Some are horrified at Delphi's shutdown, for obvious reasons, I might add: in the short term, this means up to 3.000 jobs, which for a region like the Industry Belt, is definitely a harsh hit to face. I'm frankly unconfident about the States capacity to absorb so much unemployment, specially considering States like Ohio, Michigan or Illinois have industry-based economies, and have already a wide percentage of long-term unemployment.
Of course, Mr. Michael Moore will profit, again, of the situation only to critic the Bush administration. A man that, when the Clinton affaire broke out, was busy packing Washington DC with actors representing "puritans" and tormeting Kenneth Starr. That's what you can call "non-biased information".
But the key of rebuilding the American economy does not lie on protesting on how bad it's the situation, but instead to fight back, specially where America can win. And that's the sector of agriculture, that requires very little people to work on it, and new technologies.
Agriculture, that shouldn't be toughed up with subventions and all. In a global world, a global market for global products is needed, and crops should be the key commodity there.
New technologies, specially to compete with Japan and Europe, who are absolutely taking over. Not in a bad way, because it's good to have diversity in the market, but what measures your economy's health is the commercial balance. In America, the risk is still great for it.
The point is that those workers will have to re-adapt, maybe even move away from the Industry Belt to have a chance to have a job. You'll be fine the U.S. is a country where moving and changing home is easier than in Europe. But time only will tell.
Saturday, October 22, 2005
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