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palmoteatoday at 3:29 PM2 repliesview on HN

Yeah, it's exactly like that oil boom in North Dakota. There was a brief, massive increase in demand for construction labor to build oil rigs, and you had "man camps" an the like. Then once the rigs were built, the employment dropped massively because it takes a lot fewer guys to run an oil well than build one.


Replies

SoftTalkertoday at 3:53 PM

Yeah I remember the excitement about oil field jobs... was it about 10 years ago already?

bpodgurskytoday at 4:13 PM

North Dakota's unemployment rate is 2.3%

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