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Seems to be that local labor markets near the oil extraction centers are seeing the most pressure. I was surprised to see places like Tulsa boasting higher than average wages for low level, semi skilled jobs. Many of those jobs are paying more than in expensive regions in the north.
From what I can tell, the wages are still pretty stagnant in much of the rust belt. Nobody is stealing anybody's easily replaceable worker because there is no big draw for them to leave. Folks are more concerned about keeping their job than finding a better paying one.
The Rust Belt has been like that for ages. I doubt it will ever come back.
Yes, but are things any better in the deep south or southeast? In the Northeast? In California? Seems the wages are going up in select markets. Places like Seattle, or anywhere where the labor market is influenced by the access to oil jobs. Everywhere else and wages are lucky to rise with inflation.
Better economic times? I wouldn't be so sure about that. Have you ever lived through a period of high inflation? That's how it starts, sometimes. The next thing you know, you'll be spending $29.95 for a Big Mac.
Yes, but are things any better in the deep south or southeast? In the Northeast? In California? Seems the wages are going up in select markets. Places like Seattle, or anywhere where the labor market is influenced by the access to oil jobs. Everywhere else and wages are lucky to rise with inflation.
It varies in other areas. Nashville metro has done well coming back, the national ratio 2.6 available labor per opening is about 1.9 in Nashville, while Eastern Tn is > 2.6. Same is true for most neighboring states. The Rust Belt, though, has been in deep trouble for your life, with many areas in it de-populating over that time.
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