The construction industry has experienced some major challenges in recent years. Many skilled workers have left to pursue careers in other industries, leaving a deficit of roughly half a million workers.
Add in the fact that over 22% of workers are over age 55 and nearing retirement, and the next decade could be even more difficult. However, public sentiment toward skilled trades may be changing as more young adults contemplate the potential long-term value proposition of taking on massive student loan debt to attend college.
Despite a persistent stigma against trades, Gen Z-ers coming out of high school don’t seem opposed to getting their hands dirty, so to speak, for the opportunity to jump right into a career and skip higher education. What’s driving the so-called toolbelt generation to buck the trend and choose careers in skilled trades?
A survey of Gen Z participants found that less than 10% strongly believe higher education in this country is fine in its current state.
While about half strongly agreed that having a bachelor’s degree makes it easier to find a stable, well-paying career, roughly a third felt that a technical certificate was enough, while just under 20% believed a solid career could be had with only a high school diploma and some technical education.
Not quite a quarter of the way into the 21st century, the cost of attending college is more than double what it was slightly over two decades ago. The average cost of attending college these days, including tuition, books, supplies, and living expenses, is over $38,000 per year, on average, or $152,000 for a 4-year degree.
Attending public college can set students back anywhere from about $27,000 to over $45,000 annually, while private institutions range from roughly $33,000 to $56,000 each year. Contemplating a price tag ranging from $108,000 on the low end to well over $200,000 just for a bachelor’s degree might naturally give some students pause.
Training is an important aspect of any skilled trade. While classroom training isn’t without merit, and some licensing programs require it, there’s simply no substitute for hands-on experience and real-world instruction from skilled professionals.
The upside for those entering skilled trades is the chance to jump right in and get paid to work while they’re learning the job. For many students understandably put off by racking up debt for a degree, trades offer a much more appealing proposition.
On average, a construction helper or apprentice can earn about $36,000 per year, while a general contractor makes roughly $63,000 per year and has the opportunity to own a business. A construction foreman could expect an average salary of $95,000.
Skilled trades are not only in high demand, but with experience and licensing, workers have opportunities to excel in their chosen field, become their own boss, and enjoy a fulfilling career path.
Are you interested in obtaining a construction or other skilled trade license? Contact RocketCert now to learn more about exam prep programs designed for working professionals.