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I keep thinking . . . if we have 60,000 or so folks without jobs here in Charlotte . . . where are they suddenly going to find jobs? Or even slowly find jobs? Jobs have to be created/opened . . . so where are we gonna find these thousands of jobs?
Pls correct me if I'm wrong... These days when people here are stuggling to find a job, there are still temporary worjing visas for IT indian people to come and work for BOA and WF ?
Lets "all" face some very grim facts. The American economy is just barely on "life support" and every metropolitan region in this country is suffering through the loss of industries, unemployment and a tax base that is in free fall. Columbus, where I presently reside is known as a "recession proof" metropolis.
Now, I can say unequivocally that we in Columbus are suffering right along with Charlotte and many other urban areas in the U.S.
However, Columbus does have a slight advantage during this turbulent period of time. The city has long been recognized for having a very diverse economic base, which is one of the reasons for the ongoing growth and prosperity that is being witnessed in central Ohio.
Columbus was never a city that relied heavily on one major industry, as is the example with Charlotte and many other cities.
Charlottes demise has been it's focus and reliance upon the banking giants that had established their headquarters there. ( Bank Of America & Wachovia ) The same exact scenario was played out in Detroit, Flint & Cleveland with the ongoing demise of the U.S. auto industry.
With the banking "meltdown" of 2008 / 2009, I think that Charlotte may have a longer road to
attaining a full recovery.
Cities like Columbus are "arguably" in better standing due to a long standing and more diversified economic base.
It seems that Dallas, and the other cities of the Lone Star state are the only regions that are still
holding up very well during this ongoing crisis.
I hope the best for all of our cities ... it's going to take time to "turn the corner" again.
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