Seattle just boosted its minimum wage to $15 per hour, but it still can't beat the $17 per hour offered by Walmart -- in Williston, North Dakota. What's behind North Dakota's Walmart wage hike? Two words: Bakken formation. The past decade has seen enormous growth in the region as energy companies tap this opportunity, driving up wages even in unrelated businesses.
In the following video, Motley Fool energy analysts Taylor Muckerman and Joel South discuss tweets from the energy sector, including this one on the regional growth opportunities coming from the Bakken oil boom.
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Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.