Comment by gib444
6 hours ago
Everyone should just compete with the trillions of dollars of capital floating around for AI? And it's their fault for suddenly being 'poor'?
Sounds like you're assuming people are paying pennies for labour. I don't think that's true at all
While we're at it, how much should small bathroom, 2 week renovation cost? $100,000 in labour?
> While we're at it, how much should small bathroom, 2 week renovation cost? $100,000 in labour?
Obviously much more than 2 weeks worth of work at a commercial job, since that's the worst possible kind of work you could ever offer any tradesman. Maybe 8x the hourly rate would be fair since it's intermittent work with generally horrible customers?
It's been interesting to watch the IT/engineering classes all of a sudden pretend to care about labor costs and outsourcing/job loss. As an industry they have been by far the most impactful in reducing wages, enabling outsourcing, and "gaining efficiency" via automation while as a class being paid top-tier wages for doing so. There is not another industry more directly culpable for blue collar job loss except perhaps finance and banking.
Only now when the shoe is on the other foot do such folks seem to care at all.
Learn to code indeed.
For any electricians/plumbers/etc. out there? Go get yours. When the shoe was on the other foot you were mocked and told to switch careers, lowballed on horrible residential projects, told to skill up and get better if you wanted to get paid more, there was no future in the trades, etc. Make hay while the sun shines and ignore the bleating. At least this time around the bubble is sharing a bit of that tech wealth.
> For any electricians/plumbers/etc. out there? Go get yours. When the shoe was on the other foot you were mocked and told to switch careers, lowballed on horrible residential projects, told to skill up and get better if you wanted to get paid more, there was no future in the trades, etc. Make hay while the sun shines and ignore the bleating.
yeah instead they did the smart thing and they got together and passed protectionist policy to artificially inflate the value of their labor. Let's see how union tough you are when the administration changes and you have to compete with a global labor pool again.
That small bathroom job is literally the worst case scenario for a tradesman. They have to work nearly as hard to line that up as better paying longer term commercial work.
The residential buyer is the source of much less repeat work, is harder to deal with, more price conscious and harder to collect from than the commercial buyer they could be working for.
Anyone that can competently market, manage, and execute that small job can do the same for better customers.
The residential buyer has one advantage though: they do not demand as much from those working. You can start this business today, and likely find enough friends and family willing to take a chance on you that you can get started and from there you have references. Commercial projects tend to be big enough that you cannot get into them without experience (which in turn you cannot get).
The crew that can build a driveway cannot build a parking lot, and they will never be able to break into that market because it requires experience that a driveway cannot give. From a parking lot there is then road building - the previous companies cannot break into them. Again there are just not enough projects of the size that sits in between to build experience.
>The crew that can build a driveway cannot build a parking lot, and they will never be able to break into that market because it requires experience that a driveway cannot give. From a parking lot there is then road building - the previous companies cannot break into them. Again there are just not enough projects of the size that sits in between to build experience.
This is not true at all! Parking lots are not particularly complicated, with the main obstacle being machinery and logistics. I know folks that started off residential and moved to commercial once they accumulated enough capital to buy the necessary machines to take on bigger commercial work.
And even in residential, building million-dollar houses is easier (or at least not harder) and more profitable than building "affordable" starter homes.