healthmyths
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- Sep 19, 2011
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is creating 2,000 millionaires per year????
By 2012, income from oil royalties was reportedly paying many local mineral owners $50,000 to $60,000 per month, and some more than $100,000 per month. An economist estimated that the boom was creating 2,000 millionaires per year in North Dakota. The average income in Mountrail County has more than doubled since the boom started, to $52,027 in 2010, putting it into the top 100 richest counties in the United States.[8]
The oil boom reduced unemployment in North Dakota to 3.5 percent in December 2011, the lowest of any state in the US.[9][10]
North Dakota oil boom - Wikipedia, the free encyclopedia
Based on the amount employers are willing to pay, wages in North Dakota rarely dip below $14 per hour, despite the fact that the state itself has no minimum wage policy at all.
Other entry-level positions offer even higher rates, with a picture of job postings for a local Wal-Mart going viral.
A cashier position commanded a wage rate of $17.40 an hour.
Their analysis in March revealed that personal incomes have doubled over the past decade in North Dakota, surging
from $29,569 to more than $53,000 per capita a year, since 2003.
This represents a 93 percent increase, which places North Dakota third in the union for per capita personal income, trailing behind Connecticut and Washington, D.C.
North Dakota: No Minimum Wage Needed For High-Paying Jobs | The Daily Caller
By 2012, income from oil royalties was reportedly paying many local mineral owners $50,000 to $60,000 per month, and some more than $100,000 per month. An economist estimated that the boom was creating 2,000 millionaires per year in North Dakota. The average income in Mountrail County has more than doubled since the boom started, to $52,027 in 2010, putting it into the top 100 richest counties in the United States.[8]
The oil boom reduced unemployment in North Dakota to 3.5 percent in December 2011, the lowest of any state in the US.[9][10]
North Dakota oil boom - Wikipedia, the free encyclopedia
Based on the amount employers are willing to pay, wages in North Dakota rarely dip below $14 per hour, despite the fact that the state itself has no minimum wage policy at all.
Other entry-level positions offer even higher rates, with a picture of job postings for a local Wal-Mart going viral.
A cashier position commanded a wage rate of $17.40 an hour.
Their analysis in March revealed that personal incomes have doubled over the past decade in North Dakota, surging
from $29,569 to more than $53,000 per capita a year, since 2003.
This represents a 93 percent increase, which places North Dakota third in the union for per capita personal income, trailing behind Connecticut and Washington, D.C.
North Dakota: No Minimum Wage Needed For High-Paying Jobs | The Daily Caller