwhile, the negotiations over the state budget are going down to the wire ahead of the start of the new fiscal year on Oct. 1, and the prospects of enacting a budget and avoiding a state government shutdown don’t appear bright. The combination of those two storylines isn’t good news for Michigan’s economy. On today’s show, we hear from Charles Ballard, an economics professor at Michigan State University who has written extensively about the state’s economy. Ballard says the economics of a prolonged GM strike, coupled with a state government shutdown, would particularly hurt the Lansing region, which has a GM plant and is the state capitol. And it could definitely push Michigan back into recession for the first time in a decade. And Michigan’s economy hasn’t been doing all that great to begin with, Ballard says, with a major slowdown in the number of jobs created since 2017, and any economic gains mostly flowing to the top earners. Have a listen in the player above. Thanks for listening to Daily Detroit. If you like what you’re hearing, tell a friend about us, leave us a review and subscribe on Apple Podcasts, or support us by becoming a Patreon member.
Released:
Sep 25, 2019
Format:
Podcast episode
Titles in the series (100)
Detroit Earthquake, Chief Craig Car Cruise, Nathan Bomey's New Book "After The Fact" & More: Here’s your Daily Detroit News Byte For Thursday, April 19th, 2018. An Earthquake Hit Metro Detroit Thursday We have new numbers for SMART’s FAST bus service. You too could car cruise with Detroit Police Chief James Craig Lyft is going green and... by Daily Detroit