Out with the Old, in with the new
Detroit's suburbs, and cities across the country
, have either disappeared entirely or have become almost ghost towns when their major employers move or close down. This consequence makes no sense.
A city is made up of a community focus and people with and different/multiple skills. When the major employer leaves, the normal thing to do is seek an external replacement--a new employer. That approach does not make much sense as those employers are usually successful and happy where they are and have often made capital improvements that should not be abandoned.
A super way to "bring back to life" any city would be for those remaining to decide what they like to do best and offer same as entrepreneurs and/or as less expensive competitors to larger companies.
For more specific examples; a cannery is closed down when shrimp is no longer plentiful enough to can. That same city's cannery can be used to can fruit and vegetables at negligible cost since the cannery equipment, the most expensive component, is still there. This new enterprise can now offer canned food at half that of the major competitors. [If bringing in the produce becomes expensive, it is logical and feasible to grow the produce locally]
Also, one way to quickly find out what to sell can be based on what the community likes to eat and offer same to the community at bare cost!
Perhaps the previous major employer was involved in electronics manufacturing; TVs, radios, etc. America wants inexpensive phones and cell service. America also wants printer ink pots that retail about $5.00 and use about $.05 worth of ink. The list is endless.
Find out what different markets are selling a lot of and quickly determine at what pricing and benefit to come in at! America wants better, often less expensive, faster, fancier and SOMETIMES, plainer and simpler goods and services. Make it, and make it faster and less expensively. Offer your employees a percentage of the action/equity IN LIEU OF high salaries; for salaries were what sunk the last company! [High salaries require high pricesand we can only easily compete with speed and quality control. Since no nation can give the public the PERFECT combination of price, quality and speed to market.......you have a chance!
Keep in mind within your city that you can and should have, many independent contractors so that you wind up with more companies so that these smaller entrepreneurial enterprises can grow on their own! I could add a myriad of examples on how to do this, but all it really takes is some research and matching of local skills, hardware and "market threat".
I have heard that all TVs and clothes are made "out of country" because the "out there" labor costs are so much lower than those in the U.S. I will not argue the sole cost [one of many expenses businesses must pay to exist] of laborbut I do argue that YOUR labor need NOT cost what it has cost in the past! Union wages, for example, are artificially high compared to the same skill and salary at a competing non-union company. AS long as employees are made part of the company OWNERSHIP from day one, there is no valid reason to pay employees "high wages" which automatically means expenses will be higher than an off- shore company's wages. But when one takes into consideration speed of operation and control over quality plus the ease with which a successful company can grow and expand, staying IN COUNTRY makes sense.
Ford and other Fortune 500 firms, who went "off shore" twenty plus years ago with some of their plants, have found that the sole criteria of lower wages has been more than made up for negatively with poor quality control, delayed delivery and PERHAPS most of all, engineering changes needed to keep up with competitor's changes who are still "IN COUNTRY".
Perhaps 15-25% of all US firms who went "off shore" have returned to manufacture in the U.S. when it was discovered that costs could be reduced in other expense lines that could make up for strictly a labor cost, thus a reduced benefit.
Out with the Old, in with the new
By: k. kemper
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