Worth a read and coming from right in the center of
The story starts out quite exuberant: "...largest
capital investment by a manufacturer in northeast Ohio since the 1960s".....
and " first new steel mill since the 1920s." The conclusion some want to believe is that th one plant is an...:
So how many jobs are we talking about at this new
$billion+ plant? 350. Just for a brief bit of context, on Black Monday in 1977,
Youngstown learned it was losing 5,000 jobs when the Youngstown Sheet and Tubes
work closed. More job losses
followed. So even adding a zero to the new jobs being added does not get you close to what was lost. The article quickly gets to the crux of it all:
"...example of the money that has flowed into the
state's industrial sector in recent years thanks to the surge in U.S. natural
gas and oil drilling."
"But state employment data, academic research and a
week-long tour of half a dozen factories in Ohio suggests the shale gas
revolution has been a disappointment when it comes to job creation. "
Locally there is a lot of similar confusion. Many I talk
to, some including the more informed folks I know, are pretty convinced local
manufacturing job numbers are shooting up in recent years because of shale
related investments and demand. Probably because of some advertisments I see perpeturally running on TV. Anyone
want to back that up with something resembling data?
So back in Ohio and the Reuters story today says this:
In March, a study by Cleveland State University concluded that while gas exploration had unleashed a surge in
economic activity in Ohio, job growth - even in counties directly affected by
the drilling - was stagnant. The employment growth that many assumed would
follow the energy investment was "not yet evident," the study's authors
The full report that I missed out of Cleveland State a few months ago is online:
and I see some similar stories here today. Trib: Workers cope with slow side of drilling field
Where is the Wiz by the way? Maybe his (or her) contract expired?