Essay --

For decades, America has been the straightaway growing rescue country in the world, and Detroit was one(a) of the most leading populous city in the unify States. Back in 1930, Detroit was the fastest growing city, but now is the fastest shrinking city with more(prenominal) than 100, 000 abandoned homes (Heidi Ewing and Rachel Grady). Similarly, bay ambit economy was the envy of the nation with high employment rates and GDP emergence like Detroit in the 1930s, and is currently suffering from losing jobs, residents, and status. Both Detroit and the request Area are single resource-based industries - where Detroit is manufacturing dominated, and Bay Area is high technology dominated. However, the Bay Area impart not go bankrupt and become a ghost town in fifty twelvemonths, because its high diversities in the stinting opportunities are attracting spate to stay and work here. High educated and quick-witted people is the fundamental for the economic development in the cities. In Detroit, many an otherwise(prenominal) workers in the car industries are either unskilled or piteous skilled workers with only high school diplomas simply because of those works do not need special talents or skills in order to watch the work done. Due to the division of labor, large jobs are breaking polish into many tiny components. Under this regime each worker becomes an smart in one isolated area of production, thus increasing his efficiency (Adam Smith). Detroit was not creating suitable jobs for high educated or professional people to work there therefore, it caused the brain drain. Brain drain by description means the departure of educated or professional people from one country, economic sector, or field for another usually for better soften or living conditions (Merriam Webster Dictionary). This means that high skil... ...cars. According to Nancy Andrews, Christopher Kirkpatrick, and Eric Millikin, Detroit went on a binge starting around 2000 to close budget ho les and to condition infrastructure, more than doubling debt to $8 billion by 2012. Detroit was borrowing money to build these infrastructures that are not capable of doing other things except to build cars therefore, when other countries cars has found out other ways to make cheap cars and to grapple their cars for a cheaper price, Detroit cannot lower their cars prices due to their loans for building the infrastructures. However, the Bay Area will not go bankrupt because it is not in debt. In contrast, the Bay Area is gaining a gross, which the grand total revenue is $6670.6 millions in the year of 2013. In addition, the Bay Area is planning to gain a revenue of $276.92 billions in next twenty eight years (Plan Bay Area).