Search Results - inflation

Blog Post: Drills for Bills: Prominent Oil Businessmen Then and Now

The oil market is an incredibly unique and volatile arena — viciously swinging like a pendulum between stability and failure.

Everything affects the way in which the oil and gas industry…

Added by Alicia Walker at 6:26am on July 28, 2021

Blog Post: The ABC of an Employee’s Salary Slip: Talk about the heaps of paperwork and documentation that you need to perform and procure as a working professional! Sounds hectic and…; Added by Amit kumar at 7:15am on May 18, 2020

Topic: The Best Place to Get a Job: ourly wages increased by more than 11 percent from April in 2013 to the same month this year. By contrast, the average wage hike across the economy was about 2 percent, which was just enough to keep up with inflation. Oil and gas industry experts say not only are there plenty of newly created jobs but also thousands of positions will be vacated soon by retiring workers. The American Petroleum Institute warns of a “great crew change,” opening thousands of jobs to workers with the right skills. During the past decade, the United States has made tremendous strides in producing more domestic energy. Advances in technology, including hydraulic fracturing and directional drilling, have enabled the development of America’s shale formations, greatly increasing the nation’s energy bounty. The results have been nothing short of spectacular. The United States is now the world’s largest natural gas producer, and by next year the United States is expected to exceed the nation’s oil production record set in 1972. Furthermore, much of the new energy development has occurred on private land as landowners have signed contracts allowing drilling companies to spud wells on their property. A survey conducted among royalty owners—landowners who have leased their property for energy development—indicates they have been pleased with the outcome. More than 90 percent who responded to the survey say they would lease their land again, if given the opportunity. The U.S. Energy Information Administration reports that more than 162,000 new U.S. jobs were created from 2007 through 2012. IHS Global Insight says another 1.3 million jobs are expected to be created by 2030. Jobs in the upstream portion of the oil and gas industry pay more than twice the average national wage, and opportunities abound for college students who are considering declaring a major in engineering. The Bureau of Labor Statistics reports that petroleum engineers receive a median annual salary of more than $132,000, which is more than many top executives earn and far higher than the U.S. median household income of $51,017 reported in 2012. Most college students, however, tend to select majors for which they are ill-suited or ill-equipped. According to a study by Georgetown University’s Center on Education and the Workforce, engineering is not on the list of the top ten majors, yet it pays significantly more. Perhaps that explains at least part of the reason why so many college graduates find themselves living at home, working at minimum-wage jobs, and burdened with college-loan debt. The oil and gas industry has been the best-performing business sector in recent years, certainly since the beginning of the Great Recession. And it could offer even more opportunities if the Administration would adopt the right policies, such as opening more federally owned land to exploration. There’s a lot to like about the oil and gas industry, particularly now when the world is becoming an increasingly hostile place. For workers who want to do something meaningful, the oil and gas industry is on the high side. For more information visit: http://www.oilandgasrepublic.com …; Added by Micheal Obineme at 1:36pm on September 11, 2014

Comment on: Blog Post 'CBO: $10 Minimum Wage A Mixed Bag': families for 30 days solely performing a 40 hr minimum wage jobs (no outside income, benies, savings, etc.) I thought I should send that idea to Morgan Sperlock., but I just found out that was his first "30 Days" show back in 2005... http://www.dailykos.com/story/2014/02/11/1276860/-What-happened-when-San-Jose-CA-raised-the-minimum-wage# SanJoseLadyFollowRSS Daily Kos member Tue Feb 11, 2014 at 03:57 PM PST What happened when San Jose, CA raised the minimum wage bySanJoseLadyFollow In November of 2012 Measure D (raised our minimum wage to $10 an hour with adjustments each year for inflation) passed in San Jose with almost 60 percent of the vote. The raise in the minimum wage took effect in March of 2013. The usual players were opposed, including the San Jose/Silicon Valley Chamber of Commerce. Here is their argument against Measure D. So here we are almost a year later. Who was right? What has happened? According to a recent report on our NBC station, Reality Check Minimum Wage One Year Later things are going very well: * According the San Jose Downtown Association, registered businesses were up 3 percent from 2012 to 2013, but a healthy 19 percent in the retail sector, which includes restaurants* The City of San Jose reported 75,000 businesses registered at the start of 2013 prior to the hike, and 84,000 to begin 2014, following the hike (although city officials question any connection between minimum wage policy and new business registration) * On a broader level, the latest unemployment figures in the San Jose Metropolitan Area show the unemployment rate dropped more than 1 percent since the hike went into effect, per the California Economic Development Department * In the sector most influenced by wage fluctuation - restaurants and hospitality - the California EDD shows more than 4,000 jobs were created year-over-year * The most recent figures for average weekly hours for all employees in the metro area, kept by the U.S. Bureau of Labor Statistics, are virtually identical now to what they were back in March The very best part of this report is that the conservative think tank Employment Policies Institute was quoted in the article as stating that the minimum wage hike has had a negative effect on San Jose. The reporter did his due diligence and found that the minimum wage hike had not had a negative effect on San Jose (granted, there are some disclaimers regarding the overall comparison, noted in the article.) …; Added by Keith D. Halperin at 12:49pm on March 12, 2014

Blog Post: The Ever-Interesting world of RFP Writing: A Recruiter's Perspective: I think it’s a fairly well-known fact that the market for RFP Writers is, at best, and especially at the moment, a tricky place to navigate for any recruiter and their clients. There are a number…; Added by Sam Barrett at 4:02am on July 30, 2019

Blog Post: Many Retirees Must Return to the Workforce: The value of retiree's savings along with their homes has fallen and this coupled with inflation and the huge costs associated with health care** has resulted in many finding they must return to work…; Added by Art Koff at 7:59am on November 10, 2008

Blog Post: Changes to FLSA Exemptions Coming - Action Items for Recruiters: If you have contractors who…; Added by Debbie Fledderjohann at 5:06pm on March 26, 2014

Blog Post: Engineer underwear and other online recruiting news!: We're already into 2015, and as you might guess, the job board and online…; Added by Jeff Dickey-Chasins at 8:36am on January 20, 2015

Blog Post: STATE OF THE RESUME: STATE OF THE RESUME

Among the most common topics candidates seek my advice is about resume preparation. Most often I am asked for feedback regarding content or construction yet some…; Added by Alisa Tazioli at 9:54pm on January 21, 2010