One industry in the Peach State watching our money maybe making the most money. Plus, ABD Atlanta Bureau Chief, Mike Petchenik says unionized UPS workers want to know what Carol can do for them!
The average weekly earnings in the Augusta Metropolitan Statistical Area (MSA) in 2021 was $898. In Atlanta, it was $1,070 and just $682 in Hinesville (see the first chart). In fact, there is quite a clear relationship between the size of MSA, as measured by population, and average weekly earnings (see the second chart). The line of best fit is clearly upward sloping, showing the positive relationship between population and earnings. Why do workers earn more in larger cities than their colleagues in smaller ones? A new paper by Theodore
How much is a college degree worth? According to the University System of Georgia, the answer is more than $1 million if you work in the state of Georgia. According to a study conducted by the Selig Center for Economic Growth at the University of Georgia, a person graduating from a college in the University System of Georgia in 2021 can expect to earn $2.55 million over the course of a career. A person with only a high school diploma is expected to earn $1.4 million during the same period.
Shipping container giant relocates headquarters to Georgia and Coca-Cola makes history with new CEO – Augusta Business Daily Business Update by Mike Petchenik.
You’re already paying higher prices for gas, groceries, and just about everything else you buy. But if you’re an Allstate car insurance customer, you’ll soon notice a significant increase in that bill, too. ABD previously reported the company is raising its automobile insurance rates by 25 percent, effective Sept. 12 for new customers and Oct. 16 for current customers. While most insurers are currently raising their rates due to inflation and other factors, 25 percent is a very large increase. We contacted Allstate, which released a statement. “Allstate lowered its
In about a month, a local triathlon is expected to generate an estimated economic impact of more than $9 million, according to Michelle Pippin. Pippin, CEO of the Augusta Sports Council, said nearly 3,000 people are expected to participate in this year’s Ironman 70.3 Augusta. The 13th annual event, which will be held Sunday, Sept. 25 in downtown Augusta, consists of a 1.2-mile swim, 56-mile bike ride, and 13.1-mile run. “The race continues to be a beginner favorite for the sport and one of the largest Ironman events in North
Dr. Rick Franza, Dean of the Hull College of Business, discusses a different, timely business topic each Monday in this column. This week, with Labor Day coming up, he talks about the reasons behind the Great Resignation and its effect on the labor force. The interview has been edited for clarity and impact. ABD: During and after the pandemic, a lot of workers dropped out of the workforce – some estimates as high as 47 million – which has been dubbed the Great Resignation. What caused that? Rick: There
The continued mixed messages sent by the economic data continued in June with job openings increasing by 13.6 percent in Georgia. Georgia was one of only two states, the other being Ohio, that saw an increase in job openings. This follows the 16 percent fall in job openings in May. South Carolina job openings fell by 6.7 percent in June. Given the availability of job offers, people quitting their jobs in Georgia rose by 0.6 percent in June, the highest number for all states at 27,000. Layoffs and discharges by
Buffalo Wild Wings innovates takeout technology and a Macon business adds about 100 new jobs – Augusta Business Daily Business Update by Mike Petchenik.
Dr. Rick Franza, Dean of the Hull College of Business, discusses a different, timely business topic each Monday in this column. This week, he talks about the impact of the TechNet cyber conference on the CSRA’s economy and status. The interview has been edited for clarity and impact. ABD: All last week we heard about the TechNet Cyber conference taking place in downtown Augusta. Please explain the purpose of the conference. It sounds like a geeky Army thing. Rick: It probably is geeky, but it’s more than Army. It’s
