a Job in Texas
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The Texas Workforce Commission has published its predictions for jobs up to 2012. The good news is that they expect 1.8 million new jobs, which would give the state a 17.6% growth compared to 14.8% expected nationally between 2002 and 2012.
The bad news is that they aren't very good jobs, and the state office is mum about wages and benefits. Even worse bad news is that none of the top 10 occupations or the top 20 "fastest growing industries" creates any wealth. They're all service jobs.
Labor creates wealth as we transform natural substances into useful commodities. None of these occupations does that directly. Texas mining and manufacturing operations are expected to barely produce more jobs. So how will wealth come into Texas to keep the economy afloat until 2012? Probably, they expect to be able to go on borrowing the wealth of other nations through the sale of U.S. treasuries. That's what's keeping us going now.
Very few practitioners of these occupations, with the exception of the teachers, are presently organized into unions. Consequently, it's going to take a fight to raise wages and benefits in the state if these predictions are true.
Source: Texas Labor Market Review, June 2005