Contributors
Founder and Chair – LMFC
Vice Chair – LMFC
President and CEO – The Bank of Northern Michigan
SVP of Shared Services - LMFC
Senior Vice President, Traverse City Market Manager

Hear from the founder of Lake Michigan Financial Corporation, Rich Lievense, and his insight on what this blog encompasses.

Apple’s experience shows why jobs are flowing to China and the commitments they need to make in order to earn this work.  I am not sure we are ready to go back to the days of company employee dormitories and 12 hour, 6 day a week jobs but this certainly explains the current world wide electronic device manufacturing business.

Read "Apple, America and a Squeezed Middle Class" from The New York Times.

This article provides the best review of being in manufacturing and competing in a world market.  It is an excellent piece that puts a human face on the topic.

Read "Making it In America" from The Atlantic.

For a century, the American economy has introduced many of the world’s most innovative products.  This innovation has led to a standard of living for our country that is unsurpassed in the world.  There are those who feel this innovation will be led by China in the future.  This article discussed this important topic.  The Great Stagnation

Read "Will China Outsmart the U.S.?" from The New York Times.

If you are interested in reading further about this topic, we have recently read a short book that presents the importance of innovation for our economy.   The book is Tyler Cowen’s The Great Stagnation.  I would highly recommend it.
 

Find "The Great Stagnation" by Tyler Cowen on Amazon.

Manufacturing is alive and well in the United States.  It is, however, changing rapidly to adapt to new market realities.  This message is very consistent with what our local successful manufacturing clients are telling us. 

Read "Is Manufacturing Falling Off the Radar?" from The New York Times.

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