Pay threshold for managers to rise to 50K

[Ace]

So you'd rather be jobless in a high-wage, high cost-of-living state than employed in a low-wage, low cost-of-living state. Got it.

Eat your non-regulated gruel and enjoy it, dammit!

This is all the free market allows the company to pay workers who are willing to work for peanuts.

 

[cranberry]

So you'd rather be jobless in a high-wage, high cost-of-living state than employed in a low-wage, low cost-of-living state. Got it.

I'd rather have a good job in a state that doesn't screw its workers to attract business. The right to-work race to the bottom helps owners of businesses a lot more than it does working people.

 

[doctorquant]

I don't know about the last two or three years, but for the 10 years preceding it, Texas' job growth was almost entirely in the government sector. That doesn't sound very non-regulate-y to me.

You probably need to update the facts with which you're working. Check out chart 4 of this document:

https://www.dallasfed.org/assets/documents/research/swe/2014/swe1401d.pdf

Even if you assume that EVERY new health care and education job was a government job, that's still only 47% of the job growth.

And, as re: cranberry's sour grapes "Those jobs in Texas aren't good jobs like those created in, say, Vermont ..."

Critics of the Texas economic model often contend that Texas' exceptional job growth has not produced a high standard of living for its residents due to the low quality of the new positions. However, Texas' job growth since 2000 has been much more proportional (across income quartiles] than in the rest of the nation, where net new jobs have been concentrated at the bottom and top of the wage distribution and the middle has shrunk further.

 

[doctorquant]

I'd rather have a good job in a state that doesn't screw its workers to attract business.

Only you could depict someone leaving a state where they can't find work for a state where they can as being screwed by the latter state.

 

[cranberry]

Only you could depict someone leaving a state where they can't find work for a state where they can as being screwed by the latter state.

Read better please.

Who said people can't find work in non-right-to-work states?

 

[LongTimeListener]

Yeah, dq, as I said, I don't know how it has been in the last few years.

But this is a 2011 link from the Washington Post the last time Gov. Goodhair ran for president:

Perry criticizes government while Texas job growth benefits from it - The Washington Post

With a young and fast-growing population, a large and expanding military presence and an influx of federal stimulus money, the number of government jobs in Texas has grown at more than double the rate of private-sector employment during Perry's tenure.

The disparity has grown sharper since the national recession hit. Between December 2007 and last June, private-sector employment in Texas declined by 0.6 percent while public-sector jobs increased by 6.4 percent, according to the federal Bureau of Labor Statistics.

 

[MisterCreosote]

Yeah, but we know now those were all Jade Helmers there for the hostile takeover, so they don't count.

 

[doctorquant]

Yeah, dq, as I said, I don't know how it has been in the last few years.

But this is a 2011 link from the Washington Post the last time Gov. Goodhair ran for president:

Perry criticizes government while Texas job growth benefits from it - The Washington Post

With a young and fast-growing population, a large and expanding military presence and an influx of federal stimulus money, the number of government jobs in Texas has grown at more than double the rate of private-sector employment during Perry's tenure.

The disparity has grown sharper since the national recession hit. Between December 2007 and last June, private-sector employment in Texas declined by 0.6 percent while public-sector jobs increased by 6.4 percent, according to the federal Bureau of Labor Statistics.

This, combined with your earlier post, has you edging up on one of those "Those numbers don't mean what you think" things here. Just because the growth rate in one sector dwarfs the growth rate in another doesn't mean that the former sector is generating all the jobs. You can see this in a simple example:

Suppose my portfolio consists of two investments, A and B. I have $10,000 in A and I have $100,000 in B. Finally, suppose that last year A's return was four times that of B's (say, 12% vs. 3%). In raw dollars, A boosted my bottom line by $1,200, but B boosted it by $3,000. It would be inaccurate to say that the vast majority of my wealth gains resulted from my investment in A.

Now, yes, during that period of time mentioned above the public sector in Texas was growing and the private sector was declining, no doubt about it. So over that timeframe, ALL the new new employment was in the public sector.

But over the longer term, the facts are that: A) the private sector is substantially larger than the public sector in Texas; and B) in private sector jobs growth Texas has been lapping the field (OK, maybe that's overstating it) for quite a long time.

 

[LongTimeListener]

I do know all that.

It was simply my recollection that private-sector job growth in Texas hadn't been all that strong, based on the WaPo article I linked. Apologies if that is not the case.

 

[doctorquant]

I do know all that.

It was simply my recollection that private-sector job growth in Texas hadn't been all that strong, based on the WaPo article I linked. Apologies if that is not the case.

No biggie ... I was addressing both of your recent posts. And it's correct that, at that time, over the timeframe referred to by the WaPo, the growth rate in the public sector was far larger than that in the private sector.

 

[LongTimeListener]

The only thing I know for sure about Texas' economy is that Austin isn't my escape plan anymore because it's too damn expensive.

 

[JayFarrar]

My guess is that people's compensation plans will change to a commission structure. That would work particularly well in retail, fast food and newspapers (outside the newsroom of course).

You pay a person a base salary of probably less than what they make now and if you hit targeted goals, you get a bonus/commission. So have a $10,000 day in burger sales, the assistant manager gets 1 percent of that or whatever.

You could apply the same structure to the assistant sports editor and say, make deadline five days in a row, get $100.

Every other newspaper department has similar pay plans but given the journalism vow of poverty and overall and often times inexplicable resistance to getting paid, it will be dismissed.