In Detroit, Hard Times…Even for the Wealthy

Today’s New York Times has a story on how the auto-industry downturn and layoffs have even impacted some of Detroit’s wealthiest suburbs.

“Grosse Pointe’s clubby culture always seemed solid,” the author writes. “But now, as the industry lays off its white-collar workers in greater numbers, the suburb is suffering and residents seem surprised — and maybe even a little angry.”

On the one hand, it’s hard to feel sorry for a group of people who are clearly so wealthy, especially when so many others clearly have it a lot worse.

But I guess I wanted to put this article up because it shows just how severe the problems in our economy, in the auto industry, and in Michigan are.

-KG

1 Comment

Filed under U.S. Auto Industry

One response to “In Detroit, Hard Times…Even for the Wealthy

  1. Trent

    It’s hard to feel sorry for anyone from Detroit’s suburbs. They let their central city go to hell by moving out to the fringes – let them see what it feels like.

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