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Energy Crisis: Who Are the Big Losers? |
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The center of the American auto industry ranks dead last, No. 66, on our big cities list. The Motor City’s legacy as headquarters town for the former Big Three is now its biggest headache. It’s not just factory workers being hurt here; Detroit is where much of the technical, manufacturing, and design talent base of the U.S. auto industry resides. It’s also where ad agencies, law firms, and other high-end business service providers to the industry cluster. All have taken big hits over the last few years, which has led to increased out-migration, high rates of foreclosure, and a deteriorating fiscal situation. |
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