New Geography reports:
Looking at average annual pay, the small vehicle sector in Minnesota leads the way - jobs there average over $100,000. At well over $90k per job in Michigan, you can see what the rapid decline in automaking has contributed to the evisceration of the state economy. In the top four highest paying states - where workers make more than $90,000 on average per year - automakers have cut more than one third of the jobs in those states since 2001.
So while the failures of major automakers would send ripples throughout the North American industrial economy, what we are really contemplating here is doling out support for the declining states of Michigan and Ohio.
