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Posted on 9/24/15 at 1:59 pm to tgrbaitn08
quote:
most of these people getting laid off are over qualified and cant get jobs at fast food places
they could become a server or a waiter.
never overqualified for those, especially with school in session... They are looking for full-time servers hard right now
Posted on 9/24/15 at 1:59 pm to MontyFranklyn
At minimum there should have been some consequences to the players involved. Clawbacks, criminal prosecutions, something. A lot of those guys are back doing the same damn thing they were doing before, and next time it goes south, they'll be back to Uncle Sam with their hand out again. And feeling no shame about it.
Posted on 9/24/15 at 2:00 pm to tigerbru17
quote:Exactly. The demand on this job is dependent on too many other things. If you got a degree in STEM, you could at least translate you skills in a wide variety of ways. Your friend on the other hand is in a pool that is field with millions of people that can do his job. Manual labor is cheap for a reason.
Guy I went to school with dropped out and laughed at us all for getting college degrees. Got a job in the oil field. Bought his brand new sports car, new house, and even got married. Saw him at the bar a couple years back and he laughed when I mentioned student loans, even bought a round of beers because he says he "skipped some steps in life and money is not an issue."
These are the a-holes I don't give two fricks about when gas is cheap.
He now sells advocare and drives a rental.
Posted on 9/24/15 at 2:01 pm to LSU8654722
quote:
Roughnecks make 30-35K a year starting out.
I say again, thats great money for unskilled labor.
quote:
Welders who have been working for several years get 50/hr. They actually make around 16-20/hr first couple of years.
$20/hr is $41,600/yr with no overtime or benefits. For someone thats just starting out and has no skill. I say again, that is not terrible money. Once you get certified, you've got a lot of earning potential for a highly skilled labor position that there will always be a demand for, albeit at varying price points.
Posted on 9/24/15 at 2:01 pm to SabiDojo
Always saving for these rough times is a must. One thing my dad always told me and I had to witness growing up, as he was an exploration geophysicist in Houston. I've directly felt every downturn since 1980.
Posted on 9/24/15 at 2:02 pm to elprez00
So, take $12/hr.
A roughneck works 7/7 with 12 hour shifts.
So in his work week he works 84 hours.
40 x 12 = 480
44 x (12x1.5) = 792
Add on $60/day per diem for keeping them away from their homes and on the rig for a week straight.
You're talking about less than $44,000 annual salary.
I'm sorry, but you clearly know nothing about hiring these people, what they make, what they do, or what they're worth.
Just please stop posting about topics that you know nothing about. It's comical.
A roughneck works 7/7 with 12 hour shifts.
So in his work week he works 84 hours.
40 x 12 = 480
44 x (12x1.5) = 792
Add on $60/day per diem for keeping them away from their homes and on the rig for a week straight.
You're talking about less than $44,000 annual salary.
I'm sorry, but you clearly know nothing about hiring these people, what they make, what they do, or what they're worth.
Just please stop posting about topics that you know nothing about. It's comical.
This post was edited on 9/24/15 at 2:14 pm
Posted on 9/24/15 at 2:02 pm to Jim Rockford
quote:The thing is, for the most part Wall Street is zero sum game. Although a lot of people got cleaned out, there were almost just as many that cleaned up. These companies were making bets and got burned. It is all legal.
At minimum there should have been some consequences to the players involved. Clawbacks, criminal prosecutions, something. A lot of those guys are back doing the same damn thing they were doing before, and next time it goes south, they'll be back to Uncle Sam with their hand out again. And feeling no shame about i
Posted on 9/24/15 at 2:03 pm to ColoradoAg03
It's scary.
Posted on 9/24/15 at 2:07 pm to elprez00
quote:
$20/hr is $41,600/yr with no overtime or benefits. For someone thats just starting out and has no skill. I say again, that is not terrible money.
Welding and fitting are skilled trades.
Posted on 9/24/15 at 2:08 pm to thegreatboudini
quote:
you do know that roughnecks make about 40k/yr, right?
No they don't, roustabouts make more than that. Roughnecks were making close to 80k. And yea they only work half the year but it is work. Rough work in the elements and physically demanding. They work hard, live in shitty conditions and miss out on birthdays and holidays. They deserve to be paid.
I'm wondering how construction is going to do when these smaller E&Ps start defaulting on their loans. Is money going to be tougher to get?
The jobs being lost are mostly $80-150k jobs being lost by the thousands. I don't see how communities with a large number of these workers in them won't be negatively impacted. You are taking millions out of the local economy, most will feel the pinch.
Posted on 9/24/15 at 2:09 pm to LSU8654722
quote:
Welding and fitting are skilled trades.
Not what I mean, my bad. A guy just starting out has no skill in the fact that he has no experience. Said that confusingly.
Posted on 9/24/15 at 2:09 pm to Salmon
quote:
in LA and TX, we are all losers in this downturn
Eh, I don't know about that. There are many fields that are being affected, but to say everyone is a "loser" during this downturn isn't true.
Posted on 9/24/15 at 2:10 pm to The Egg
quote:
A lot of small restaurant and family businesses are closing too.
quote:
who cares about them anyway, it's about the low gas prices.
With all the money everyone is saving on gas prices, they'll go out to eat more and shop at these family businesses. Right?
Posted on 9/24/15 at 2:12 pm to JJBTiger2012
My advice to anyone laid off would be get your CDL to last until things pick up. Damn near every trucking company I pass says NOW HIRING
Posted on 9/24/15 at 2:13 pm to Epic Cajun
quote:
There are many fields that are being affected, but to say everyone is a "loser" during this downturn isn't true.
I'm sure there are plenty of people that won't feel it financially, or might even make more money, but as an overall community, I still say we are all losers. O&G drives LA economy.
Posted on 9/24/15 at 2:13 pm to Salmon
Well if I can't get a job, perfect time to start farmin 
Posted on 9/24/15 at 2:14 pm to LSU8654722
A welder can weld
A fitter can fit
But the portacan man
knows all y'alls shite
A fitter can fit
But the portacan man
knows all y'alls shite
Posted on 9/24/15 at 2:14 pm to redneck
There is tons of work across the country. People refuse to move.
Posted on 9/24/15 at 2:17 pm to thegreatboudini
quote:
So, take $12/hr.
A roughneck works 7/7 with 12 hour shifts.
So in his work week he works 84 hours.
40 x 12 = 480
44 x (12x1.5) = 792
You're talking about less than $44,000 annual salary.
Um, 480+792+420= $1692*26 weeks = $43,992.
Except oilfield general labor isn't making $12/hr, they're making $19-20. You can get $12/hr right now today at Labor Finders sweeping parking lots on construction sites.
So 40x20= $800.
44x30= $1320.
Then add your per diem of $420. = $2540*26 (Based on 7/7)= $66,040.00. And thats not including fringe benefits, healthcare compensation, etc.
quote:
Just please stop posting about topics that you know nothing about. It's comical.
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