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Started By
Message
re: Oil field layoffs are really hitting SLa
Posted on 9/24/15 at 1:36 pm to tigerclaws15
Posted on 9/24/15 at 1:36 pm to tigerclaws15
It's not that everyone gets paid crazy money for very little skill. I personally know 3 people with engineering degrees laid off yesterday. I've not been worried for my own job, but after this round, there aren't that many low-hanging fruit left. I am concerned at this point. I have an engineering degree, have moved up quickly in the company, and have been explicitly told I am considered a high potential employee that they look for me to advance within the company. Even still, I am worried for my job over the next year. It's not just joe blow pulling pipe wrenches that is being affected.
And even joe blow who has no skill is getting paid because he's willing to do something no one else is willing to do. Live on a little man made island in the middle of the gulf for weeks at a time working 12 hour shifts. That's why he get's paid so much, not because the oilfield is stupid and is throwing money around like it's fake. They have to pay to get people who are willing to do that.
And even joe blow who has no skill is getting paid because he's willing to do something no one else is willing to do. Live on a little man made island in the middle of the gulf for weeks at a time working 12 hour shifts. That's why he get's paid so much, not because the oilfield is stupid and is throwing money around like it's fake. They have to pay to get people who are willing to do that.
3
Posted on 9/24/15 at 1:36 pm to BRgetthenet
quote:
Their kids, that won't make those decisions, will be hurt. I think that's what people mean about feeling bad for them. The kids.
I feel bad for them, but there's nothing I can do. If we just universally accept paying more for everything so everyone can have a job, that's not going to work.
Hopefully, these families can rebound, learn a lesson, and move on to bigger and better things. As much as some of them claim to make, there should have been plenty to invest in mutual funds, IRAs and other savings vehicles. They will be alright.
Posted on 9/24/15 at 1:37 pm to Epic Cajun
quote:
You think healthcare IT is no longer "bloated"?
I was thinking more along the lines of the huge payouts medicare/Medicaid gave out for nominal or subpar services.
quote:
the adoption of EMRs has greatly increased the field of healthcare IT/IS.
It has for the big systems.....but for the mom and pop doctor shops that piggy back off of the big systems it has made their lives easier (not in the short term).
It has also made CMS see the need for more stringent documentation and control of medicare-funded services.
Posted on 9/24/15 at 1:37 pm to BigSquirrel
quote:
Why not just pay them a normal wage that could sustain the amount of workers each company has through the ups and downs of such a volatile field?
Posted on 9/24/15 at 1:37 pm to tgrbaitn08
quote:
how much better is your life that you're saving $15-$30 a week?
So you're saying everybody not in the oil patch should pay a $15-$30 weekly tax to subsidize oilfield workers. Workers in every industry would love that kind of assistance from their fellow citizens.
I take no pleasure in people losing their jobs, but that's capitalism. There are winners and losers, and the winners and losers today could be reversed next year. The people with a few extra dollars in their pocket now due to oil prices shouldn't be obligated to bail out the oil patch, any more than the oil patch should be obligated to bail out anybody else.
Remember those "let them freeze in the dark bumper stickers?" Karma has a way of coming back around.
Posted on 9/24/15 at 1:39 pm to tgrbaitn08
quote:
such a bad arse, I bet you have truck nuts hanging from your Honda Accord
Im not trying to be a badass when I say that these people affected by the layoff will be alright, provided they saved for a rainy day.
If we want to stop beating around the bush, you and I both know that a lot of these people pissed away good money on toys and other crap, and are in the position they are in because they bought shite they couldn't really afford.
Posted on 9/24/15 at 1:39 pm to BigSquirrel
you do know that roughnecks make about 40k/yr, right?
Posted on 9/24/15 at 1:40 pm to BigSquirrel
quote:
This is just me thinking out loud, bear in mind I don't know anyone who works in the industry and have had no experience with oil field workers, their salaries, or their vehicles other than to come here and read about them. Why not just pay them a normal wage that could sustain the amount of workers each company has through the ups and downs of such a volatile field? Or is it that they simply live in trailers but spend more money on HD vehicles to fit in? Help me out here... are they likened to plant workers, overpaid to do shite work and they are essentially plug-n-play?
Because a free market economy doesnt work that way. When things are busy, companies have to pay more to attract and keep good workers. When times are slow, they are not just going to keep un needed workers on the tit just for the hell of it
Posted on 9/24/15 at 1:41 pm to thegreatboudini
quote:
you do know that roughnecks make about 40k/yr, right?
Which is a ton of money for unskilled labor.
Posted on 9/24/15 at 1:41 pm to elprez00
That nobody wants to do.
This post was edited on 9/24/15 at 1:42 pm
Posted on 9/24/15 at 1:41 pm to Salmon
quote:
O&G guys with inflated salaries
I see a lot of this. How much do you people actually think an average O&G worker makes? Because it isn't 6 figures.
It isn't even high 5's
This post was edited on 9/24/15 at 1:42 pm
Posted on 9/24/15 at 1:42 pm to anc
you do realize that the industry starting tanking 1 year ago. Layoffs started last Oct/Nov and have been increasing every month since.
If you got laid off of your job, do you have enough money saved up to be out of work and still support you family and lifestyle for a year? 6 months?
If you got laid off of your job, do you have enough money saved up to be out of work and still support you family and lifestyle for a year? 6 months?
Posted on 9/24/15 at 1:42 pm to KG6
quote:
It's not that everyone gets paid crazy money for very little skill. I personally know 3 people with engineering degrees laid off yesterday. I've not been worried for my own job, but after this round, there aren't that many low-hanging fruit left. I am concerned at this point. I have an engineering degree, have moved up quickly in the company, and have been explicitly told I am considered a high potential employee that they look for me to advance within the company. Even still, I am worried for my job over the next year. It's not just joe blow pulling pipe wrenches that is being affected.
And even joe blow who has no skill is getting paid because he's willing to do something no one else is willing to do. Live on a little man made island in the middle of the gulf for weeks at a time working 12 hour shifts. That's why he get's paid so much, not because the oilfield is stupid and is throwing money around like it's fake. They have to pay to get people who are willing to do that.
I don't think everyone is assuming that these are just oil field jobs. But let's be honest. You are probably making at least 30% more as an engineer in the O&G industry than an engineer not in the industry. So save your money when the getting is good because eventually it will tighten up.
Posted on 9/24/15 at 1:42 pm to KG6
quote:
It's not that everyone gets paid crazy money for very little skill. I personally know 3 people with engineering degrees laid off yesterday. I've not been worried for my own job, but after this round, there aren't that many low-hanging fruit left. I am concerned at this point. I have an engineering degree, have moved up quickly in the company, and have been explicitly told I am considered a high potential employee that they look for me to advance within the company. Even still, I am worried for my job over the next year. It's not just joe blow pulling pipe wrenches that is being affected.
This sounds like my wife.
quote:
And even joe blow who has no skill is getting paid because he's willing to do something no one else is willing to do. Live on a little man made island in the middle of the gulf for weeks at a time working 12 hour shifts. That's why he get's paid so much, not because the oilfield is stupid and is throwing money around like it's fake. They have to pay to get people who are willing to do that.
But she's in the Permian and not offshore.
Posted on 9/24/15 at 1:42 pm to LSU8654722
quote:
How much do you people actually think an average O&G worker makes?'
About an F-250 a year :)
sorry I had to.
Posted on 9/24/15 at 1:43 pm to LSU8654722
quote:
I see a lot of this. How much do you people actually think an average O&G worker makes? Because it isn't 6 figures.
I figured $45k-$50k. I have no idea.
But that's good money for skilled labor.
Posted on 9/24/15 at 1:43 pm to tgrbaitn08
quote:
and are having massive layoffs as well as stacking a shite ton of vessels.
Yup. Luckily my position is severely understaffed and I'm not limited to the O&G industry. Would still like to avoid getting laid off though.
Posted on 9/24/15 at 1:43 pm to jennyjones
quote:
Because a free market economy doesnt work that way. When things are busy, companies have to pay more to attract and keep good workers. When times are slow, they are not just going to keep un needed workers on the tit just for the hell of it
I've been in the public sector too long, I just remember the private sector was hell. They expected results.
Posted on 9/24/15 at 1:44 pm to BigPerm30
quote:
But let's be honest. You are probably making at least 30% more as an engineer in the O&G industry than an engineer not in the industry. So save your money when the getting is good because eventually it will tighten up.
so what about engineers not in the industry getting laid off?
Posted on 9/24/15 at 1:45 pm to thegreatboudini
quote:
That nobody wants to do.
WHO CARES?
If you are an unskilled laborer, you can make $19/hr in the oil fields, or $10-12/hr as a general laborer.
If you don't like that, acquire a skill. I don't owe you shite.
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