The Guest Editorial by Dr. Anthony Vennero in the Utica OD over the weekend, "Nanotech center might not be our economic panacea," should be a cold and bracing dose of reality to all of our regional leaders, both elected and non-elected.
In a nutshell, Dr. Vennero cites numbers from the Bureau of Labor Statistics to show that even if the rosy projections of job growth from nano are met, they will not even bring the region back to the number of jobs held in 2009! Worse, Dr. Vennero describes the formidable competition our region has in the nanotech field, suggesting that the promise of virtually guaranteed (taxpayer-subsidized) jobs may be empty. Additionally, Dr. Vennero cites demographic information to show that our population downtrend, with negative economic consequences, will continue.
None of this is new to long-time readers of this blog as similar things have been said here for many years. What is new is that we now read about this in the local media.
Perhaps this is because the regional elite know that the situation has become so dire that it can no longer be hidden, and they wish to prepare us for the worst.
Now . . . What should be done with this information?