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re: If you have kids starting to search for college/career... what is left worth pursuing?

Posted on 2/7/24 at 8:51 am to
Posted by Tantal
Member since Sep 2012
15377 posts
Posted on 2/7/24 at 8:51 am to
quote:

Making 150k as a one man operation just doing plumbing part time? No way.

You need to be able to do decent sized jobs to make good money in the plumbing business.


He does quality work and has thus secured commercial contracts. While it's primarily him on the residential stuff, some of his commercial jobs are big enough that he has to call in subs to help out with some of his work. I grew up 3 doors down from him and he didn't come from money. His wife is a nurse, so call that $100-$120K. I've also been to his house and seen the way that he lives. No way they could be doing that on less than $250-$300K.
Posted by GeauxTigahs92
Member since Sep 2019
364 posts
Posted on 2/7/24 at 8:51 am to
They already do. Medicare reimburses less and less every year and more and more insurance companies are going to a flat rate reimbursement system. But I still make pretty good money all things considered.
Posted by Odysseus32
Member since Dec 2009
7843 posts
Posted on 2/7/24 at 8:58 am to
(no message)
This post was edited on 3/12/24 at 4:11 pm
Posted by tigersownall
Thibodaux
Member since Sep 2011
15674 posts
Posted on 2/7/24 at 10:08 am to
Plumbing. He is going to be rich.
Posted by Jake88
Member since Apr 2005
70871 posts
Posted on 2/7/24 at 10:10 am to
quote:

 No way they could be doing that on less than $250-$300K
If he's buying all those toys on 250-300 he isn't saving much.
Posted by AwgustaDawg
CSRA
Member since Jan 2023
8851 posts
Posted on 2/7/24 at 10:58 am to
quote:

Who the frick wants to travel and work OT once they have a family? Why do yall act like careers where you have to do those things to make good money are suddenly Great jobs? Much rather have my kid be an operator and work ot there than the jobs yall are recommending where have to travel.


It is a great way to lose a family for certain.
Posted by AwgustaDawg
CSRA
Member since Jan 2023
8851 posts
Posted on 2/7/24 at 11:12 am to
quote:

if thats the case(they work for hourly wage not salary) then why does the average union electrician in ohio make 69,185? thats the median and thats union. top 10% median is less than 90k

HVAC- $69,485
Plumbers- $ 53,185
Welders- $54,731, top 10% -$85,562
Construction- wtf does this even mean


There is not a county in Ohio where Davis Bacon wages for the trades listed would not be higher than the wages listed. Davis Bacon wages are union wages in almost every county in the US and if federal money is being spent on the project that is what those trades have to be paid. They include an hourly rate AND fringe benefits because paying one person $30 an hour and no fringes and another $30 + $25 in fringes is not the same thing despite what some folks will claim. All Davis Bacon wages include fringes and all of them in Ohio would surpass the numbers listed will be close to the hourly rate but without the benefits.

Posted by AwgustaDawg
CSRA
Member since Jan 2023
8851 posts
Posted on 2/7/24 at 11:14 am to
quote:

Those people don’t get paid salaries

They work by the hour and punch clocks


They work by the hour, they never punch a clock. They may drop a brass but they will never punch a clock.
Posted by AwgustaDawg
CSRA
Member since Jan 2023
8851 posts
Posted on 2/7/24 at 11:19 am to
quote:

Not sure.

My buddy works as a lineman and clears $100k, but he's on call every 5th week and usually works anywhere from 20-30 hours of OT (40-50 if there's a bad storm) during those weeks.

I love it for him, because he didn't stumble into it. He made a conscious decision to get into that role because he likes the work, likes the company, likes the people he works with, but I've been with him on his on call weekends, where we are at his house and I see him a total of 20 minutes over 6 hours because everytime he gets off call, he has to go out again.

Again, he's one of the smartest people I know and it works for him because of his temperament and general attitude, but I'd be pissy as hell if that was my life.


Ask him how many of his coworkers, doing the same kind of work, are over 50. It ain't many...
Posted by JDPndahizzy
JDP
Member since Nov 2013
6566 posts
Posted on 2/7/24 at 11:22 am to
quote:


engineering and then get a law degree....best of both worlds


I know a PI attorney in Lafayette that did this. He's pretty well rounded as far as oilfield cases go.
Posted by Dragula
Laguna Seca
Member since Jun 2020
5378 posts
Posted on 2/7/24 at 11:25 am to
quote:

College is for suckers...


Some careers require degrees and advanced degrees, hoss.
Posted by carhartt
Member since Feb 2013
7790 posts
Posted on 2/7/24 at 11:50 am to
Anything Medical, with the exception maybe of EMT.
Posted by AwgustaDawg
CSRA
Member since Jan 2023
8851 posts
Posted on 2/7/24 at 11:59 am to
quote:

Show us a job posting for a trade that has this salary.



8 at $172,579

There's 8 that would pay someone qualified $172,579 a year without any overtime.


There are open calls in North Carolina on a Toyota Battery plant scheduled to finish in August of 2027 that is scheduled 6/10s and paying $12 an hour over scale and $150 a day per diem for working 90% of schedule. As of 2 weeks ago they were calling for 300 Journeyman wireman. At that scale in 52 weeks an electrician would have earned a little over $182K.

These jobs are out there. They are not scarce....what they are is damned hard work in damned rough conditions that require an enormous amount of skill and knowledge and a willingness to work an assload of overtime and be away from home at least part of the time. They are out there, they are not for everyone. And at the end of the day almost no one is physically capable of doing the work beyond their 50th birthday BUT they have 12 or more years yet to work.
Posted by AwgustaDawg
CSRA
Member since Jan 2023
8851 posts
Posted on 2/7/24 at 12:01 pm to
quote:

Plumbing. He is going to be rich.




Certainly going to be working in a rich environment...
Posted by cypresstiger
The South
Member since Aug 2008
11406 posts
Posted on 2/7/24 at 12:06 pm to
"What this country needs is more lawyers"--Lionel Hutz
Posted by Odysseus32
Member since Dec 2009
7843 posts
Posted on 2/7/24 at 12:24 pm to
(no message)
This post was edited on 3/12/24 at 4:11 pm
Posted by AwgustaDawg
CSRA
Member since Jan 2023
8851 posts
Posted on 2/7/24 at 12:26 pm to
Here is the problem with going into a trade. The money is great, you can do it without going into debt, there is a lot of potential to own your own business.

There are ample opportunities in the trades to make 6 figures a year. Despite what some would claim it is not at all unusual. Despite what others would claim it is not at all easy to do. It requires LOTS of overtime, lots of skill, lots of knowledge, lots of physical ability and lots of simple luck. It requires working in conditions that most people would find intolerable doing what is at times incredible dangerous work.

The reason young people do not go in the trades like they once did is not because they are lazy or no account. Its because they can make a living without destroying their bodies and their lives. While it is entirely possible to make 6 figures even in the south as a tradesman most never do because most are not in a position where they can. You can't go on vacation, you can't get sick, you can't have a sick child, you can't have family members get sick or die....because you will be replaced. It is that simple. You also can't decide not to work 10-12 hours a day when needed because you will be replaced. Seriously, if you have not been in it you would never understand how truly difficult it is to earn a living in the trades. No matter how lucky and healthy you are you will eventually slow down due to age...at that point you will have difficulty keeping a job unless you have transitioned into management, something about 95% never do. These are the reasons young people shy away.

The industry has known it for years. I sat in on a Business Roundtable Think Tank 30 years ago and this was the very topic of that process...how to attract young people into the trades. The industry has failed miserably because they have not evolved.

Most people today are not making 6 figures a year. Only 18% of the people employed as we speak are earning in excess of $100k a year. 55% make less than $50k a year. That means somewhere around 27% make somewhere between $50 and a hundred. Median income is around $45k so it is not plausible that middle class requires $100k...it may require it to live a middle class lifestyle, certainly the middle 33% of Americans are not making it.

With that in mind it is VERY possible to make $45-65K year, before any benefits, working 8-10 months a year in MOST of the united states as a tradesman. The problem with that is after about 40 or so it gets harder. After 50 it is damn near impossible for most people. Meanwhile you can earn a degree, make about the same amount of money and continue to do so until full retirement age.

The trades have recognized this forever, we rely on young people who do not want to go to school, lure them in with promises of making big money which many certainly do, and then when they reach 50 we thank them for their service and wish them luck...and they are then forced to try to earn a living with a broken down body and a skill set that requires anything but. The idea of working as pipefitter on industrial jobs from the age of 18 through the age of 67 and earning a 6 figure salary half of those years is insane, it does not happen and will not happen. Anyone saying otherwise is telling a lie or does not know any better. Is it possible to make that money for 10-15 years? ABSOLUTELY. Very possible. Whats never been done, or rarely, is for anyone to do it for 40 years, allowing enough time at the start for learning the trade.

I am a 5th generation union tradesman. I make a helluva living based almost entirely on the fact that I decided to go into the trade...and get a college degree. I am 59 this year. I could work with my tools again but I would suffer severely and I would be among the first to be laid off when lay offs come and they come every fall. I know thousands and thousands of union tradesman, all trades, all ages. Most never see $100K a year. None do not slow down around 40 and find it damn near impossible to keep a job past 50. The few that do have transitioned in to management almost exclusively, that is about 3% of us. The rest earn a good living, if they are lucky, from about 25-45, less of a good living from 45-60, almost no living beyond 60, retire and die earlier because of the abuse they put themselves through in their 20s and 30s and 40s. It is not easy and it is not for everyone...its damned hard.
Posted by AwgustaDawg
CSRA
Member since Jan 2023
8851 posts
Posted on 2/7/24 at 12:39 pm to
quote:

I think people get angry with this because the fringe benefits are sometimes not valued at what someone might pay for them independently.

If I see a job posting for total comp, I glaze over. Tell me the comp, then tell me the benefits. I can decide if the benefits are worth it. For instance, my first company touted their yearly all inclusive trips to hawaii as part of their total comp as a way to lower base salaries.

That's a nice perk, but maybe I wouldn't go to Hawaii if I had the same valued amount less taxes in my pocket. Maybe I don't like the ocean. Maybe I'd like to ski. Calling something like that part of remuneration is disingenuous.

I understand you're more referencing paid vacation, dental, medical, life insurance, pension, but the same principal applies.


The only reason its something to consider when comparing trade jobs which are paid an hourly rate to other professions that pay a salary is whose pocket are the fringes coming out of? In the case of ALL union building tradesman their hourly rate is what they see on their check. They are also earning pensions and health and welfare benefits. Very few get any sort of paid leave, to my knowledge only where mandated by state law, which are few. A person who is a salaried professional will also have a basic hourly rate. If their position is based on 40 hours a week 52 weeks a year it would be whatever their salary is divided by 52 and divided by 40. They would then have some of that hourly rate withheld for retirement savings and would pay some portion of that hourly rate for their portion of their health care and various H&W benefits. At the end of the day every penny it costs to work any employee has to be captured in the production of the employee...they have to earn every penny or they will not be employed long no matter how benevolent an employer they have. When you are paid a salary and most of your benefits show up as a pre-tax deduction on your pay check it is exactly the same thing as the hourly tradesman who is paid a hourly wage PLUS the same benefits...the difference is the latter does not normally see an entry on their pay stub...all it will show is their gross earning based on hours workd and rate of pay. Most union locals in the US have a scale somewhere around $35 an hour. If you look at JUST that portion of the package it would be about $70K a year. Not a lot of money for a well-trained and knowledgeable professional in the middle of their careers (or any stage of their career) when compared to the salary of a salaried professional of equal knowledge and skill and similar experience. It looks more comparable when you add their pensions and benefits that do not show up on their paycheck but does come out of the salaried professionals pay check.
Posted by Odysseus32
Member since Dec 2009
7843 posts
Posted on 2/7/24 at 12:52 pm to
(no message)
This post was edited on 3/12/24 at 4:11 pm
Posted by offshoretrash
Farmerville, La
Member since Aug 2008
10269 posts
Posted on 2/7/24 at 9:33 pm to
I'm making over $150k now as a mechanic. Every pipeline welder and mechanic is making over $150k, every oilfield mechanic and electrician is making over $150.

The job I just left was as a millwright in a papermill, every maintenance personnel in the mill made over $100k. They are having a hard time finding millwrights because they don't pay enough.

You guys just don't know what's out there.
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