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Title: Post-Cowboy Economics: Pay and Prosperity in the New American West by Thomas Micahel Power, Richard Barrett ISBN: 1-55963-821-4 Publisher: Island Press Pub. Date: September, 2001 Format: Paperback Volumes: 1 List Price(USD): $26.00 |
Average Customer Rating: 5 (1 review)
Rating: 5
Summary: Mountain West Myth Busting
Comment: The authors take a sharp needle to the over-inflated myth that the resource extraction industries (e.g., timber, mining, ranching) are the only ticket out of a downward trend in hourly pay in the region. Post-Cowboy Economics does the hard, analytical work that is required to get to the real root cause of why wages are generally lower in the Mountain West. To make its point, the authors focus on labor and demographic data over the years from 1978 to 1998.
What you learn from their research:
1.The contracting resource extraction industries in the Mountain West appear to have been driven by a pervasive national pattern in which jobs shifted from good production to services.
2.The decline in average pay was due to downward pressure on pay in almost all industries (i.e., the loss of "good" paying jobs).
3.The declines in pay during the 1980's were largely due to back-to-back national recessions. Although national in extent, the recessions hit the Mountain West hard.
4.During the 80's and 90's technological advances and globalization of the American economy emerged as forces that caused the demand for labor to move from workers with little education and few skills toward workers with greater education and skills. These forces were felt the most in rural communities.
The most interesting revelation for me came about when the authors compared wages to the population of the community. The data clearly shows the largest cities provide the best wages, and as you go down in population, the wages follow. This means that in comparing average pay in the Mountain West and the rest of the country, its important to consider where people live and work. Residents who live in the Mountain West typically live in smaller communities than other Americans. And this accounts for the gap in pay.
The authors devote some time on how to form public policy in light of this post-cowboy economy. And thankfully its not one that looks backward to the good old days of job creation based on resource exploitation.
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Title: Lost Landscapes and Failed Economies: The Search for a Value of Place by Thomas Michael Power ISBN: 1559633697 Publisher: Island Press Pub. Date: April, 1998 List Price(USD): $19.95 |
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Title: Balancing Nature and Commerce in Gateway Communities by Jim Howe, Ed McMahon, Luther Propst, Edward McMahon ISBN: 1559635452 Publisher: Island Press Pub. Date: June, 1997 List Price(USD): $25.00 |
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Title: Searching for Yellowstone: Ecology and Wonder in the Last Wilderness by Paul D. Schullery ISBN: 0395841747 Publisher: Houghton Mifflin Co Pub. Date: September, 1997 List Price(USD): $25.00 |
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Title: Ranching West of the 100th Meridian: Culture, Ecology, and Economics by Richard L. Knight, Wendell C. Gilgert, Ed Marston ISBN: 1559638273 Publisher: Island Press Pub. Date: March, 2002 List Price(USD): $25.00 |
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Title:The Lord of the Rings - The Two Towers (Platinum Series Special Extended Edition) ASIN: B00009TB5G Publisher: New Line Home Entertainment Pub. Date: 18 November, 2003 List Price(USD): $39.99 Comparison N/A, buy it from Amazon for $25.99 |
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