Back to work
Wall Street Journal: Pittsburgh Plays Pension Defense
and Border Guard Bob has not died, he has merely moved to Nevada. From the Las Vegas Sun: Flight of Nevada's Brightest.
and no, nothing from me in this, but what is still a shocking statistic in Marcelllus Shale: Workers finding a future in gas drilling in the Centre Daily Times. It cites a recent report that says no less than 70% of Marcellus Shale workers in Pennsylvania are from out of state. That's remarkable and I just have to wonder if that out of state factor was input into any of the economic impact models that have been used to evaluate the economic impact of the whole shale play thus far. I would love to see the stats on the relative wage levels of the 30% in-state workers compared to those who are coming in from elsewhere.
The really interesting question that article raises is something else. It says one of the new Marcellus Shale workers previously "worked in a factory that manufactured pharmaceutical products. " I really hope some local journalist goes and interviews that other firm to see how they are coping with their workforce being poached by this explosion of new demand for shale workers. You can read the workers' quotes about how they are being told their jobs are secure for decades. Might be worth reading this from the Pittsburgh Business Times: Marcellus Shale firms rethink plans due to low gas prices.