On the other hand, the guys who never set up on their own and just worked for wages ended up poor. I could give specific stories , but even 15 year old me could see the difference.
On the other hand, the guys who never set up on their own and just worked for wages ended up poor. I could give specific stories , but even 15 year old me could see the difference.
So, what is N? Unless it is a low number and almost everyone earns high salaries after a couple of short years, we are doing the next generation a great disservice by encouraging them to get into careers where they destroy their bodies for the benefit of the boss, not themselves.
I'd echo what you say and say the trades can be great if you also have a talent for the business side. Otherwise, you plateau pretty quickly and your body starts giving out.
I don't understand how that can be the case. Let's say you work as a plumber. The median income is 56k, meaning half the workforce earns less than 56k. There are two ways this can be the case: (1) the field is rapidly expanding and the median is thus artificially low by all the new entrants; (2) the salary of a mid-career plumber is 56k.
You cannot have high salaries over the board (save for the few percent new entrants who have not yet paid their dues) and 56k median income at the same time. Either the public perception about trade salaries is wrong or the BLS is wrong. I don't know which one is the case, but in the absence of better heuristics, I trust BLS more than anecdotes.
Prior to the pandemic, most of those career paths/jobs were only getting you like 10/hr and raises are either non-existent or at the whim of your manager (and still small). The trades usually have defined pay scales and increase to a basic standard of living pretty quickly. It's easier to support a family as a 25-year old plumber than a 25-year old Walmart employee or a 25-year old bank teller, for example.
I wasn't looking at all jobs, only the set of jobs that would be competing for the career decisions of future plumbers.
"High" is a relative term.
And I am sure the above are true for some people going to trades. But unless the average tradesperson's earnings improve significantly, I wouldn't recommend it as a general advice.