A race to the bottom
Date posted: April 25, 2013
In the letter sent by college trustees, the projected jobs for graduates of the proposed $15.85 million project will be 463 over 10 years, 46.3/year.
We are to believe that we must spend nearly $16 million to turn out 3,750 workers per year.
This will be a huge investment of our resources, and will glut the market for those skilled in these trades.
We have seen in the recent and historical boom/bust of energy projects that such a glut leads to price collapse of the product.
Jobs that years ago paid $20/hour now pay $12,what is the “projected” wage for the graduates? Is this a race to the bottom?