Company forced to pay oil workers in labor dispute
An oil and gas equipment manufacturing company in Houston that is owned by one of the world’s largest land drilling rig makers has paid $687,469 in back overtime wages to 133 roughnecks and crane operators, the U.S. Department of Labor says. More »
The Connection of Depressed Wages to High Oil Prices and Limits to Growth
In my view, wages are the backbone an economy. If workers have difficulty finding a job, or have difficulty earning sufficient wages, the lack of wages will be a problem, not just for the workers, but for governments and businesses. Governments will ha… More »
The Connection of Depressed Wages to High Oil Prices and Limits to Growth
In my view, wages are the backbone an economy. If workers have difficulty finding a job, or have difficulty earning sufficient wages, the lack of wages will be a problem, not just for the workers, but for governments and businesses. Governments will ha… More »
Twelve Reasons Why Globalization is a Huge Problem
Globalization seems to be looked on as an unmitigated “good” by economists. Unfortunately, economists seem to be guided by their badly flawed models; they miss real-world problems. In particular, they miss the point that the world is finite. We do… More »
Eagle Ford drilling fuels income surge for all, despite recession
Counties in the Eagle Ford shale saw an average increase in per capita income of 13.62 percent between 2008 and 2011, according to the Bureau of Economic Analysis. Texas as a whole saw an increase of 1.34 percent during that time period. More »
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