Want to make 50 grand delivering pizzas? Kathy Hoekstra at the Job Creators Network blog found a job listing in North Dakota:
Total Yearly Income: $56,400
- One week paid vacation every 6 months after your first six months.
- During your week of paid vacation you also receive a $1000 bonus.
-We will match up to $100/month in an employee savings account.
- If you like we also offer a Personal Financial Assistant to pay bills, do taxes and help manage your money.
In addition, there is no requirement for a college degree or any special certification - just a clean driving record, no criminal history and a reliable vehicle.
This is an example of the intense demand for workers there. As Hoekstra writes, shale oil development is the instigator for this:
Thanks to the shale oil extraction and a welcoming business environment, the state has increased its oil output tenfold over the past eight years, capped so far by records of more than one million barrels of oil per day for two straight months. Some 12 percent of US oil comes from North Dakota.
As a result, North Dakota boasts the nation’s lowest unemployment rate (2.6 percent in May.) The oil jobs are lucrative enough, commanding average salaries of about $100,000, “often with little-to-no experience or need for a college degree.”
North Dakota isn’t an anomaly. The Bureau of Economic Analysis (BEA) data show that energy development is driving above-average economic growth in states such as Wyoming, West Virginia, Oklahoma, and Colorado.
With smart federal policies, we can expect this to continue. A U.S. Chamber Institute for 21st Century Energy study found that shale oil and natural gas development could support 3.9 million jobs by 2025.
While we shouldn't expect pizza drivers to make $50K everywhere, we do know the job-creating potential of developing America’s energy abundance.
[H/t Mark Perry]
Follow Sean Hackbarth on Twitter at @seanhackbarth and the U.S. Chamber at @uschamber.