An industrial contractor’s ability to maintain a healthy profit margin can be tenuous, at best, in an age of fluctuating material prices, rising wages and escalating interest rates.
A trial over alleged damage to the coast by oil companies in Cameron Parish will proceed as scheduled on Nov. 27 after the U.S. Supreme Court this week declined to block it.
The new policy could indirectly affect the private sector. State government now has a new tool to compete for workers, and when a major, high-profile employer enacts such a policy, other businesses may consider following suit.