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Yeah, it's exactly like that oil boom in North Dakota. There was a brief, massive increase in demand for construction labor to build oil rigs, and you had "man
by palmotea 3mo ago
Yeah, it's exactly like that oil boom in North Dakota. There was a brief, massive increase in demand for construction labor to build oil rigs, and you had "man camps" an the like. Then once the rigs were built, the employment dropped massively because it takes a lot fewer guys to run an oil well than build one.
- SoftTalker 3mo agoYeah I remember the excitement about oil field jobs... was it about 10 years ago already?
- bpodgursky 3mo agoNorth Dakota's unemployment rate is 2.3%
- palmotea 3mo ago> North Dakota's unemployment rate is 2.3% So? What's your point? During the boom, laborers from all over went to North Dakota to work in the oil fields, and for the unemployment to say low there, most of them had to leave. And, IIRC, North Dakota wisely refused to build too much permanent infrastructure to support that population, because they knew it would be transient. If there was much effect on unemployment statistics, it was probably in other states (though I would guess the effect was more on wages than binary employment). My point is boom jobs evaporate, and give a recent example.
- Danox 3mo agoOther than farming, what is there to do in North Dakota or South Dakota? Most of the people who live there if they want to do anything else they have to go someplace else. Most of those data centers built in relatively remote areas. will have just a few people working at that data center. It’s not going to bring lasting prosperity to that midsize or small town.
- SoftTalker 3mo ago> Other than farming, what is there to do in North Dakota or South Dakota? Services that support farming.
- bluGill 3mo agoThere are a lot of little towns that have a small factory making some weird widget that you don't think about but society would fall about without it.