Posted August 27, 2013
The Geography of Jobs: Smart Policies Are Good, But Oil Is Better
The Atlantic: If you want to understand how to create jobs -- not just a few at a time, but hundreds of thousands at once -- look to Texas and North Dakota.
Together, these two states account for a little more than 8 percent of the country's population -- about one in 12 people. But they're also responsible for 20 percent of net new jobs since the end of the recession. And, crucially, they account for "more than 100 percent of the increase in U.S. [oil] production since 2009," James Hamilton writes.
The Great Plains have been relatively great throughout the recovery for many reasons -- cheaper land, cheap wages, service sectors insulated from the housing-finance crisis that leveled parts of California, Florida, Arizona, and Nevada -- but energy has helped a lot.
Read more: http://bit.ly/1823p3p
More industry news:
- BLM’s Fracking Rule – A Solution Vainly Searching For A Problem: http://onforb.es/14B5che
- Natural Gas a Bright Spot for La. Jobs: http://bit.ly/1fgYbDF
- Energy Secretary: Emission Cuts To Be Practical: http://cnb.cx/1fgYdeM
- WSJ Opinion: Fracking Cuomo’s Conundrum: http://on.wsj.com/18iBmLV
ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.