Reply to My Car Mechanics Post Labor Rate = $110 per hour. Why don't more HS kids train as mechanics?

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Reply to "My Car Mechanics Post Labor Rate = $110 per hour. Why don't more HS kids train as mechanics?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It is standard to bill someone out at 2.5 times their hourly wage to cover overhead, so the mechanic would be making 40-45 per hour.

College graduates have lifetime earnings that are 60% greater than high school grads. That of course is an average across all fields. The gap is even bigger when you account for the fact that the plumbers etc. have trouble doing the physical work past age 50-55. Plumbers still working past that age generally own the business. They assume the risk of stocking pricey supplies and paying wages; the people who work for them doing the actual plumbing are paid hourly.

College grads also have skills that are broadly applicable to a lot of jobs: writing skills, computer skills etc. A journalist can become a teacher. People in the trades are pretty focused, and their skills can become obsolete quickly.[/quote]

Yes, but if you are a college educated person in your 40 or 50's and you get laid off, it would be difficult for you to just hang out a shingle and go into business for yourself.  People in the trade can usually make their own living if they had to.[/quote]

College grads can always become teachers, which comes with health insurance[/quote]

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