GM Plant closings & effect on industry
Recent news is that 2 GM plants in Detroit are closing -- this will also have a trickle down effect. Could some Chrysler & Ford plants in Michigan close too? Is the plant off 8 mile road a Chrysler or GM plant?
I have found the blue collar guys with better paying jobs (construction, high-end factory, truck driver) tend to be the best spenders in the club. Of course guys with $100 k plus jobs can spend good but that's 5-7% of the population & probably 2-3% in the upper Midwest outside of Chicago.
I just see a lot of clubs failing in upcoming years.
RE: GM Plant closings & effect on industry
[QUOTE=Rainman5000;4040597]Recent news is that 2 GM plants in Detroit are closing -- this will also have a trickle down effect. Could some Chrysler & Ford plants in Michigan close too? Is the plant off 8 mile road a Chrysler or GM plant?
I have found the blue collar guys with better paying jobs (construction, high-end factory, truck driver) tend to be the best spenders in the club. Of course guys with $100 k plus jobs can spend good but that's 5-7% of the population & probably 2-3% in the upper Midwest outside of Chicago.
I just see a lot of clubs failing in upcoming years.[/QUOTE]I'd have to agree with you. Somebody else mentioned the clubs survived the Great Recession of 2009 but didn't GM get a huge bailout for that? That means lots of autoworkers still had steady paychecks. Those days are over, and also remember how many support industries are going to take a major hit once the factories shut down. Truckers, machinists, warehousers, etc all those guys will lose jobs too. Most of those people aren't going to stick around Detroit and get Walmart jobs.
My guess is that some of the cheaper, blue-collar clubs will close. The ritzier clubs will be able to stay open because of the horny doctors and dentists in the area still pulling down a nice salary, not to mention all the businessmen coming into town looking for a fancy club to hang out at.