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Old 04-20-2011, 11:29 AM
 
2,217 posts, read 4,267,078 times
Reputation: 553

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Miami-Dade may be new U.S. recession poster child when it comes to jobs - Economy & Banking - MiamiHerald.com (http://www.miamiherald.com/2011/04/19/2175571/for-jobless-in-detroit-it-could.html - broken link)
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Old 04-20-2011, 11:50 AM
 
Location: South FL
5,528 posts, read 7,493,477 times
Reputation: 3582
Quote:
DRSTRANGELOVE
Sand bagged by the Federal Reserve Bank, six big US Banks and the false shadow economy better known as the "boom & bust" machine for the super rich, to steal, by pushing the middleclass over the edge! Then swallow up pennies on the dollar. It amazes me how people let that bailout scam go through, rewarding the same crooks with free billions for the mess they created!
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Old 04-20-2011, 04:31 PM
 
1,946 posts, read 5,384,982 times
Reputation: 861
It's not just the unemployment that makes Detroit the poster child for dying city. Even so, sucks that Miami's unemployment is this bad.
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Old 04-20-2011, 04:48 PM
 
Location: Miami, FL
769 posts, read 1,731,137 times
Reputation: 623
Bear in mind that the only reason why Detroit's unemployment has gone down is the massive migration out of the city. Miami-Dade's population is growing too fast for the number of jobs to keep up. Detroit's only went down because most of the unemployed left...
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Old 04-20-2011, 06:31 PM
 
Location: Miami
609 posts, read 1,139,585 times
Reputation: 272
So I'm assuming that may happen here soon.
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Old 04-20-2011, 07:03 PM
 
Location: Viña del Mar, Chile
16,391 posts, read 30,931,772 times
Reputation: 16643
You guys seriously trying to compare miami to detroit? What a joke.
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Old 04-20-2011, 07:31 PM
 
Location: South FL
5,528 posts, read 7,493,477 times
Reputation: 3582
LOL @ comparing that shithole to Miami..
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Old 04-21-2011, 12:27 AM
 
Location: Seattle, WA
2,975 posts, read 4,940,440 times
Reputation: 1227
You know we're in trouble...when McDonalds announces they're hiring 200 people, presumably near minimum wage, and there are tens of applicants per position. And have you noticed how few of the supermarket clerks are teenagers and retired folks nowadays?
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Old 04-21-2011, 07:41 AM
 
Location: Delray Beach
911 posts, read 1,713,547 times
Reputation: 402
Lovely!
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Old 04-21-2011, 07:58 AM
 
Location: Heartland Florida
9,324 posts, read 26,749,371 times
Reputation: 5038
Miami area residents live in a sort of dream world. I have a friend who lives in a suburb of Detroit and he tells me like it really is. Regulations and high taxes chased businesses out of the city, and that has been going on for a while. High real estate costs and property taxes chased some of south Florida's best out over the last 10 years. Today we have the lowest common denominators. The real estate market here was bid up to bubble status by drug money, and most property owners remain with the mindset that high prices are normal for the area. Once we hit depression I see drug prohibition becoming too expensive and being abandoned. If drugs are legalized it will eliminate the profit motive and stop the flow of cash to Miami. It will then be one hurricane away from being subtropical Detroit.

Now my friend in Detroit is in the online auto parts business. He has thrived in that city due to low real estate costs and has a growing business. Far from being hostile to business like Miami-Dade county is, he has gotten all kinds of assistance for his enterprise. Meanwhile in Miami the select few come to the city for the handful of six figure jobs while the masses fight for under 15 dollar an hour positions. People here are mesmerized by the hot sun and horrible humid weather into having the initial sunny outlook. However, just like a desert burns the weary traveler Miami's high rents, high regulations and hoardes of competition for jobs leave most to perish in the sand.
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