Infographic: The Economy's Best Kept Secret - A Career In The Skilled Trades


The skilled trades gap is creating career opportunities like never before. Which career fields are most profitable?

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The skilled trades labor crisis is real. Reported numerous times by the Washington Post and other large news sources, there simply is not enough talent to fill the vacant skilled trades positions available today, whether it be plumbers, electricians, flooring experts, and others. As more and more parents send their kids off to college to receive a liberal arts degree, fewer families (and schools) are promoting the lucrative earning potential that comes from learning a hands-on trade, right in their community.

And what's worse, students are leaving college with massive amounts of student loan debt, at a staggering average of over $156,000 per student. Couple that with a dwindling number of available positions for entry-level workers, the 2019 economy can appear to be an impossible hill to climb out of. But it doesn't have to be that way. 

For those discovering careers in the skilled trades, the sky is limit both in career advancement and earning potential. Rather than spending 4 years in college and racking up debt, they're finding careers that allow them to earn while they learn and often times hit their mind 20's not only debt-free but well on the path to financial freedom. 

This is why a career in the trades might be the economy's best-kept secret and could be the key to rebuilding the middle class. As more and more people discover the abundance of jobs available and the earning potential of these jobs we'll begin to position today's young people for successful futures, rather than placing them on the starting line with a mound of debt. Good, strong careers with unlimited earning potential. 

Earning Potential

So which skilled trades have the most earning potential? Here are just a few example skilled trades job that can put you on a path for financial success:

  1. Carpentry: Put homes and commercial buildings together and make them look great by framing, building structural elements, installing decorative details, and even creating cabinets and furniture.
    • Median salary: $42,700
    • 10-year projected job demand: 1,052,344
    • Training required: 12-week certification or 12-months as an apprentice
  1. Electrical: Bring the power to residential and commercial buildings as well as appliances and even large machinery by designing, installing, and maintaining electrical systems.
    • Median salary: $57,350
    • 10-year projected job demand: 844,451
    • Training required: 2-4 years with apprenticeship
  1. Plumbing: Keep the water in homes and businesses flowing smoothly by designing, installing, and maintaining supply lines, waste disposal systems, appliances and fixtures.
    • Median salary: $55,050
    • 10-year projected job demand: 622,117
    • Training required: 2-4 years with apprenticeship
  1. HVAC: Make sure indoor environments in homes and businesses are always comfortable by installing and maintaining heating, ventilation, and air conditioning systems.
    • Median salary: $57,600
    • 10-year projected job demand: 392,291
    • Training required: 6 months to 2-years
  1. Appliance Repair: Keep homes (especially smart homes) and businesses running by installing, repairing, and adjusting, including gas appliances, refrigerators, washers dryers, and ovens.
    • $50,200
    • 10-year projected job demand: 43,034
    • Training required: 6-weeks to 6-months

What Works Best for You?

Whether you’d prefer to get down and dirty with plumbing and HVAC, or would rather work from a technical perspective as an appliance repair specialist or electrician, the sky is the limit when it comes to skilled trades. As you can see, when combined, there are millions of job availabilities between all of these trades today, with not enough labor to fill the positions. As a result, the median salary is only going to increase, benefiting you now and in the long run.

Mull over your interest, and have your pick at a future that promises nothing but steady income and reliable job demands.

 

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2 months ago, in About the Trades by Jason Burns
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