Pretty normal for the back side of a boom. Often wages and salaries are cut, something which normally starts at the field level. Similarly, when competition ramps up for a declining amount of work, service company rates start getting reduced in order to be more competitive. That is muted somewhat by the expense of living in an area, and that always seems to decline slower than the paychecks do.
growth may be slower, but their overall compensation package was very high at the outset.
24 year old, High School Grad, no College, House on Private Lake in North Dakota, Boats, ATVs, Snow Machines, 3200 sqft, private dock and boat ramp
This was 4 years ago, but he started out as help on oil wells fracking and he last called in to our local radio station to tell kids, don’t go to college, work hard.
You can make 140k per year too.