EclectEcon

Economics and the mid-life crisis have much in common: Both dwell on foregone opportunities

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Richard Posner deserves the next Nobel Prize in Economics
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The Market for Sociologists Unskilled Labour in Alberta
Because the oil industry is booming in Alberta, anyone who wants to work can easily find a job. Oil patch jobs pay very well, but the work is hard and uncomfortable. But even fast food establishments and big-box retailers are advertising to try to find workers. This sign was at a Super-Store in Edmonton last weekend:



Look at those bonuses: extra pay for the day shift, extra pay for the night shift, and $1000 bonus if you last about 6 months. That's not incentive enough to get me to move out there, but it might be enough to induce some young people (living at home with parents, presumably, since accommodation costs are sky high) to leave school and work. If I were finishing high school out there, I would certainly think twice before going to university right away.
Category: Economics Posted on Friday, October 13, 2006 at 8:16am
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Chris (www):
If enough young people made that choice, why do I get the feeling some on the left would want to mandate mandatory college because they didn't like the choice that these young people made?
10.13.2006 12:57pm
Bobbi (mail):
I grew up in an oil town, in north eastern BC. I have long time friends who left high school at sixteen and did what they are talented at: working with thier hands. I watched as they bought thier first homes at nineteen, and are nearing retirement at age thirty. Sure they put up with work conditions that would make most Torontonians cry out to the nearest abuse tribunal, but they are some of the best people I have ever knowm, they can put in week after week of eighteen hours days in minus 25 degree C weather, and not complain, they have a sense of fair play that is razor sharp and take no BS from anyone, they would rather die than whine about anything. If I could find a ctiy slicker college student to hire who had those attributes, I would create work just to have them walk through the door each day.
10.17.2006 11:16pm

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