job creation

You may have never heard of Joseph Schumpeter, an eccentric Austrian economist who taught at Harvard in the 1930s and '40s. But to those of us who study the strategic and financial dynamics of innovation, he is far more influential than his peers John Maynard Keynes or Milton Friedman. Schumpeter is the guy who made the entrepreneur the engine of growth for an economy, and several Nobel Laureates since have suggested that he was right on most counts.

Michigan Municipal League / Flickr

We are hearing it a lot this election cycle: Gov. Rick Snyder says he's created 300,000 private-sector jobs. His Democratic opponent, Mark Schauer, promises he will create more and better-paying jobs if he's elected.

But cutting through the campaign promises, what role does a governor really have in creating and keeping jobs for Michigan?

Michigan Radio's Lester Graham asks that question in his latest report for Michigan Watch, and Donald Grimes is with the University of Michigan’s Institute for Research on Labor, Employment and the Economy.

Dave Pinter / Flickr

It’s been a big week for Michigan’s auto industry.

A report from Business Leaders for Michigan revealed a plan to bring 100,000 automotive jobs to the sector. And General Motors announced the next CEO of the company will be Mary Barra. She’ll be the first female CEO in the car industry.

Daniel Howes, a business columnist from The Detroit News, talks with us about this week’s announcements.

Listen to the full interview above.

Matthileo / Flickr

This week in Michigan politics, Jack Lessenberry and Emily Fox discuss the state of Medicaid expansion in the Michigan Senate, Governor Snyder's trade mission to Israel, and the political future of Mike Duggan in Detroit.