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Rising above the Gathering Storm, Revisited: Rapidly Approaching Category 5
We live in a time of enormous change—“creative destruction”—a time when new innovations drive out old jobs but create new ones. In the Michigan auto industry, employment plummeted from 460,000 in 1970 to 98,000 today … all while jobs derived from efforts in Silicon Valley grew.49 A nation that does not embrace innovation will soon be left behind in the 21st century economy.
M. Guarino, Rising Auto Sales Could Rescue Michigan, Big Three, The ChristianScienceMonitor, March 25, 2010.