Texas Roiled By Unprecedented Labor Shortage As Shale Industry Hires "Just About Anyone"

A battle is playing out in Midland, TX between employee-starved local businesses and multinational energy companies who are poaching local residents left and right for high-paying jobs as the latest Permian Basin shale-oil boom accelerates. Midland Mayor Jerry Morales says the boom is a double-edged sword; while the energy industry has increased sales-tax revenue by 34% year-over-year, an incredibly low unemployment rate of 2.1% has resulted in a severe shortage of low-paying jobs around town-such as the 100 open teaching positions, according to Bloomberg.

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