Home › Forums › Financial Markets/Economics › The $100K jobs no one wants
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CA renter.
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November 19, 2012 at 2:56 PM #20295November 19, 2012 at 3:05 PM #754916
CoronitaParticipantdon’t believe everything what the MSM posts about $100k jobs…
November 19, 2012 at 3:16 PM #754917bearishgurl
Participant[quote=flu]don’t believe everything what the MSM posts about $100k jobs…[/quote]
Oh, I don’t think these jobs pay $100K straight out of school. But I believe many of them pay $55-80K straight out of school WITH full benefits and generous leave pkgs. And I believe a new hire can work their way up to a $100K annual salary in 3-5 yrs if they are truly motivated and know their stuff.
This is VERY good, considering the GM school is likely 24 mos long (same length as many ROP programs in CA) and a truck-driving school is 12-18 months long. They are likely FT schools where the student has to punch in and out every day, the same as they would with an employer.
Why don’t you watch the video, flu, instead of being so “skeptical.”
Next time you have a “typical” $1200 bill on your Bimmer at the shop, ask yourself how much they actually have to pay someone (who knows what they’re doing) to work on it.
November 19, 2012 at 3:33 PM #754921Hobie
ParticipantRemember these guys are commission only. So a good work ethic, er, fast production the better their $. Wonder why dealerships are non-union?..
November 19, 2012 at 3:37 PM #754918flyer
ParticipantGood article, BG.
Unfortunately, the way kids are today–living in denial about the job opportunities that await them–I can see why there might be no “takers.”
My kids were lucky and got great jobs a few years ago right out of college, but the world has changed drastically since then, and, according to many people we know–even though relatively few young people are getting good jobs out of college or otherwise–this is still going to be a “hard-sell.”
Guess they’ll just have to start tapping those trust funds.
November 19, 2012 at 3:44 PM #754922CoronitaParticipant[quote=bearishgurl][quote=flu]don’t believe everything what the MSM posts about $100k jobs…[/quote]
Oh, I don’t think these jobs pay $100K straight out of school. But I believe many of them pay $55-80K straight out of school WITH full benefits and generous leave pkgs. And I believe a new hire can work their way up to a $100K annual salary in 3-5 yrs if they are truly motivated and know their stuff.
This is VERY good, considering the GM school is likely 24 mos long (same length as many ROP programs in CA) and a truck-driving school is 12-18 months long. They are likely FT schools where the student has to punch in and out every day, the same as they would with an employer.
Why don’t you watch the video, flu, instead of being so “skeptical.”
Next time you have a “typical” $1200 bill on your Bimmer at the shop, ask yourself how much they actually have to pay someone (who knows what they’re doing) to work on it.[/quote]
Um…more and more truck drivers are contractors.
And BMW stealership might charge $200/hr for labor, but most of it does not go to the individual mechanics. (Actually, the first 4 years of ownership, maintenance is free, so I don’t know what the billout to the factory is for scheduled maintenance)… Also, a lot more of the BMW cost isn’t just labor but also parts these days.
Typical oil change is around 150 bucks. Because you figure these days, 8 quarts of synthetic oil at lets say $8/pop + a $15 filter. Dealer isn’t charging $200/hr for an oil change. And most of it goes to the shop, not individual mechanics…I agree with one point though…It’s a good time to OWN a mechanic shop.
November 19, 2012 at 3:45 PM #754923CoronitaParticipant[quote=flyer]Good article, BG.
Unfortunately, the way kids are today–living in denial about the job opportunities that await them–I can see why there might be no “takers.”
My kids were lucky and got great jobs a few years ago right out of college, but the world has changed drastically since then, and, according to many people we know–even though relatively few young people are getting good jobs out of college or otherwise–this is still going to be a “hard-sell.”
Guess they’ll just have to start tapping those trust funds.[/quote]
I think the greatest gift a parent can teach their kid is how to accumulate wealth by pushing around a bunch of paper and buttons…
The money is the same.. Provided it’s legally , ethically, and morally earned, what difference does it make? Why drive a winding road, when the direct road is a much less painful way? I wish I had someone that explained that to me earlier. I’m still learning the hard way…
November 19, 2012 at 3:53 PM #754925UCGal
ParticipantI haven’t ruled out encouraging my kids to go into a “trade” if they look like they aren’t interested in anything career oriented for college.
I could totally see one or the other becoming and HVAC specialist, or a plumber.
My husband is on a lot of big commercial jobsites. (He’s an architect.) He regularly observes that the plumbers are the richest guys on the site. Often richer than the GC and even, sometimes, richer than the developer.
Getting trained for skilled trades is not a bad way to go.
November 19, 2012 at 4:02 PM #754926ParticipantOh, I agree, flu. My parents, grandparents and I did that, my kids are doing that+ they do have their trust funds.
My point was, that the reality is, if the “easy money”–from whatever source–doesn’t come their way–many kids today aren’t prepared to do anything at all.
Whatever kids choose to do, hopefully they can achieve their dreams AND support themselves.
November 19, 2012 at 4:20 PM #754928CA renter
Participant[quote=UCGal]I haven’t ruled out encouraging my kids to go into a “trade” if they look like they aren’t interested in anything career oriented for college.
I could totally see one or the other becoming and HVAC specialist, or a plumber.
My husband is on a lot of big commercial jobsites. (He’s an architect.) He regularly observes that the plumbers are the richest guys on the site. Often richer than the GC and even, sometimes, richer than the developer.
Getting trained for skilled trades is not a bad way to go.[/quote]
Absolutely. We’re also going to encourage our kids to learn a trade, even if they do go to college. It might take them a bit longer to do both, but it’s always better to have a “plan A” and a “plan A.2,” just in case.
November 19, 2012 at 4:29 PM #754929ParticipantI’ve currently got three young nephews (25 yrs and under) working on “frac crews” in those dreaded “flyover states.” The 25 yo has an associate degree, one has a HS diploma and the other one has a GED. Their salaries range from $110K to $145K annually. Hotels (usually Best Western) and per-diems are included in their pay pkg.
The 26 yo spouse of my 19 yo niece returned 2.5 yrs ago from the crew and promptly built (with his dad’s help) a beautiful large log home with a wrap around porch on a 10 AC parcel his grandmother left him. He’s now a certified John Deere mechanic and they have NO MORTGAGE.
Of course, ALL of these young men drive the latest 4WD vehicles and also own late model cars, all free and clear.
Not EVERY “college age” Gen Y is racked up with student debt and needs a Starbucks in order to motivate themselves to get out of bed in the morning :=0
November 19, 2012 at 4:42 PM #754931CoronitaParticipantCool…
Hey, I’m not complaining about auto mechanics. I wouldn’t mind doubling up as one occasionally…
There’s a misconception about why some car repair bills are so high.. Beyond just the labor, these days it’s parts. Most problems are in the electronics…Mechanics don’t repair electronics… they swap boards….
And frankly, anyone reasonably mechanically inclined can do this.. all they need is the factory shop manual and access to sometimes specialized tools and scanners…
People who can debug these cars and repair electronics (rather then sending them to the factory for a swap) probably can make a lot of money. BUT, most people who are mechanics don’t have the skills for that.
There’s also the other angle… Labor jobs are great when you’re young and healthy…Not so great when you get old and have health issues…That becomes apparent when you’re working on a car day in and day out.
November 19, 2012 at 4:50 PM #754932Participant[quote=flu]Cool…
Hey, I’m not complaining about auto mechanics. I wouldn’t mind doubling up as one occasionally…
There’s a misconception about why some car repair bills are so high.. Beyond just the labor, these days it’s parts. Most problems are in the electronics…Mechanics don’t repair electronics… they swap boards….
And frankly, anyone reasonably mechanically inclined can do this.. all they need is the factory shop manual and access to sometimes specialized tools and scanners…
People who can debug these cars and repair electronics (rather then sending them to the factory for a swap) probably can make a lot of money. BUT, most people who are mechanics don’t have the skills for that.
There’s also the other angle… Labor jobs are great when you’re young and healthy…Not so great when you get old and have health issues…That becomes apparent when you’re working on a car day in and day out.[/quote]
flu, even if you spend $50 to $100 for your vehicle’s shop manual, these “specialized tools and scanners” you speak of here can run up to $80K apiece (for the European models).
Joe6p “car enthusiast” doesn’t usually keep one of these in his garage (next to his old frig with a keg inside).
November 19, 2012 at 5:05 PM #754933ucodegen
Participant[quote=flu]don’t believe everything what the MSM posts about $100k jobs…[/quote]I’ll second that. While a dealer charges about $60/hr on labor, the person doing the work actually gets a small fraction of that.. closer to $17/hr. You only get close to 100k/yr driving tractor trailers if you transport hazardous materials and drive in difficult areas. Ice road drivers can approach 100k/year.. but it takes a lot of work.
November 19, 2012 at 5:08 PM #754935Participant[quote=bearishgurl]I’ve currently got three young nephews (25 yrs and under) working on “frac crews” in those dreaded “flyover states.” The 25 yo has an associate degree, one has a HS diploma and the other one has a GED. Their salaries range from $110K to $145K annually. Hotels (usually Best Western) and per-diems are included in their pay pkg.[/quote]Oilfield pay is a different equation all together.. the good paying jobs on the oilfield are also very dangerous and physical.
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