As Oil Prices Rises, Texas Is Dangling 100% Pay Hikes To Attract Workers For Local Economy

www.bloomberg.com

In Midland, Texas, the latest Permian Basin shale-oil boom is fueling the region and starving it of workers at the same time. At 2.1% unemployment rate, restaurants, museums, trucking companies, police departments, grocery stores (just to name a few) are all struggling to find workers, as employees flee towards oil jobs. The oil industry has such a ferocious appetite for workers that it’ll hire just about anyone with the most basic skills. Even truck drivers are on track to pull down $140,000 from driving flatbed trucks for hauling rigs. 

Also read: These are the top 50 towns with the greatest labor market and job gains, since the recession

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