A New Age for the Service Industry
Remember the old days? Nobody wanted to be a carpenter, electrician, janitor, plumber.
These are apparently tough jobs and the pay wasn’t great. Last year I met a couple of guys running a janitorial company and it seems they both make over $125,000 a year working no more than 40 hours a week.
If janitors now make that kind of money what are carpenters worth?
For many years carpentry and all service businesses simply weren’t attractive to kids coming out of school. This trend is still firmly in place but perceptions are changing quickly as pay rates rise. I say—let the exodus from the trades continue, it means more money for the rest of us..
Even with an estimated 35,000 illegal workers in the Toronto area (100,000 illegal aliens), the price of hiring a carpenter is rising. I hear that even the illegal workers are charging out at over $20/hour.
That means legitimate carpenters and specialists (like us), can charge upwards of $30-$70/hour.
I believe that in the very near future this shortage of skilled professional tradesmen will result in more respect for and much better pay for all of us.
I’ve had Lawyers and numerous other professionals like project managers and teachers approaching me to get into the trades full time—this is the trend. They know that the writing is on the wall.
People will be getting very wealthy in the next decades from trade careers.