I highly doubt that blue collar workers get anywhere near that much. If they did, everyone would try to work in that industry because the barrier to entry is comparatively very low.
If you read my comment, I'm not really talking about blue collar workers, but more people who used to be bluecollar workers but eventually became small business owners of companies employ blue collar labor. My cousins who used to be electricians can easily make $250k/year by employing a team of <10 electricians to do the manual work. $400k/year doesn't seem out of reach at all, and they might get that just by moving business to a higher CoL area than the suburban South
That's an old joke:
Surgeon to plumber: "You are charging higher prices than I get for performing surgery!"
Plumber: "Yeah, I make more money now than when I was a surgeon, too."
https://www.forbes.com/sites/susanadams/2013/10/04/why-shoul...
Yes, these are blue collar workers.
It's also what top surgeons get paid.
Your point is valid, but that is nowhere near the top of surgical salaries - closer to the average.“”” The salary figures fall short of numbers reported by other survey groups: a Medical Group Management Association report using 2010 data, found that the average compensation for radiologists was $471,253 and for pediatricians it was $192,148, Kaiser Health News reports. “””
http://time.com/4408807/surgeon-salary-how-much-doctors-make...
Here's some math:
- median age of retirement: 63.
- median UPS salary over lifetime: $70k.
- UPS driver lifetime earnings = 70k * (63-18) = $3.15m
- Median doctor salary: They usually earn around 150k total during their residency, and the median is around 180k beyond that (typically age 30+)
- MD lifetime earnings = 150k + 180k*33 = 6.09m.
- MD education debt is typically around 500k, adjusting earnings to 5.59m. Accounting for hours worked, MD equivalent lifetime earnings are 3.72m.
I mean no disrespect to the work ethic of any blue collar job, but do you really believe the guy who cured you of cancer isn't worth the extra 600k over their lifetime compared to the guy who dropped off your replacement phone charger?
In the United States, the richest 1 percent have seen their share of national income roughly double since 1980, to 20 percent in 2014 from 11 percent. ...
No other nation in the 35-member Organization for Economic Cooperation and Development is as unequal among those with comparable tax data, and none have experienced such a sharp rise in inequality.
...
Almost all of the growth in top American earners has come from just three economic sectors: professional services, finance and insurance, and health care, groups that tend to benefit from regulatory barriers that shelter them from competition.
The groups that have contributed the most people to the 1 percent since 1980 are: physicians ...
The United States also stands out in terms of how much money its elite professionals earn relative to the median worker. Workers at the 90th percentile of the income distribution for professionals make 3.5 times the earnings of the typical (median) worker in all occupations in the United States. Only Mexico and Israel, which have very high inequality, compensate professionals so disproportionately.
https://www.nytimes.com/2017/11/17/upshot/income-inequality-...
My father is a doctor and he finished paying off his education at 48. I make half what he made and finished paying mine off at 28. I'm drastically more wealthy now, and will be wealthier when I retire. This seems strange given the significant difference in income.
1980 is a very peculiar data point to mention. That year is pretty much exactly when minimum wage and tuition suddenly diverged. Between 1965 and 1980, A full time summer job at minimum wage could consistently pay for ~45% of your tuition. In the next 15 years, it dropped to around 20-25%. Running the numbers for 2017-2018, in-state tuition is 20%, out of state is 11%, and private is 8.6%.
The groups that have contributed the most people to the 1 percent since 1980 are: physicians ...
With all that in mind, this statement doesn't seem unreasonable to me. If education prices have skyrocketed, shouldn't the career that spends the most in education (both time and cost) be compensated accordingly?
Point being, income is only half of the equation to wealth. That article doesn't bother mentioning debt at all.
Relevant assumptions/data:
Summer job: 14 weeks @ 40hrs per week
Tuition costs 2017: https://trends.collegeboard.org/college-pricing/figures-tabl...
Older tuition costs: https://nces.ed.gov/fastfacts/display.asp?id=76
Minimum wage: https://www.dol.gov/whd/minwage/chart.htm
Do you really think you should pay twice as much in the US compared to other countries with equal quality?
https://www.politico.com/agenda/story/2017/10/25/doctors-sal...
(Also on HN today)
400k is seen quite often e.g. here: http://www.gaswork.com/search/Anesthesiologist/Job/All
So it would seem one just needs to choose the right niche, and doesn't even need to be the top.
To get in, yes there is no barrier to entry, just find a trade school or union to accept you for training.
However, the program and training is no joke. You have to have the aptitude and dexterity to do the job and complete the training.
The barrier to entry is not low though, it's incredibly hard to become a crane operator due to the unions.
It sounds like you have to network hard and get very lucky to get that 500k per year salary and it probably doesn't last forever.
I've heard several stories from older people who said that they were earning ridiculous amounts at some point in their lives but it only lasted a couple of years and then their salaries dropped back to average ranges once their contract ran out and started working for normal companies again.
Salaries don't necessarily keep going up based on experience.
http://thestartupconference.com/2017/03/25/the-350k-google-s...
The total comp is in practice also generally a bit lower because most of those companies backload the vesting
Many of these people might have some quasi-managerial duties (interacting with other parts of the organization, helping with recruiting, ...), get roped into more meetings than they would like, or make high-level technical decisions and delegate work to a handful of more junior engineers, but most of them are sitting at their desks writing code a significant part of the day (or perhaps rewriting the schlocky code that the junior engineers just handed in).
The place I am now starts fresh grads as Engineer I, then Engineer II, Senior Engineer, Principal Engineer, Architect and then Staff Engineer. Each promotion takes about 4-5 years so you aren't reaching Staff until about 20 years. A Staff Engineer is basically fully autonomous and is an IC that reports directly to the executives. They work on what they want and with who they want.
I understand this is different at Google and I guess Staff is the equivalent to a Google Fellow.
Also keep in mind I said "usually" in my original comment. Blue collar labor and software engineering are not directly analogous because yes, there are software developers at the high end that are making a lot of money compared to some of the best blue collar workers. But it's still only a small percentage of them making that much, and I wouldn't mention those figures to someone looking to go into software for that reason
That's why you said:
"when it's usually 10-20+ year tenured engineering managers at a few specific companies"
right?
I'm not a top-shelf engineer, but I'm perfectly capable of working on a team and producing good work. Finding jobs is an extremely difficult process.
I can't say how many crews are run like his was, but I also don't think it's fair to assume that all those guys are making next to nothing. The roofing season is so short and the money good enough that I'd bet that having someone you trust to move fast while maintaining quality would be worth a significant amount over minimum wage. Having worked with him on my summer breaks in high school, it took me a full season to get to the point where I was even close to keeping up with his regulars. I'd also bet the money being pretty good, not bad, is why you see groups of the same ethnicity working together since they probably recruit and train each other whenever there's a vacancy.
I'm not sure if I understood correctly, that your dad's crew was mostly immigrants, why do you think it was like that? If pay was good and semi-skilled (easy to train), why mostly immigrants?
There are millions of immigrants in the U.S. who are legal; why would you think these people are not? I guess my point is, it's not a good assumption and has bad consequences: People having their legality questioned based on no evidence.
On one hand, I understand that people don't want to be challenged or to write dissertations for casual conversation. On the other, we know that misinformation spreading through 'internet forums' in the form of 'guesses' is a problem, that HN isn't a typical internet forum, and that 'guesses' are often challenged here.
DIY subreddit is also a good place to search and ask questions.
I wouldn't want my home improvement projects to look half-assed just because I wasn't experienced or knew the "best practices" for the given home improvement task.
Painting is especially easy, if you screw up some spot, you can always return and repaint (worst case you'll have to do that couple times :)) Painting equipment is (relatively) cheep, you can cover floors with plastic covers/blue tape and don't worry about screwing floors/doors while you learn :) https://www.youtube.com/watch?v=oNagIA8sKY0 watch these videos and you'd be ready to start. Cutting wall/ceiling line by hand is not that hard (the video has a trick), there're also "helper tools" for cutting lines in home depot/lowes. One trick is that if you go with light color on walls, perfect line with white ceiling doesn't even matter, you won't notice small deviations anyway.
If have doubts in your own skills (I did), try starting with closets and bedrooms. Only then move to living rooms/kitchens. If you screw up closet or your bedroom - it's not that of big deal. Though if watch above video series, it's really hard to screw up too much.
I can do most home maintenance stuff - electrical, most plumbing, fixtures, appliance repair, etc. I pay someone to do drywall work or painting - because I'm pretty picky and I can always see where my work falls short.
I think you'll find for finishing work practice makes perfect and is where professionals shine. You can certainly do professional quality work, but expect a learning curve and to be re-doing sections of projects that don't turn out too well. I know several homeowners who have re-done bathrooms themselves, and only one would I say turned out professional looking in quality. That guy is simply a perfectionist who spent an inordinate amount of time on the project.
I kind of would want to be a bit further up the learning curve, but if you only have 1 or 2 bedrooms, you don't have much by way to learn, so it seems like having a professional is probably worth the premium vs. your own labor (if you're like me and highly value the aesthetic end result).
I can buy good paint, brushes, and tape. I can take my time, I can let paint dry over multiple days, do touchups, keep properly mixed cans (mixing two cans of the same color into one).
There are two aspects to being a "professional" tradesman.
1) Do it _better_ than others
2) Do it profitably
#1 is something you as an individual can overcome with practice, #2 is generally a hard constraint which sometimes compromises the goals of #1.
The second is, find people you know that do blue collar work, whatever it happens to be (whatever you're wanting to learn). For example, I know a few guys that work as unlicensed handymen, most of them are quite skilled at what they do, they just frequently work under the table. Pay them for their time to speed up your learning process on specific tasks.
I tend to focus on the types of tasks that I'll have occasion to do many times, such as painting and/or things that may just not look as good as if I hired someone to do them but won't cause any real problems if they're not quite right. I agree that it's mostly just putting the time and effort in--and, of course, there are only so many different things most of us can put our own effort into.
First step is to read What Your Contractor Won't Tell You [WYCWTY] https://www.amazon.com/What-Your-Contractor-Cant-Tell/dp/097... I wish I had this book before I started. Practical advice from a person who has remodeled 100s of houses. With checklists of things I didn't even know to ask about. I now buy this book for everyone I know thinking of having some work done.
By analogy, WYCWTY is like the Rapid Development and Code Complete type books. It covers that middle gray area between code construction and project & product management. Practical methodology, if you will.
Next, buy every book, watch every video. The best construction books (for me) come from Journal of Light Construction. Their field guides are spendy, so I snagged them thru camelcamelcamel. Also buy some fairly recent code books. Just keep reading, watching, experimenting until understanding.
Next, find local tradesmen who are willing to do side work. There are a lot of very qualified people who are happy to do spot work for cash. For the people I hire, I'm their gopher, cleaner, extra pair of hands. They're taking time away from their families, so I try to make it as painless as possible for them to help me.
Yes, the videos are great. But I've learned more from watching and helping. Two recent examples. #1 I had my guy rehang a new door. OMG. When I tried it myself, I had done everything wrong. This pro rehung the door faster and more true than I would have ever figured out on my own. I have 3 more doors to hang and now I know I'll get it right. #2 I also had a pro come in and hang then mud drywall. OMG. I had done everything wrong. This guy had some many tricks of the trade. Despite reading the books and watching the videos, I had never seen drywall hung before. I totally made a hash of it.
Lastly, buy all the tools, same ones contractors use. For example, I had lot of framing to do, so I bought a Hitachi nailer, the recommended compressor, etc. Now when a tradesmen shows up, I have the proper tools (makes everything easier). Plus, when I finish my remodel, I know I can get most of my money back. Overall, cheaper than renting or buying non-pro gear.
You'll waste a lot of time and money doing things yourself. But if you've got the stomach for it, I think you'll come out ahead. Teach a man to fish and all that.
Just to make sure I understand you correctly, you mean by selling the equipment you bought, right?
Never do anything structural/load-bearing. Avoid touching window-headers/columns, door-headers/columns, that random beam in the middle of your living room, that random pillar that you wish you know what was for, and that really inconvenient wall between your kitchen and your dining room (those are likely "important" points).
Other than that, paint... sheetrock... siding... sheds... trim... cosmetics... run wires... drill (some) holes... attach things to things... it's your house!
I learned the most by watching Income Property and Holmes on Homes.
Now some dickwad comes and tells me "man, that is illegal". k
> I know it's meant to stop idiots from doing work that could endanger them and others
Yes, and it's a lot bigger problem than you might think. You know what you are doing, but 99% of people don't, and they will happily murder the next owner / next occupant through their own malpractice, without even thinking once about it. I've seen professional home builders screw this up and fail inspections, multiple times. It's a real and common risk.
That is _not_ the person I want working on a gas line (which is "plubming") on a house I'm going to buy in the future.
I'm sure you're a special little snowflake that's good at everything, but if you don't feel comfortable getting a permit for permit / license-required work, then... um... maybe you shouldn't be doing it? That's the context for the advice I gave to the parent poster.
Professionalism, negotiation skills and quality service encourage referrals in places where friends / neighbors know one-another. That is, towns where customers having fewer friends or acquaintances (like neighbors or social media connections) tend not to scale via referral network effects. Also, a lifestyle business can scale somewhat by adding good employees carefully and encouraging a decency culture with accountability.
TL;DR - better companies need better cultures; keep superconnector customers insanely happy
Don't kid yourself. Those new hires are at other jobs making more money. I am booked for a roofer in feb 2018 (fingers crossed - friend of a friend). Blue skills are in extremely high demand. And those guys are working extremely hard making really high incomes (400k+). These guys are highly paid and are not messing around -- most saw 2008. They drive nice trucks, own their company, have rude secretaries and wont look at your email until feb 18 (fingers crossed). Look at a blue collar guys' current circumstance: no competition (know anyone learning HVAC?), a HUGE housing boom in cali, pass through low tax income, 2k homes burned (wtf), no outsourcing (try outsourcing a plumber) -- as my mentor said: "Harvest time".