"The Detroit, Michigan drop-out rate among black males is 50%, the Detroit unemployment rate among black males is 50%" (Kill 145). This demonstrates that education is very important when considering unemployment rates and that the auto industry is, to a certain degree, not the only institution responsible for the critical conditions currently faced by individuals in Michigan.
Although it is difficult to determine what other factors are responsible for the high unemployment rates in Michigan in the recent years, it is only safe to assume that the fact that the collapse of the automotive industry in the state is one of the principal causes for the crisis. What is curious about this is that other states that have automotive industries have experienced lesser problems as a result of the fact that American car sales have gone down. Michigan "is still by far the leading state in terms of auto industry employment, but experienced a decline of at least 125,000 employees between 1979 and 2003 in automotive-related industries" (Cooney & Yacobucci 54).
Michigan started to provide lesser and lesser jobs in the automotive industry long before the economic crisis. Taking this into account, it appears that the decline in American car sales and the economic crisis are not the only factors responsible for the fact that unemployment rates have gone...
Rather than being idle and receiving public benefit, individuals of working age typically prefer completing useful work. Mark P. Altieri, an associate professor of accounting at Kent State University, Kent, Ohio, and Jason A. Rothman, (2006), an associate at Wickens, Herzer, Panza, Cook and Batista, note a number of enhancements to WOTC in the article, "Surviving Katrina: Tax breaks for victims of the costliest catastrophe in American history." According to
At the core of the economic argument is Schumpeter's theory of creative destruction. In his seminal economic work, Capitalism, Socialism and Democracy, Schumpeter (1942) argued that innovation is the process by which economic growth occurs. At times, this means that old, established technologies and companies must be destroyed, but that the net effect will be beneficial. This sentiment runs counter to the theory that the economy would be better
The reason this is relevant is the idea of "nexus and apportionment." Michigan deems a taxpayer to have "nexus" in the state if they are physically present in the state for more than one day, actively solicit sales in Michigan and thus have more than $350,000 in sales and have ownership in a flow-through entity that has presence in Michigan. Amstel easily qualifies on all three accounts and this means
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now