UM: Economy

The Detroit News publishes an opinion piece by UM economist Don Grimes, who argues that the current economic recovery is doing as well as or better than recoveries of the past two recessions: “But it’s time to stop worrying about recessions and recoveries and to begin dealing with the structural problems. We need to address the unsustainable growth in entitlement spending and public employee retirement benefits. We need to figure out how to re-employ the millions of people who used to work in manufacturing, construction, the retail trade, and in restaurants and bars.” [Source]