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Originally Posted by Chris
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That is an interesting post, but it seems to be essentially arguing that if all the jobs were low paying jobs they would drag down the average wage. While that would be true, it then goes on to explain how about 25% of those jobs are in the energy industry. So it seems like about 25% of them are high paying jobs and then the rest are lower paying jobs and they balance out.
For example if 250K of those jobs paid $32 per hour and the other 750K paid only $8 per hour it averages out to $14 per hour. So the average is still in the ballpark of the state average.
Still, the wall street journal did a good story on this and pointed out that about 300K of these new jobs are government jobs and they show that Texas has increased the number of government jobs by about twice the national average over the last few years.
So it's not hard to hire a bunch of people on the government payroll, get some energy workers and then open up a bunch of fast food jobs and call it a great deal.
Once again the supposed small government republican grew the government and is now boasting about how great a job he did creating jobs.
here is the wsj story
http://online.wsj.com/article/SB1000...=ITP_pageone_1