"How Expensive is Cheap Labor?"
Posted Wed, Sep 9, 2006 at 2:07 pm
...a front-page article in the Dallas Morning News has provided some real numbers for at least one of the nation’s top five metropolitan areas. The story, based on U.S. Census Bureau data from 1999 to 2005 shows the median household income in the Dallas-Fort Worth region fell 10 percent when adjusted for inflation...
...The percentage of people in the Dallas-Fort Worth area living in poverty is up from 10.8 percent in 2000 to 13 percent in 2005. The experts say that's because of who's coming across the border. "The type of people we're drawing are less educated," said Pia Orrenius of the Federal Reserve Bank of Dallas. "Job growth is strong, but many expanding sectors are hiring for low-skill positions."