Reply to Why do UVA and Michigan attract such affluent student bodies?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]One reason U of Mich got so good is that the Detroit area was one of the wealthiest in the world for a while due to the auto industry. And even after the American auto industry sagged in the last 35 yrs of the 20th century, there was/is still a lot of money in the state. There are suburbs of Detroit you wouldn’t believe. [/quote]

I can never figure that out..tons of high level jobs are gone from the Big Three. And suppliers usually have piss poor margins. So where do all the people in Bloomfield Hills or Grosse Pointe work? Or is a lot of it inherited money?  Everybody can't own an insurance company or be a financial advisor.[/quote]

The big 3 are still very big. And they make electric cars now.  Also false that all suppliers make piss poor margins.  Also there are many adjacent industries that depend on the big 3:  ad agencies, trade show vendors, etc.  Everyone in the Detroit area is impacted by the auto industry.  In the western part of the state there are other industries.[/quote]

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