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Old 10-08-2017, 10:37 AM   #21
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Actually it's not, when you consider that such families tend to cluster in certain areas (we live in one such, although we are nowhere near the 1%).

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Originally Posted by Sojourner View Post
It's hard to imagine one out of every hundred families in the US with a NW of over $10MM.
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Old 10-08-2017, 10:49 AM   #22
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Originally Posted by Chuckanut View Post
Plumbers and electricians in my area make a pretty good living. 80 to 100k with overtime.


Don’t they require some training or certification? I know my previous megacorp had a lot of them on staff.

I think a good degree is required for a number of positions. There are always antidotal stories of someone being successful without a degree - just like those interviews with rap/sports stars. You may succeed but also a big chance that you don’t. A degree is usually a safer bet.
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Old 10-08-2017, 10:52 AM   #23
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Usually skilled trades people participate in a 4 year apprenticeship program. For the first 2 years they work 4 days a week and attend a technical school for 1 day/week. So they are learning both on the job and with formal schooling.
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Old 10-08-2017, 04:51 PM   #24
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Originally Posted by omni550 View Post
It depends.

I worked for a Fortune 5 company. I remember going to a company-affiliated after hours event...and one of the union guys, approximately our age, was giving us engineers hell for having wasted 4-6 years in college pursuing our educations. He had hired in right after high school, and worked his way up in the skilled trades (plumber, electrician, etc.) within the union. Compared to us, he had 4-6 years more seniority, a very nice hourly wage, got paid for every minute of overtime, and a much better benefits package. Plus he didn't waste money buying business suits to wear to work.

omni


When did this occur? I have lots of similar experiences but they go back quite a bit.
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