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It's less about the cap and more about the wage curve. Some industries are extremely punishing. As a musician you either make nothing or millions. As an archite
by astrodust 9y ago
It's less about the cap and more about the wage curve. Some industries are extremely punishing. As a musician you either make nothing or millions. As an architect you get paid poverty wages or you're internationally famous and can name your price.
If you're a welder you'll get a very good starting wage, and while it will never hit stratospheric levels, the upper end when you you've had years of experience and have worked to increase your qualifications can be extraordinarily generous.
I know two highly qualified welders that work on oil plant equipment and they make so much money they can afford to take half the year off to do whatever they want. You don't want random idiots welding pipes in a billion dollar plant, and you need to pay for that kind of talent.
Consider: Tech workers often get paid very well, but I don't know of many that get overtime.
- walshemj 9y agoBut the % of former blue collar workers who have the interest and can go though the academic requirements is small (and most of that cohort today go to Uni). For example the requirements to go on my technician course in the UK back in the day required 6 O levels (exams taken at 16) for the Bank only 4. Ok it was a specialized for the local industry themo fluids one.