Detroit Economic Club: The Future of US Steal and Economy

Trying to understand the economy and the underlying factors that drive long-term growth requires looking at some of the core inputs that support economic activity. Steel is a good example, as many industries depend on it directly or indirectly. The same can be said for digital technologies, infrastructure, and other foundational sectors that enable innovation and productivity across the economy.

(Illustrative Only)

Mining in the UP could
make a come back. 
Places like Escanaba
have a Port that
could be further developed
and a budding ship
repair/building potential.

Pondering the possibilities of 
the future. 

Visit Escanaba.

and

Pictures of Escanaba
Ore Dock-Delta
County Historical
Society

When we invest in strong industries that support many other industries, those investments often create long-term benefits that extend far beyond the initial impact. At the same time, we need to be strategic. It does not make sense to continually support industries that are unable to compete, but it does make sense to help industries become more competitive. That requires ongoing innovation, improved efficiency, lower costs, higher quality, and a commitment to continuous development.

These goals are achievable if we remain focused on strengthening the foundations of the economy and reorienting investments toward opportunities that are emerging in the digital era. Building competitive industries today can create significant economic advantages in the future.

While searching for a newer video on this topic, I came across a presentation from the Detroit Economic Club. The organization is well known for hosting influential speakers and discussions on business and economic issues. Although this was not the newest presentation available, I found it worthwhile. I uploaded the transcript for analysis and summarization, and the results are provided below.

• The Nippon Steel Deal Revival & Oval Office Insight: After President Biden originally killed the deal based on political and labor pressures, U.S. Steel successfully lobbied President Trump to study the transaction. This ultimately led to a massive, renegotiated $14 billion investment from Nippon Steel.

• The "Golden Share" Structure: To preserve U.S. Steel's national legacy and identity, the deal includes a "Golden Share" mechanism that grants the U.S. President veto power over material corporate choices, such as changing the iconic company name, shifting headquarters out of Pittsburgh, or idling facilities.

• The "Best of Both" Production Strategy: U.S. Steel is leveraging a dual footprint that pairs legacy, unionized "integrated mills" (which refine raw materials to produce high-end automotive steel) with highly efficient, low-carbon electric arc "mini-mills" (which recycle scrap steel into milder products).

• U.S. Energy Independence & Advantage: The massive shift toward electric arc mini-mills in the United States (comprising 70% of the domestic market) is structurally supported by robust U.S. energy independence, giving the domestic industry a sharp cost and productivity advantage over European and Asian competitors facing high energy prices.

• National Security & Global Trade Defenses: Steel remains a vital national security industry. Strict 232 and 301 tariff barriers are actively used to protect the domestic market from massive Chinese overcapacity (representing over a billion tons globally) and indirect route-dumping through other nations.

VA Funded Projects 2026: Supporting Veterans Through Research, Recovery, and Opportunity

Supporting our veterans is an important responsibility. They have served their nation, protected our freedoms, and often possess a deep understanding of the sacrifices required to preserve those freedoms. As a society, we should continue to invest in programs and research that help veterans maximize their opportunities, recover from injuries, and maintain a high quality of life.

The FY 2026 U.S. Department of Veterans Affairs research portfolio highlights ongoing efforts to address many of the challenges veterans face. Funded projects focus on critical health issues such as chronic pain, mental health, rehabilitation, traumatic injuries, cancer, cardiovascular disease, and other long-term health conditions. The goal is not only to advance scientific knowledge but also to translate research findings into practical improvements that enhance veterans' daily lives and health outcomes.

Supporting veteran research helps drive innovation in healthcare while honoring the service of those who have served our country. Equally important is supporting the employment of veterans, recognizing the leadership, discipline, resilience, and experience they bring to the workforce. By investing in research and creating opportunities for meaningful employment, we can help ensure that veterans receive the support and recognition they have earned.

U.S. Department of Veterans Affairs FY 2026 Funded Research Projects: Advancing Veteran Health and Well-Being

• The U.S. Department of Veterans Affairs (VA) is funding hundreds of research projects in FY 2026 that address critical health challenges affecting veterans, including cardiovascular disease, cancer, diabetes, traumatic brain injury (TBI), mental health conditions, chronic pain, rehabilitation, and aging-related health concerns.
• Several large-scale clinical trials focus on improving treatment outcomes and disease prevention, including studies on lung cancer screening, liver cancer detection, cardiovascular health, diabetic complications, kidney disease, and musculoskeletal disorders.
• Mental health and suicide prevention remain major priorities, with funded projects examining PTSD treatment, sleep disorders, peer-support interventions, cognitive rehabilitation, recovery-focused suicide prevention programs, and technology-enabled mental health care solutions.
• Rehabilitation and disability research receive substantial support through studies on prosthetics, spinal cord injuries, stroke recovery, mobility enhancement, chronic pain management, neuroplasticity, telehealth rehabilitation, and functional recovery interventions designed to improve quality of life for veterans.
• The VA continues to invest in innovation through specialized research centers and emerging technologies, including precision medicine, artificial intelligence, data analytics, biomedical engineering, advanced prosthetics, neuroscience, and personalized approaches to veteran healthcare.

U.S. Department of Veterans Affairs, Office of Research and Development. (2026). FY 2026 VA-funded projects. U.S. Department of Veterans Affairs. https://www.research.va.gov/about/funded_research/projects-FY2026.cfm

Employment Projections 2024–2034: Trends and Skill Development

The January 2026 employment projections for 2024–2034 help highlight several important long-term workforce and economic trends. While the report was released a few months ago, its value lies in examining broader patterns that extend over an entire decade. Short-term economic fluctuations are unlikely to significantly alter the overall direction of these trends.

One key finding is that employment growth is expected to continue, although at a slower pace than in previous decades. As the population ages, demand for healthcare services, social assistance, and related occupations is expected to increase substantially. At the same time, the economy is becoming increasingly technology- and science-oriented, creating new opportunities in fields such as information technology, engineering, data analytics, and research.

Artificial intelligence is also expected to play a significant role in reshaping the workforce. While some tasks and occupations may become automated, AI is likely to create new opportunities for workers who can develop, manage, and effectively use emerging technologies. In addition, continued growth in digital commerce and digital business operations will increase demand for workers with technology, cybersecurity, logistics, and digital communication skills. Some workers might be able to stay in the workforce longer and delay retirement.

For employees, these projections reinforce the importance of continuous learning and professional development. Building technical skills, strengthening problem-solving capabilities, and remaining adaptable to changing workplace technologies will be critical for long-term career success. For businesses, investing in employee development and workforce training will remain an important strategy for maintaining competitiveness in an increasingly technology-driven economy.

 (We been discussing on this blog human capital development as a necessary component that maximizes the benefits of new technologies. They call this a type of economic synergy. You can measure how they intererelate. In theory.)

BLS Employment Projections 2024–2034: Healthcare, Technology, and the Future of Work

• The U.S. labor market is projected to grow by 3.1% between 2024 and 2034, adding approximately 5.2 million jobs, increasing total employment from 170.0 million to 175.2 million. Growth is expected to be slower than the previous decade because of demographic trends, including an aging population and slower labor force growth.
• The healthcare and social assistance sector is projected to experience the largest employment gains, adding nearly 2 million jobs. Demand for healthcare services, long-term care, mental health services, and home-based care will be driven largely by population aging and increasing rates of chronic disease.
• Professional, scientific, and technical services are expected to be among the fastest-growing sectors, adding more than 800,000 jobs. Strong demand for consulting, information technology, research, and business services will support employment growth across these industries.
• Artificial intelligence (AI) is expected to reshape employment patterns by increasing productivity and reducing labor demand in some occupations, particularly administrative support, sales, and certain design-related fields. At the same time, AI is expected to create demand for workers involved in developing, implementing, and supporting AI technologies.
• Growth in e-commerce and digital technologies is expected to increase employment in transportation, warehousing, logistics, software publishing, cloud computing, cybersecurity, and related technology occupations, while retail trade employment is projected to decline.

Rieley, M. J., & Colato, J. (2026, January). Industry and occupational employment projections overview and highlights, 2024–34. Monthly Labor Review, U.S. Bureau of Labor Statistics. https://doi.org/10.21916/mlr.2026.1

2026 Global Talent Barometer: The Strategic Importance of Human Capital in a Technology-Driven Economy (Thor Axes)

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Lumberjacks training on 
use of Thor AI Axes
somewhere out in
Rapid River (just kidding).
 🙃

Technology and human
capital can enhance 
each other. 

Human Capital Economy

Economy Social Motivation

Economic Systems and Needs

Global talent is a critical driver of both business success and economic prosperity. As discussed previously, enhancing human capital through education, skills development, scientific advancement, innovation, and broader societal development is essential for long-term growth. Emerging technologies are creating new opportunities to improve individual capabilities and workforce performance, enabling people to develop skills more efficiently and adapt to changing economic demands. These advancements can translate into stronger economic outcomes at both the individual and organizational levels, ultimately contributing to greater productivity, innovation, revenue generation, competitiveness, and the creation of valuable products and services that support overall economic development.

2026 Global Talent Barometer: AI Adoption, Worker Confidence, and Workplace Well-Being

• The global Talent Barometer score declined to 67% in 2026, driven primarily by a decrease in worker confidence, while well-being and job satisfaction remained relatively stable.

• Worker stress and burnout remain significant concerns. Nearly half of workers reported high daily stress, and two-thirds indicated they had recently experienced burnout, most commonly due to stress and excessive workloads.

• AI adoption increased substantially, with 45% of workers regularly using AI at work, up 13% from the previous year. However, confidence in using AI and emerging technologies declined, contributing to an 18% drop in overall worker confidence.

• Most employees (64%) intend to remain with their current employer, yet 60% are actively seeking new opportunities. At the same time, 50% of workers reported supplementing their income through investments, part-time work, or freelance activities.

• Organizations face growing pressure to address AI-related skill gaps. More than half of workers reported receiving no recent training or mentoring, suggesting that increased workforce development efforts are needed to restore confidence and support future productivity gains.

ManpowerGroup. (2026). Global Talent Barometer 2026 report and key findings. ManpowerGroup. https://www.manpowergroup.com/en/insights/global-talent-barometer-2026-report-and-key-findings

Equestrian Sports, Fitness, and Rider-Horse Performance

 Horse riding is an activity that requires both fitness and skill. Riders need balance, flexibility, coordination, and core strength to perform well and remain comfortable in the saddle. Like many sports, the more you ride, the better you become. Over time, riders develop significant muscle memory, allowing them to communicate more effectively with their horses and react naturally to movement.

The equestrian industry also creates a strong sense of community. In Delta County, Michigan, there are many smaller farms and rural properties that are well suited for raising, training, and keeping horses. The local equestrian community is active, with riders participating in events, competitions, and social gatherings throughout the area. Many horse owners know one another and share a passion for the sport and lifestyle.

As a licensed fitness trainer and yoga instructor, I can help riders improve their core strength, flexibility, balance, and overall fitness to support their equestrian goals. If you are interested in developing a fitness program tailored to riding, feel free to send a message.

If you are considering starting a horse operation or looking for property suitable for horses, Delta County offers a variety of rural properties that may be worth exploring.

A Narrative Review of Factors Influencing Rider Performance and Horse Welfare in Equestrian Activities

• The review examines the unique partnership between horse and rider, emphasizing that successful equestrian performance depends on the interaction of two athletes with different physical and psychological needs.
• Rider characteristics such as physical fitness, balance, posture, coordination, strength, and psychological preparedness can significantly affect both competitive outcomes and horse welfare.
• Effective communication between horse and rider is essential. The quality of cues, training methods, and mutual trust influences performance, safety, and the well-being of the horse.
• The review highlights that poor riding techniques, inadequate fitness, or inappropriate training approaches may negatively impact horse health, stress levels, and overall welfare.
• The authors conclude that future research should adopt a more integrated approach that considers both rider-centered and horse-centered factors to improve performance while promoting ethical treatment and welfare standards in equestrian sports.

Balog, O., Havanecz, K., Csányi, T., Ökrös, C., Tóth, L., & Berki, T. (2025). A narrative review of factors influencing rider performance and horse welfare in equestrian activities. Frontiers in Sports and Active Living, 7, Article 1744918. https://doi.org/10.3389/fspor.2025.1744918

Music Mondays Escanaba

 Music Mondays Escanaba. 

Manufacturing, Innovation, and the Future of U.S. Economic Growth (Industrial Production May 2026)

 Industrial output and the ability of the United States to manufacture and create products are essential to long-term economic health. Encouraging small, medium, and large manufacturers to innovate and develop new products and services that can be sold globally helps strengthen the economy and create quality jobs. It doesn't happen overnight but it can with focus.

For many years, companies often moved production overseas to reduce costs. While global trade remains important, it would be beneficial to see greater investment in domestic manufacturing and local communities. Expanding production within the United States can help increase economic output, strengthen supply chains, and support long-term economic development.

(PS I got a great little town in mind if you want to invest in expanding your operations.)

According to the latest industrial production report, there is still some unused manufacturing capacity in the economy, while overall industrial production increased modestly. Industries such as motor vehicles, electronics, and semiconductors posted gains, while other sectors experienced declines. This highlights the importance of economic diversification. Producing goods and services across multiple industries helps reduce risk when one sector slows, allowing growth in other sectors to help offset losses. This strategy is often referred to as hedging (In the economic cluster concept you can build a hedged cluster in theory.).

Mining production also increased, which could be encouraging for regions such as Michigan's Upper Peninsula. Rising demand for metals and critical minerals may create opportunities for renewed investment in mining operations and related industries. While some mines have remained closed for years, growing interest in domestic resource development could potentially support future economic activity.

Industrial output also benefited from continued investment in artificial intelligence and related technologies. While the impact may not yet be as large as some anticipated, many emerging technologies are still in the early stages of adoption. Their full effect on productivity, manufacturing efficiency, and economic growth may take time to materialize. For now, the report suggests steady progress, and it will be interesting to see how these trends develop in the years ahead.

U.S. Industrial Production Shows Modest Growth in May 2026

• Total industrial production increased 0.1% in May 2026 following a stronger 0.9% gain in April, indicating continued but slower growth in the industrial sector. Manufacturing output was unchanged during the month.

• Manufacturing performance was mixed. Gains in motor vehicles, electronics, semiconductors, and other technology-related industries were largely offset by declines in several nondurable goods industries. Strong investment in artificial intelligence-related technologies continued to support high-tech manufacturing.

• Mining production increased 1.3%, helped by a rebound in oil and gas drilling activity, while utility production declined 0.4% after a strong increase in the previous month.

• Capacity utilization for the industrial sector rose slightly to 76.2%, remaining below its long-run historical average. Manufacturing capacity utilization held steady at 75.7%, suggesting there is still unused productive capacity in the economy.

• Industrial output was 1.7% higher than a year earlier. Economists noted that artificial intelligence investment, business equipment spending, and a potential improvement in global supply conditions may support manufacturing activity in the months ahead.

Board of Governors of the Federal Reserve System. (2026, June 15). Industrial production and capacity utilization: G.17 statistical release. Federal Reserve. https://www.federalreserve.gov/releases/g17/current/default.htm