Underemployed or previously over paid?

[Luke]

http://finance.yahoo.com/career-work...rklife_balance

Mr. Crane had been earning more than $100,000 a year operating heavy machinery at Delco, a former unit of General Motors.

Sorry but my friend with three masters and his law degree is making $65,000 with no health insurance as a consultant.

Overall this man's plight highlights the problems US automakers had/have.

[Amp360]

If your friend has all those degrees and makes $65,000.00 I would ask where he lives.

$65,000 may be a ton of money in some rural area, but I don't imagine it's much money in Boston, NYC or San Fransisco.

Does your friend live in Detroit?

[rob2001]

Originally Posted by Luke

http://finance.yahoo.com/career-work...rklife_balance

Sorry but my friend with three masters and his law degree is making $65,000 with no health insurance as a consultant.

Overall this man's plight highlights the problems US automakers had/have.

I guess only educated people deserve to make good money regardless of their worth to the company they work for.


Also, there are too many threads on TGP standing in judgment of others....whats the point?

[FeloniousBishop]

Originally Posted by rob2001

Also, there are too many threads on TGP standing in judgment of others....whats the point?

No need to be so judgemental.

[Amp360]

The other thing is that I worked for UPS for 6 years (4 when I was in college loading trucks at 4 a.m. everyday and 2 after that driving). I was a Teamster and made pretty good money but every office job I have had since then was a heck of a lot easier.

If someone is making a lot of money building cars I say good for them. I'm sure those jobs sound easy, but if you actually did them they're probably pretty labor intensive.

I have a friend that is a garbage man. That is probably the hardest job out there when you consider how much the cans weigh and the weather and how fast they go.

I concentrate on what I make and hope others can make a good living too.

[Old Tele man]

...two things to remember:

1) location, location, location.

2) education, education, education.

[Tomo]

Originally Posted by Old Tele man

...two things to remember:

1) location, location, location.

2) education, education, education.

Thanks! I think Berklee pays really well I think.

Tomo

[Tomo]

Originally Posted by dgood

Thank God for rich students...

When I was a student... per semester costed $2500. Now....

Each rank (teachers) pays different ... low to high.

Tomo

[Marble]

yeah people seem to think that labor intensive work isn't as worth as much as a job where you need alot of education, which is BS. Props to the guy in that article.

[rob2001]

And OP, why single out the crane operator?? Why not use the banker making $250.000 in that article as an example?

[drgonzoguitar]

Originally Posted by rob2001

And OP, why single out the crane operator?? Why not use the banker making $250.000 in that article as an example?

From the article....

He and his wife earned a combined income of more than $250,000 a year.


Higher education allows for flexibility within the job market to maintain income.

[rob2001]

Originally Posted by drgonzoguitar

From the article....

He and his wife earned a combined income of more than $250,000 a year.


Higher education allows for flexibility within the job market to maintain income.

My bad, I need to get edgemecated!!

Flexibility??? Dude was a banker and is now building cabinets!!

[drgonzoguitar]

Originally Posted by rob2001

My bad, I need to get edgemecated!!

Flexibility??? Dude was a banker and is now building cabinets!!

Did the article say he had a college degree? I know many bankers who do not have college degrees (like my sister). They worked their way up through the ranks of the organization.

It is poor reporting to detail one person's life without using the same attention to detail for another. It creates a false mosaic that allows for a fun debate (like we are having now).

[The Golden Boy]

Originally Posted by Marble

yeah people seem to think that labor intensive work isn't as worth as much as a job where you need alot of education, which is BS. Props to the guy in that article.

It's not that... generally speaking- wages aren't really based on how hard you work- generally it's got more to do with responsibility.

There was this lady I knew, she told me a story of being a 3rd shift equipment operator making an obscene amount of money. She said it was one of the easiest jobs she ever had- but it was the most boring- the machinery pretty much ran itself. Apparently, the job paid so well because all the operators would fall asleep running it, so you were more or less being paid to stay awake to pay attention to the machine.

[bkd_guitarist]

Originally Posted by Marble

yeah people seem to think that labor intensive work isn't as worth as much as a job where you need alot of education, which is BS.

No it's not. It's a simple fact of economics. Your job is "worth" whatever it would take to replace you. It's harder and more expensive to replace an accountant, or doctor, or lawyer, than it is to replace a laborer. So the accountant/lawyer/etc tend to get paid more; not simply because they have more education, but because their education makes them harder to replace.

People like the guy in the article making $100K a year doing manual labor are an anachronism, a relic that is quickly fading into the past. As GM has found out, when you pay your laborers that much, you can't compete with overseas manufacturers who pay five dollars a day.

There are still non-degreed jobs that pay six figures. Sales is a good example. But again, the key factor is difficulty to replace. A sales guy who can generate millions of dollars a year in revenue is very hard to replace, so he gets paid a lot.

Not BS, just economics 101. Supply and demand.