Market Update: We break down the business implications, market impact, and expert insights related to Market Update: The Metro: What today’s economy means for Michigan’s small businesses – Full Analysis.
Michigan’s economy is in flux.
Tariffs have pushed up the cost of some goods. Unemployment has ticked up slightly. Hiring practices are shifting as artificial intelligence tools like ChatGPT become more prevalent in workplaces.
Those changes raise big questions for the state’s more than 900,000 small businesses — and the workers who depend on them. How are owners adapting to rising costs and new technologies? What does this moment feel like on the ground? And what should people be doing now to stay resilient?
To explore those questions, Mark Lee, founder of The Lee Group, sat down with The Metro’s Robyn Vincent. Lee hosts several talk shows and writes about business and the economy for Crain’s Detroit, with a focus on how national trends play out locally.