The Midwest’s decline occurred several years before any signs of the Great Recession, without recovering any faster or at any greater magnitude than the rest of the country. This “Midwest Great Pre-cession” has come to define the region’s changing and struggling economy where work is generally available, yet good jobs that pay middle class wages have become increasingly scarce.
Far too often, corporate management and shareholders abide by the philosophy of short-termism, and often at the expense of long-term investments.
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