With an estimated 5-7,000 jobs lost in Sioux Falls since last October and the possibility of John Morrell’s closing, more layoffs could really put the Sioux Falls economy in a downward spiral;
But, South Dakota Governor Mike Rounds says part of the new law could actually hurt the state’s credit card industry, and could potentially cost South Dakota thousands of jobs.
“I’m concerned, first of all, in terms of jobs in South Dakota, we may find 3,000 people without a job if this gets to be as bad as some have suggested,†Rounds said.
Add that to 3,000 from Morrells and the other layoffs and you are looking at 6,000 jobs lost within a few months. Not good at all. I’m not an economist, but I am also not a dummy, this will suck, big time. You might see Sioux Falls actually decreasing in population for the first time in decades.
I guess we should be glad we are rated 4th in the nation for fast food joints, the dollar menu at Mickey D’s is looking better everyday.