UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: alstroemeria Big gold star, 5000 posts Top Recommended Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 49430  
Subject: Re: PD: Manufacturing Jobs go Unfilled Date: 10/15/2012 8:55 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Asked what type of 1,000-job business would be best located in their community, the respondents put manufacturing at the top of the list.
Yet only a third...said they would encourage their own children to pursue jobs in manufacturing.


Seems like 1/3 should be more than plenty--but I guess fewer than 1/3 of their kids are interested, or at least interested enough to get the necessary training.

U.S. Labor Secretary Hilda Solis arrived on the Flo Valley campus to tour an advanced manufacturing teaching facility and to promote the $15 million federal government grant that St. Louis Community College and eight other Missouri institutions will put toward training displaced workers and veterans for specialized production jobs.

Nice. We should put money into more community colleges for such programs--but why restrict them to displaced workers and vets? They should be open to any high school grad.

entry level employees at Caterpillar (in Peoria, IL) are paid at levels that are no longer middle class. $15.57/hr. But that is not enough for the lifestyle (boats and vacation homes) once enjoyed by the auto industry and other manufacturing jobs.

Sheesh! That's about $32k/year, definitely middle class and about what my son was paid as a first-year public school teacher in a Boston burb (12 years ago, but in a town with a significantly higher cost of living than Peoria).

Do entry-level workers in any field, even investment banking, really expect to acquire a boat and vacation home immediately?!? It took my son 6 years of frugal living to save enough on a teacher's salary for a 20% down payment to buy a cheap older condo in which he still lives 6 years later. I note that he had to spend 4 years at university, not 1 or 2 at community college, so 10 years after high school graduation to have a small piece of "the American dream." No boat or vacation home, but he travels half of every summer, renting a cabin with canoe on a lake, plus camping and can afford to travel to visit family whenever. By the time he's worked 15 years, he'll have doubled his initial salary and be well into upper middle class territory * .

Working with your hands has gotten a bum rap outside of small towns (and even there, maybe-). These days many white-collar folks seem surprised when a middle class man in an urban/suburban nabe does his own home maintenance and yard work.

* HOUSEHOLD INCOME QUINTILES 2011

1st (poor/working poor)...< $20k
2nd (lower middle class)..$20-38k
3rd (middle class).............$38-62k
4th (upper middle)............$62-100k
5th (IMO the lower 15% is also upper middle)...$100-180k
Top 5% (rich outside of pricy cities)..$180k+
Top 1% (rich)...................$350k+ (average income of top 1% is $1.5MM)

=alstro, thinks TV & movies depict unrealistic lifestyles for middle class incomes
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement