Michigan’s Transition to a Knowledge-Based Economy

 

Michigan Future’s second annual report on Michigan’s transition to a knowledge-based economy, published last fall, shows acceleration of trends spotted in earlier reports. From when the recession began in December 2007 through January 2009, low education attainment industries (primarily manufacturing, construction, retail and hospitality) have suffered job losses of 3,735,000, while the high education attainment industries have added 163,000 jobs. (High education attainment industries didn’t peak until August 2008 and have since lost 247,000 jobs.)

“What made Michigan prosperous in the past is no longer a path to prosperity,” writes Lou Glazer, author of the report and Michigan Future president. “The knowledge-based economy is now the path to prosperity for Michigan.”

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Click here for Executive Summary
Click here for Presentation