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One store, in one location, in one state with a shortage of local workers at a point in time.
Is this a flipping joke?
So how many other stores, and locations, in North Dakota and the country, have this shortage in workers (and increase in demand) that are paying workers more?
Where else in the country are they sitting on 7.4 billion barrels of oil?
Is it reproducible in any other state or county in America?
People making substantially more than $17/ hr are living in their cars in parts of ND due to an extreme housing shortage and sky high rents.
That is their definition of "free market" though..a company can do whatever they want.
Is this what they are teaching in school now ?
Well, the companies in North Dakota are illegally dumping toxic waste. They police themselves. Nice.
Industrial waste from fracking sites is leaving a "legacy of radioactivity" across the country as the drilling boom churns out more and more toxic byproducts with little to no oversight of the disposal process, critics warn. According to a new report in Bloomberg Wednesday, the controversial oil and gas drilling process known as hydraulic fracturing is "spinning off thousands of tons of low-level radioactive trash," which has spawned a "surge" in illegal dumping at hundreds of sites in the U.S.
free market principles, or have you not read previous post ?
That doesn't equate to "letting companies do whatever they want".
I took his original statement as: Wages were forced higher in ND because the supply of labor is low while the demand for labor is high. IOW, the government did not have to mandate a higher wage for the employers to pay a higher wage. The employers raised wages because they had to. Take away the demand or increase the supply and wages will drop.
Well, the companies in North Dakota are illegally dumping toxic waste. They police themselves. Nice.
Industrial waste from fracking sites is leaving a "legacy of radioactivity" across the country as the drilling boom churns out more and more toxic byproducts with little to no oversight of the disposal process, critics warn. According to a new report in Bloomberg Wednesday, the controversial oil and gas drilling process known as hydraulic fracturing is "spinning off thousands of tons of low-level radioactive trash," which has spawned a "surge" in illegal dumping at hundreds of sites in the U.S.
They set up oilfields in the area that pays ridiculously higher wages than the norm for that area. Those wages pushed up wages across the board in the area.
It also has the bonus of being remote, ugly, cold, and inaccessible relatively speaking.
Low taxation has nothing to do with what's under that ground up there. North Dakota could have the highest taxes on Earth, and we'd still be witnessing this same phenomenon.
Free market principles blah, blah, blah...all bullhockey. This is an exception made possible by oil.
Nothing more, nothing less.
Correct, the only reason for this is the oil and when the oil is gone this place will revert back to what it was before with the exception of higher personal debt. Just look at what happened to towns like Fairbanks, Alaska during the oil glut era and what it is today, two different towns and a lot of personal debt that came with big spending from big paying jobs.
There is an oil boom in rural North Dakota and little housing. A small trailer will rent for $1500+ per month. Apartment units start at $2800. Wages are up to cover living costs and attract people to the middle of nowhere.
Highest rents in the US, right now, are in Williston, ND.
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