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In California if you are a plumber, roofer, HVAC, electrician etc you can make six figures. If you own a small contracting business in one of the above fields y
by aaavl2821 9y ago
In California if you are a plumber, roofer, HVAC, electrician etc you can make six figures. If you own a small contracting business in one of the above fields you can clear $400K a year, tax free, for like 6 months of work. The real estate boom in CA combined with a shortage of skilled blue collar labor means that if you have these skills you literally have a 2-6 month waitlist for your work
I know some people who grew up in very low income situations, in and out of jail, but took an HVAC or plumbing course and are now making $150-200K at age 25-30
Of course this is definitely not recession proof but I was super surprised to learn this
- JoeAltmaier 9y agoDefinitely not recession-proof. Would suspect a very high recession correlation due to drop in housing starts, deferral of maintenance on existing homes in hard times. So maybe not the recession occupation of choice?
- dver 9y agoWith the North Bay fires toss in several billion dollars of insurance money as well. It's going to be a construction Gold Rush up there. As far as later in life activity we just utilized a local older guy who does minor home renovations work to keep busy. $80/hr, could charge more, turns down work all day long.
- brutus1213 9y agohttps://www.ecao.org/become-an-electrician https://www.ecao.org/become-an-electrician According to this website, in Ontario, Canada, it seems becoming a licensed electrician requires five years of apprenticeship. Talk about a barrier!! I think other trades are similar :(
- mywittyname 9y agoTrades are the opposite of recession proof. If anything, they are the canaries in the coal mines. When people/businesses/governments are flush with cash, they go on building sprees. Nevermind the cost because income growth has been crazy the past few years and will obviously continue. Of course, reality sets in and people/business/government's incomes stop their crazy growth (or even go down), and they start cancelling projects. Slowly that six month waiting list goes to three, then one, then you're cold calling everyone you've quoted in the past year, offering discounts just to get your guys some work. Your guys got use to all that OT pay and they have $50k truck notes due next week. They are desperate. A solid indicator of an imminent recession is cold-calls from tradesman you got quotes from six+ months ago.
- deleted 9y ago[deleted]