Why Blue-Collar Workers Are Finally Getting Paid More | WSJ

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The Wall Street Journal

The Wall Street Journal

Күн бұрын

Пікірлер: 270
@stevenmartinez8634
@stevenmartinez8634 Жыл бұрын
Why’d they choose a fast food worker instead of a skilled blue collar worker 😭😂
@ivanvillalobos7734
@ivanvillalobos7734 Жыл бұрын
Because the difference is probably eh and makes people who do not have either job feel insecure.
@cheesemaster113
@cheesemaster113 Жыл бұрын
The skilled workers are the ones actually making the big bump up in pay, not betty at Mcdonalds lol
@Denny_Dust
@Denny_Dust 8 ай бұрын
For real, no mention of skilled trades or other high paying blue-collar jobs. I work in a chemical plant and made $176K last year, quite a bit more than my wife who is an Electrical Engineer.
@Lucy_595
@Lucy_595 8 ай бұрын
@@Denny_Dust It's not just about the money. White collars are usually well mannered and belong to a good and respected family.
@CannabisTechLife
@CannabisTechLife Жыл бұрын
Not really the best comparison. Would have been more interesting to see how high skilled blue collar jobs pay compares over time to high skilled white collar jobs. Many have already stated below the large disparity between skill sets of someone working a counter vs a senior software engineer....
@lukethompson5558
@lukethompson5558 Жыл бұрын
Exactly. You will likely find that skilled blue collar pay is surging
@boopro12
@boopro12 Жыл бұрын
Maybe blue collar worker doing programming for electrical control systems or something like that, this comparison is equal to laborer vs doctor
@Inkkari9
@Inkkari9 9 ай бұрын
Im not surprised that a white-collar media does like this. Make bluecollar looklike skilles job
@loganroberge7632
@loganroberge7632 4 ай бұрын
@@lukethompson5558it is very quickly . It certainly has been outpacing my wife’s pay who is white collar . We make about the same amount currently . I’m a heavy equipment tech and she is a lawyer . Both skilled in our work and both paid very well . I’ve watched my wage grow hourly from 39$/h to almost 67.50$/h in three years . I’ve been in the trades for some 18 years now and wages just haven’t moved like that ever
@Overlandjon
@Overlandjon Жыл бұрын
You’re comparing unskilled blue collar workers to skilled white collar workers. What? A better comparison would be a cashier vs office admin or data entry. Or the computer programer vs a master electrician.
@infini.tesimo
@infini.tesimo Жыл бұрын
Immediately saw that. Like it's a night and day difference between someone who works in fast food vs a software engineer. Skill level is so off base. It's like asking who runs faster? A 5 year old child or a 17 year old highschool track athlete? Skill issue here.
@luke32776
@luke32776 Жыл бұрын
Poor reporting from WSJ. Makes it seem like they’re purposefully obfuscating the truth. Video is more corporatist propaganda than economics.
@pierredebug17
@pierredebug17 Жыл бұрын
This is not a comparison of blue vs white collar workers, but the evolution of the recent trend in the revenue growth of each category.
@eddiemalvin
@eddiemalvin Жыл бұрын
For what it's worth, $49/hr is the average for lower skilled (i.e. entry level) computer programmers. Skilled Computer Programmers earn a lot more. Comparing high skilled blue collar to high skilled white collar workers may not reduce the gap as much as you'd think.
@callous21
@callous21 Жыл бұрын
​@@eddiemalvin journeyman electrician makes $70-80k a year. It's takes 4 years. That's comparable to entry level software salaries barring fang
@chapelknight951
@chapelknight951 Жыл бұрын
Wait, they're talking about the hospitality industry? Thought they meant skilled manufacturing That's a humongous difference. You're grouping a $40/hr unionized industrial mechanic with a teenage store clerk.
@testaccount1055
@testaccount1055 Жыл бұрын
Same thought it was referring to manufacturing, title is bit misleading
@bro6568
@bro6568 Жыл бұрын
@@testaccount1055 WSJ? Misleading?? No…
@gettyyoung46
@gettyyoung46 Жыл бұрын
Teen store clerks? Don't know where you live and shop. They exist where I shopped, but they are minority.
@dfpolitowski2
@dfpolitowski2 Жыл бұрын
The only reason blue collar workers wage popped is that they were held down so long. It almost gets to the point where skilled worker make as little 1 to 2 dollars above a simple labor job. The trade takes 5-10 years to learn well.
@mitchellscheer677
@mitchellscheer677 Жыл бұрын
Since when did the definition of blue collar become “low wage”? Blue-collar typically meant relatively average (aka ~70k a year or more) workers who worked in semi-skilled industries
@SD-wj9bv
@SD-wj9bv Жыл бұрын
No they don’t
@Nohandleentered
@Nohandleentered Жыл бұрын
Is it really growing when inflation eats up the difference? Doesn't seem like much growth to me.
@sngs9565
@sngs9565 Жыл бұрын
Exactly!
@paxdriver
@paxdriver Жыл бұрын
The reason it doesn't work is is because a huge percentage of a tiny income is still a tiny raise lol in an economy where we're all more productive every year, there ought to be room to absorb wage increases across the board of double inflation at least, were it not for the exorbitant returns and generous tax breaks we give to shareholders or bonuses to management for just "being there" while work was being done.
@nataliakowalczyk3560
@nataliakowalczyk3560 7 ай бұрын
@@paxdriver Probably when I feel bad, it's best to blame everyone, but not my actions, which caused me to earn little
@nataliakowalczyk3560
@nataliakowalczyk3560 7 ай бұрын
But it's better that it doesn't grow. The differences in salaries should be large otherwise everyone was cleaning the proverbial streets because why try and be ambitious? In Poland during communism there was a proverb, whether you stand or lie, you deserve PLN 2,000. In fact, the better educated received a little more, but not much. It wasn't a good world, yes there was equality but everyone was equally unhappy. After this regime, the country was destroyed and the best people left for more capitalist countries. It's not worth repeating the same mistakes.
@marchlopez9934
@marchlopez9934 Жыл бұрын
Wage gains for blue-collar workers have started to outpace those for white-collar workers, a reversal from decades-long trends. Low-income workers have experienced faster wage growth, helping stave off a recession. The pandemic created new demand for white-collar jobs that could be done from home, while blue-collar workers struggled to return to work due to retirements, decreased immigration, and competition from employers offering signing bonuses and other incentives. As a result, blue-collar workers have seen higher wage gains than white-collar workers, allowing for increased spending power and preventing a recession. However, the wage gap between blue-collar and white-collar workers remains significant, and Federal Reserve officials are aiming to cool the job market to address inflation concerns.
@movement2contact
@movement2contact Жыл бұрын
What is this this ChatGPT nonsense..?
@hammadusmani7950
@hammadusmani7950 Жыл бұрын
As a coder, I'm really glad that there are gains for more blue collar workers.
@emman100
@emman100 Жыл бұрын
🤣😂
@DevOne561
@DevOne561 11 ай бұрын
Betty the Barista is not blue collar... she's a wagey. Blue collar is HVAC, plumbing, electrical, construction, welding etc. Peter the plumber has and always will make more money than Wilma the programmer because Wilma can and will be replaced by the machine.
@derekfran2157
@derekfran2157 8 ай бұрын
Ha, this right here! 👆😆👷‍♂️ Don’t blame ‘em bro, people who have never worked a blue collar job don’t usually know what ‘blue collar’ REALLY means.
@trancendental5373
@trancendental5373 6 ай бұрын
lol @ anyone buying AI hype. You must be a plumber 😂
@DevOne561
@DevOne561 6 ай бұрын
@@trancendental5373 fr bro! and electrical actually lol
@suchgreatheights8841
@suchgreatheights8841 Жыл бұрын
Who else here was expecting from the WSJ thinking like us they would pick a blue collar worker; carpenter, plumber, CDL driver? Nice research guys
@ryanconran7940
@ryanconran7940 10 ай бұрын
Honestly, construction workers don’t get paid nearly enough for the damage done to their bodies. Something needs to change.
@90daydifference
@90daydifference 7 ай бұрын
Well nothing will as long as the American financial system’s is backed by debt instead of backing the dollar with a tangible and finite item like gold. Raise laborer rates all you want, everything else will inflate proportionately. And the facts are that the people at the bottom receive the bread crumbs.
@nataliakowalczyk3560
@nataliakowalczyk3560 7 ай бұрын
In my opinion they earn too much. Often their salary may exceed that of a young architect, which is unacceptable. They should pay much more for education than for physical work. Of course, a physical person should have enough money to provide themselves with basic needs, but let's not exaggerate. However, education is important and everyone is the architect of their own fate, if someone wants to live a better life, let them deserve it.
@spoogerification
@spoogerification Жыл бұрын
too many college graduates who dont wanna pick up a hammer.
@90daydifference
@90daydifference 7 ай бұрын
Hahaha there’s truth behind the statement
@JCarpenter-dm1xg
@JCarpenter-dm1xg 5 ай бұрын
Not everyone is meant to work with their hands, just like not everyone is meant to do office jobs
@masterchief4868
@masterchief4868 3 ай бұрын
@@JCarpenter-dm1xg "make it your ambition to lead a quiet life: You should mind your own business and work with your hands, just as we told you, so that your daily life may win the respect of outsiders and so that you will not be dependent on anybody" Bible, 1 Thessalonians 4:11-14
@thatkidwander8871
@thatkidwander8871 8 күн бұрын
@@masterchief4868yea, I don’t think Jesus knew a electrical engineer so quoting the Bible doesn’t really apply though
@yagzefedemirel3934
@yagzefedemirel3934 2 күн бұрын
@@thatkidwander8871 Knowledge is knowledge. Wisdom is wisdom. Ideas are ideas. It does not matter whether it comes from an ancient book or new book, bible or a scientific journal, a children's story or a shakespeare play. Instead of only relying on "reputable" and "relevant" sources, start to get wisdom from every resource you can. Then learn or filter it through your own wisdom and experience. If where or how wisdom comes to people did really matter then "The Little Prince" by Antoine de Saint-Exupéry would not have been one of the most enjoyed books for adults.
@emman100
@emman100 Жыл бұрын
They literally compared $40 pay to $13 an hour. 😂 How can you ever choose $13? 🤣🤣
@cubaniche123
@cubaniche123 Жыл бұрын
@@pacificwestsoulwow really? Wow
@Legoman69469
@Legoman69469 Жыл бұрын
Actually on a 10 year outlook, if we assume blue collar will go straight into the workforce and white collar will lose 4 years of pay, Blue collar: $13x40hrx52weekx10years=$270,000 White Collar: $40x40hrx52week x 6 years = $499,200 but subtract $100,000 for the education = $399,000. You still wind up ahead but not enough to make you go “Wow”
@tcsmagicbox
@tcsmagicbox Жыл бұрын
You choose the $13/hr job when you don't have the skills to land the $40/hr one.
@Hatim.13
@Hatim.13 Жыл бұрын
​​@@Legoman69469Lol I am a blue collar worker (Electrician), we make about 50$/H + Full medical benefits and retirement (total package is about 75$ an hour), no college debt! But it takes a 5 years apprenticeship (paid by the IBEW union membership)
@djm2189
@djm2189 Жыл бұрын
​@@Legoman69469yes but you're assuming a cap. Let's assume in both your scenarios they are now both 30 years old. How much more can low income earn? By 30 a professional continues to grow. I'm 28 now and went from 75k to 115k in 2.5 years aka $55/hr. Still expected to continue growing. I'm pretty average.
@willrolston8861
@willrolston8861 Жыл бұрын
Need a white collar editor to edit out that sneeze at 3:32 😂
@Hatim.13
@Hatim.13 Жыл бұрын
You should ve compared the white collar jobs to a skilled blue collar job. ​​​For exemple I am a blue collar worker (Electrician apprentice), Our Journeymen make about 50$/H + Full medical benefits and retirement (total package is about 75$ an hour), no college debt! But it takes a 5 years apprenticeship (paid by the IBEW union membership).
@djm2189
@djm2189 Жыл бұрын
Yes and no. Don't like the colors they used but it'd be the same as a low wage white collar. I agree the trades pay really well! This whole vid wasn't a good comparison and instead showed a min wage worker and a higher wage worker. Fk the collar color. I went to uni but I know uni isn't for everyone. Pushed my cousins into the trades. I'm 28, earn $115k plus all those good benefits and work from home and barely work 30hrs/week. I could never do labor, way too hard for me lol. My uni left me with a debt of only 26k, with low cost payments. The path forward just depends on the person. I hate when people look down on the trades.
@memofromessex
@memofromessex Жыл бұрын
I know Federal Reserve aren't exactly generous, but compared with our BoE which saw wage growth as bad, they are angels.
@antiquehealbot6543
@antiquehealbot6543 Жыл бұрын
Well, Fed and BoE have very little to do with real wages. Wage growth is much complicated than just central bank adjusting rates.
@matthewhungerford1861
@matthewhungerford1861 Жыл бұрын
Government is the largest employer its the bank nudge the government to stop pumping stimulus into the economy as it makes their Job harder. their no pain free way to get rid of high inflation.
@EmilyGloeggler7984
@EmilyGloeggler7984 6 ай бұрын
Honestly, I’ve seen many skilled blue collar workers get underpaid and even end up homeless and poor and contrary to popular myth, it is not always due to failing to do their jobs carefully and thoroughly.
@drwalka10
@drwalka10 Жыл бұрын
So lower immigration to the country and government welfare depressed the amount of low end workers available which made employers have to pay more for labor ?
@SilentEire
@SilentEire Жыл бұрын
Although TECHNICALLY accurate, no one is thinking of a service industry worker when you say “blue-collar”. Very interesting choice for the video 🤨
@JennyFarley
@JennyFarley Жыл бұрын
Should be pinned
@muadiib
@muadiib 8 ай бұрын
Super misleading. There is no mention that burger flippers in California make $16 - $20 /hr which they are lumping in with the skilled craft people which arent making anywhere near as much as they should. This is why we are seeing the UAW membership rise and the strikes that happened a few months back.
@haskeke8154
@haskeke8154 2 ай бұрын
I actually agree even here in Saudi Arabia and Dubai wages for workers had doubled since maybe 4 yrs ago.
@TheDavidlloydjones
@TheDavidlloydjones Жыл бұрын
If a $10 an hour worker gets a 10% pay increase while the $35 an hour gets a 5% increase, their pay differential has increased by $0.75 an hour. The Wall Street Journal is trying to cover this increased inequality by talking percentages rather than money.
@90daydifference
@90daydifference 7 ай бұрын
Duh
@hakeemsd70m
@hakeemsd70m 4 ай бұрын
Most of my fellow warehouse workers are still grossly underpaid.
@johntownPSN
@johntownPSN Жыл бұрын
I disagree. I am seeing more automation and AI and actually just recently saw Shake Shack ditch their cashiers for self- service touch screens. I see their bump in pay as temporary and companies will opt for AI and automation over paying these workers more. Paying them more will actually be their downfall.
@turbo_brian
@turbo_brian Жыл бұрын
There's little value in wage increases beating inflation for one year when the previous three years inflation destroyed wage increases. Low income workers are still getting screwed compared to 2019.
@90daydifference
@90daydifference 7 ай бұрын
That’s because increase wages will proportionally increase wage. It’s impossible for it not to when you operate on a debt-based system like America runs on now. When the dollar was backed by gold, inflation was not a problem.
@MrBoxofplastic
@MrBoxofplastic 11 ай бұрын
I want to go work blue collar now. My white collar job is 62k/year and getting frustrating. I can almost double my pay if I go work for an interior designer doing light handyman stuff.
@MrFujinko
@MrFujinko Жыл бұрын
Nobody wants to work for crumbs anymore.
@nataliakowalczyk3560
@nataliakowalczyk3560 7 ай бұрын
worse if his/her work isn't worth much more
@nissankajanaratne316
@nissankajanaratne316 Жыл бұрын
What the researchers haven't included in the study is why it is happening. It is due to the fact that lower income earners spend most of their increases in wages on consumption compared to high income earners, which results in GDP growth.
@djm2189
@djm2189 Жыл бұрын
Yup I see lower income workers spending vastly more than me and I'm 28 earning $115k. They shop like they make my salary. Screw it, stealth wealth.
@Jseagle1989
@Jseagle1989 11 ай бұрын
​@@djm2189 Well they spend more cause they have to cover their essentials. Food, gas, medicine, etc. Saving what little they have left wouldn't amount to much. Maybe enjoy a vacation or Christmas. That's it.
@karld1791
@karld1791 Жыл бұрын
Housing is the biggest expense and the largest part of inflation. Build more housing supply to meet demand bringing inflation down while creating jobs. Local zoning regulations restrict housing supply. Loosen zoning to allow more development and we’d also have to look into getting enough building materials.
@adamamir7873
@adamamir7873 Жыл бұрын
Misleading title...there are blue collar welders making 150k a year...not best sample choice of blue collar workers..feels more like service workers.
@thatkidwander8871
@thatkidwander8871 8 күн бұрын
Yea true but there’s also software engineers making 600k a year why are we using outliers for the avg?
@soup100
@soup100 Жыл бұрын
He brought up lack of immigration, retirees, etc. But let's not forget the 1 million people no longer in the workforce who died from covid!
@TheDrudge666
@TheDrudge666 Ай бұрын
The issue is that white collar work is not skilled. It’s very teachable in 6 months to 1 year while trade jobs take well over 5-10 years to “master” and they are constantly evolving… White collar is often accompanied by hand holding software and/or teams, and many use computers that essentially do the work for them, there’s often an entire separate position for each step of the process as well so you can offload most work after, and most of the jobs can be done from home VS say a plumber or a mechanic who has to craft the skills, knowledge and experience over time and repetition, supply his own tools, and diagnose issues from step 1. All the way up to step 30, and so on and so forth, THEN has to perform the work in the elements, and gets dirty and is physically strained as well as mentally. One is inherently valuable and pushes society forward, the other relies on the abilities of the others to even have a building to work in…. It’s not even comparable. One exists and has always existed without the other, the other cannot exist without tradesmen or skilled laborers. Now that is absolutely not to say white collar work is “useless”. But life would go on without it, life wouldn’t go on if people stopped building stuff or repairing the stuff we have.
@Ryanrobi
@Ryanrobi Жыл бұрын
You're missing one fundamental part of the difference between the average White collar salary in the average blue collar salary and that is the marginal productivity of an hour work for both jobs. Based on supply and demand and employer will be willing to pay up to the marginal productivity of a worker in a software engineer is much more productive on average than a barista for example. I have had experience in blue collar jobs as well as a white collar tech founder and manager and I can say in the last few years the deal to be a blue collar high skilled worker is much better than being white collar I have gone back to Blue collar work after 8 years in tech. I really think you need a separate out white collar low skill and white collar high skill from blue collar low skill and blue collar high skill. For example an America right now your average truck driver makes more than your average CPA accountant I don't think that has ever been the case except maybe a short period of time in the early '70s.
@angelasoWA
@angelasoWA Жыл бұрын
Many tech workers are paid with stock. So when stock prices tank so does total compensation.
@djm2189
@djm2189 Жыл бұрын
Yes and no. It's many newer tech employees that fall into that trap or it's executives who don't rely on it and are already paid a high af salary.
@rahoolv
@rahoolv Жыл бұрын
Is a positive change - but they comparing % increase in wage between blue & white collar jobs and equating that to closing the gap 5:52
@paxdriver
@paxdriver Жыл бұрын
The reason is you're using percentages of vastly different scales of income. They shouldn't scale as a linear percentage in a healthy pay gap, income disparity is caused by focusing on linear relationships (%) between compounding pay increases. Ie large pay increases may be 1% on a million dollar salary and thus harder for a company to absorb than a $1 increase for 100 employees at $10 per hour, for eg. It doesn't make sense to compare percentages with a 3x differential between both workers.
@S3V3N17
@S3V3N17 10 ай бұрын
This an actually been great data from end of 2019 to mid 2023 .
@S3V3N17
@S3V3N17 10 ай бұрын
You get a weird feel of what Americans want in America so I think we going to go the direction of sweeten and Denmark .that we want our capitalist views but also our basic humanity.
@Sly-j6j
@Sly-j6j Жыл бұрын
Stop the BS. Neither can buy a home.
@angelinimartini
@angelinimartini Жыл бұрын
Bigger income = bigger credit limit on credit cards. Everything has gone up including the amount of credit card debt.
@bluemelon7818
@bluemelon7818 Жыл бұрын
What? calling a fast food cashier a Blue collar worker lol
@crush9197
@crush9197 5 ай бұрын
If I work 5 days a week I make a 80k net a year at my factory but I mostly choose to work 3 days though. Working half the year puts me at 61k net which is what I earned last year. This weeks paycheck was 2363.07 gross and 1536.94 net. Took me 3 years to get this pay. First year. I started at 54k a year. My pay will continue to go up though because my factory gives yearly raises every year to operators. Management gets bonuses. My factory is smart though because they know that the raise will keep us loyal and surprisingly company profits is going up. The company is projected to break last year’s record. Who would’ve thought that by giving employees raises would result in morale being boosted which results in more profits for owners because employees then care about there profession and treat it as a career, not just a job.
@crush9197
@crush9197 5 ай бұрын
And the 80k they pay me is peanuts 🥜 compared to what I make the company per shift.
@mhlengidlamini994
@mhlengidlamini994 Жыл бұрын
6%of 10 Vs 3% of 25, which one is better? That's a tough one bud.
@BMWROYAL
@BMWROYAL Жыл бұрын
Y’all really missed the point of the video, no one said blue collar workers are better off or anything
@highshelf
@highshelf Жыл бұрын
If we made education cheaper and more accessible we'd be able to justify closing the gap between those wages even more
@90daydifference
@90daydifference 7 ай бұрын
How does this make any sense. You don’t need an education for blue collar work.
@nataliakowalczyk3560
@nataliakowalczyk3560 7 ай бұрын
Not true. In Poland, education is free and the differences in earnings between blue and white people are large. But this is better because the differences should be large. otherwise everyone would be cluttering up the proverbial streets. Because why make the effort when, for example, as a lawyer I won't get much more than a cleaner? End this populism. Everyone should be paid what their work is worth and not a dollar more. Because it was he/she who caused this and not another situation. Any attempt to equalize inequalities means punishing ambitious people, which is unacceptable.
@highshelf
@highshelf 7 ай бұрын
@KevinSamuelsKid it would make white collar work more accessible and equlaize opportunity between people
@highshelf
@highshelf 7 ай бұрын
@nataliakowalczyk3560 why is being a doctor worth more than being a plumber or a cashier
@90daydifference
@90daydifference 7 ай бұрын
@@highshelf Still isn’t what determines income. The market decides what you’re worth. A colllege degree is just price of admission to get to that salaries, position, and status
@EdjieboaNova
@EdjieboaNova Жыл бұрын
You can't choose your parents which lends itself to a career network. Anyone who works a full-time job should not have to worry about sleeping in their car or feeding their kids. Some things have simply been uneven. It would be good to make things Fair because life is not. Dallas, Texas
@alexandrugheorghe5610
@alexandrugheorghe5610 Жыл бұрын
Unlikely. The wealth gap is growing every year.
@major__kong
@major__kong Жыл бұрын
There are so many skilled labor jobs going unfilled. Just try booking a handyman sometime in the next month. When they said in school, get an education or learn to say, "Would you like fries with that?", did everyone think they were kidding? Become a journeyman plumber, electrician, etc. After about 5 years you'll be in a position to make good coin. Fair wages is paying what the market will bear.
@EdjieboaNova
@EdjieboaNova Жыл бұрын
@@alexandrugheorghe5610 can confirm
@EdjieboaNova
@EdjieboaNova Жыл бұрын
@@major__kong true. If you want to make coin and you don't have a built-in network you better go to hard labor. I have general contracting and electrical experience, but unless you own the company the pay will not compete with intermediate to experienced white collar jobs.
@EdjieboaNova
@EdjieboaNova Жыл бұрын
@@nealcassady1189 Yes. Those guys start at like 65k+ for entry level white collar too. Cost of school is a whole other animal. Community college tops out at Associates and looking at current tuition for further education is completely unattainable for many; even with FASFA.
@FrostyIgnition
@FrostyIgnition 3 ай бұрын
Fast food is not blue collar, that’s considered retail which is white collar…
@lokesh303101
@lokesh303101 Жыл бұрын
Really Good for the Economy. It appears Trickle-down-economics are working in North America 🌎.
@QuantumRockAndRoll
@QuantumRockAndRoll Жыл бұрын
Citizens are citizens. Minimal income should be eliminated and replaced with standard income that gives a decent life to citizens. Comparing work is futile because you can not understand the sacrifice that school teachers, police officers, restaurant workers, etc. are going through. Healthy citizens are a healthy society.
@jiwoongjang6386
@jiwoongjang6386 4 ай бұрын
The biggest lie is the white collar worker making $48 an hour today, use an average business degree salary of about 60k a year or 28$ an hour, not a top computer science major working at microsoft
@emman100
@emman100 Жыл бұрын
Misleading title. I will choose to be a white-collar worker any day of the week from what I saw in this video. 😂
@nataliakowalczyk3560
@nataliakowalczyk3560 7 ай бұрын
A good choice. Studying and hard work, people need both to get rich
@redzzon
@redzzon Жыл бұрын
let’s see where blue collar pension go in short future compared to white collar day/swing/options accounts.
@sarfrazahmed8178
@sarfrazahmed8178 Жыл бұрын
I am happy for the blue collar workers to earn more
@nataliakowalczyk3560
@nataliakowalczyk3560 7 ай бұрын
And I'm not satisfied. differences in salaries should be large in terms of education and skills, if we reduce them everyone will start folding the proverbial pens
@Metaris
@Metaris Жыл бұрын
It'll be interesting to see what increases in immigration will do to those blue collar wage gains.
@mastershredder2002
@mastershredder2002 Жыл бұрын
Quite a nonsensical comparison. These WSJ youtube videos are really not worthy of the WSJ name.
@Burnlit1337
@Burnlit1337 10 ай бұрын
This reminds me of that south park short movie about how the handy men are making more $$ for themselves compared to the white collar, college educated workers. Of course we are in no way close to that but it's a distrubing future when people can't fix their own door
@iali00
@iali00 Жыл бұрын
Comparing $13 to $49 and saying the % rate gain for someone making $13 is a joke 😂😂😂.
@emman100
@emman100 Жыл бұрын
That's what I said lol 🤣🤣🤣
@matthewhungerford1861
@matthewhungerford1861 Жыл бұрын
the person maknig 49 is a high skilled engineer that went to university vs a job skill you can pick up in two weeks. the comparison should be between a skilled trade vs engineer. the comparison they have is pointless.
@WonderfulLidoff
@WonderfulLidoff Жыл бұрын
reddit told me wages werent rising. how come?
@joshs3916
@joshs3916 Жыл бұрын
3:32 bless you lol
@cheesemaster113
@cheesemaster113 Жыл бұрын
percentage isn't really as important though when someone is still not making a living wage lol
@william7286
@william7286 Жыл бұрын
All workers could and should be paid a fair living salary or wage based on job demand.
@drwalka10
@drwalka10 Жыл бұрын
You people never define or put a number on “fair” …. Why ? It doesn’t help anybody to keep avoiding details
@duncanhw
@duncanhw Жыл бұрын
"based on job demand"? that's... the current system...
@william7286
@william7286 Жыл бұрын
@@duncanhw not really, no. Last time I checked, we’re not paying fast food workers a living wage with benefits in every American city.
@duncanhw
@duncanhw Жыл бұрын
@@william7286 That's a completely different point. Current wages for blue collar workers are definitely below the living wage minimum in some cases. I'm taking about wages based on job demand, which is exactly what the current free market system does.
@djm2189
@djm2189 Жыл бұрын
​@@william7286it's called job demand. It's very simple. It's also supply and demand. You can easily train many people to make a burger thus lower wage and easy to swap out vs professionals that need many years to be qualified thus paid more as they are also harder to replace. The only time low wage earners can really earn a bit more is with lower supplies of workers to replace which is what's currently happening but it's really still a wash. Instead of hiring 2 people with half the hours they hire one full time that earns the $15. There are enough people that will take that job when they can't get anything else.
@drwalka10
@drwalka10 Жыл бұрын
Don’t understand why the avg tech worker earns so much …. There’s like a billion of y’all graduating from a billion of different colleges around the country and most of your job can be learned 0n the job … but ai is coming
@abczwq8364
@abczwq8364 10 ай бұрын
consider that a person with a white collar job normally has a debt due to student loans whereas blue collars don't
@Lucy_595
@Lucy_595 8 ай бұрын
Yes, because white collar has a degree. The blue collar could barely pass high school. i consider them uneducated.
@Max-nt7ho
@Max-nt7ho Жыл бұрын
Not sure where u got the $13.53 hourly pay for blue-collar worker. My high-school nephew is working his 1st summer job & his hourly pay is $17.
@tommyk6349
@tommyk6349 Жыл бұрын
Biden and trump gave a lot of money out. Biden didn’t need to give the last stimulus check.
@RyanContreras72
@RyanContreras72 Жыл бұрын
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
@brittanynicolette9473
@brittanynicolette9473 Жыл бұрын
That’s crazy, I’m just doing everything wrong with my portfolio.
@Jessicatorres_768
@Jessicatorres_768 Жыл бұрын
The US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look. My wife and I are retiring this year with over $7,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year.
@SophiaBint-wj8wn
@SophiaBint-wj8wn Жыл бұрын
Same here, 75% of my portfolio is in the red and I really don’t know how long I can stomach the losses. I’m beginning to reach a breaking point.
@PhilSommer2
@PhilSommer2 Жыл бұрын
Patience patience patience. It's a cycle.... a sucky point in the cycle, but a cycle nonetheless....
@alicebenard5713
@alicebenard5713 Жыл бұрын
Hello, I am new when it comes to investing and i would really appreciate if I could get some tips about where it is worth to invest in (ETFs, Stocks, Growth stocks, Dividend stock etc.)
@quiet451
@quiet451 Жыл бұрын
It would be great if this trend continues. Blue is underpaid and White is overpaid.
@akaneiluj
@akaneiluj Жыл бұрын
Both are underpaid. Salaries should be adjusted to get to the point they should have been if they would have grown at the same pace as companies revenues since the 1970’s
@BryseKwasney
@BryseKwasney 7 күн бұрын
Blue collar is not a restaurant worker
@shelbynamels973
@shelbynamels973 Жыл бұрын
The video looks at the relative difference in growth of pay between largely unskilled labor vs. skilled professionals. It is a complete apples *Betty* to oranges (Wilma) comparison. Waste of time.
@uhkeyy4144
@uhkeyy4144 Жыл бұрын
not growth when it’s just catching up to inflation…
@jvan6582
@jvan6582 Жыл бұрын
As Lee Brice once said “ I belong to the drinking class”
@12345678910111213106
@12345678910111213106 Жыл бұрын
Low immigration I hear?
@bullbutter9699
@bullbutter9699 Жыл бұрын
Glad I never had to work, How depressing.
@uromvictor
@uromvictor Жыл бұрын
I’m never impressed by economic commentary like this Very baseless in 6months time she will have another story to tell.
@drwalka10
@drwalka10 Жыл бұрын
Low end workers don’t need to be buying more or upgrading anything … hbu save for once in your life or pay off a debt
@nataliakowalczyk3560
@nataliakowalczyk3560 7 ай бұрын
Everyone is the architect of their own fate, if you want to live better, educate yourself or work harder. The pay difference should be even greater because such a small one is demotivating for ambitious people
@jdspringmeier9319
@jdspringmeier9319 6 ай бұрын
I’m not seeing the stats in reality
@miglangell
@miglangell Жыл бұрын
What about light blue? Like nurses or engineers
@angadsingh9314
@angadsingh9314 Жыл бұрын
bro engineers are not blue at all wdym
@benjamindover4337
@benjamindover4337 Жыл бұрын
​@angadsingh9314 you see that guy in a yellow vest holding a shovel behind the traffic cones? He's an engineer.
@angadsingh9314
@angadsingh9314 Жыл бұрын
@@benjamindover4337 I’m sure there are exceptions. But most engineers still sit behind a desk and work on a computer
@benjamindover4337
@benjamindover4337 Жыл бұрын
@angadsingh9314 not really. Engineering involves a lot more shoveling than you might imagine.
@derekfran2157
@derekfran2157 8 ай бұрын
@@benjamindover4337Nah bro. Engineers are desk jockeys. Sometimes they get to throw on a work vest and a hard hat and come down to plan stuff, and they might look like a worker to the unknowing eye, but we see them a mile away, because their hi-viz is the work vest whereas ours is bright neon-colored clothing we wear, their hard hat is as peachy clean as that of a dude on his first day on the job, and THEY GOT SOFT HANDS! 🤣 Down in the dirt, where the real work is done, I don’t see any engineers.
@mohsin2835
@mohsin2835 Жыл бұрын
Is blue collar jobs easy in Lithuania?
@ashleyjenny186
@ashleyjenny186 Жыл бұрын
I'm so happy I made productive decisions about my finances that changed forever. I'm a single mother living in Vancouver Canada, bought my first house in October and hoping to retire soon if things keep going smoothly for me.
@CausticLemons7
@CausticLemons7 Жыл бұрын
I hope more and more Americans continue to gain fair wages for fair labor. It's a shame that the richest country in the history of our species has an underclass...
@djm2189
@djm2189 Жыл бұрын
That's everything Hun ... Have you never heard of the food chain or Darwinism?...
@CausticLemons7
@CausticLemons7 Жыл бұрын
@@djm2189 Have you ever heard of psychopathy?
@djm2189
@djm2189 Жыл бұрын
@@CausticLemons7 I have, how much more help do people want when they don't put effort?! I and many are freaking tired of so many people who make poor choices and expect there to not be consequences. I grew up from the bottom of the barrel and worked and sacrificed and delayed so much gratification to get to where I'm at. This country allows people who try, a great life. If you choose to have kids out of wedlock, too many kids, no education, no drive, don't save a 6 month emergency fund, etc then it's on you when circumstances change. Common fking sense. Take control of your own life. No duh some people have it better...
@jdm1039
@jdm1039 Жыл бұрын
My god. Imagine Trump in this exact same situation. I cringe to think of how it would have went.
@iloveHXC4ever
@iloveHXC4ever Жыл бұрын
r u guys gonna cover the nuclear contaminated water story?
@jeffclark9477
@jeffclark9477 Жыл бұрын
This why they need more immigrants.
@rickywinthrop
@rickywinthrop Ай бұрын
Glad to be blue collar and necessary to the continued functioning of our entire society and civilization. Cant imagine how depressing it would be to know your work is meaningless day after day...even if the pay is better (it isn't, Im a plumber lol)
@jaywenmalone2251
@jaywenmalone2251 Жыл бұрын
This video clearly don’t know what blue collar work is😂
@foadsf
@foadsf Жыл бұрын
That's how the free market works
@nataliakowalczyk3560
@nataliakowalczyk3560 7 ай бұрын
The free market works well, don't worry, the temporary trend of blue-collar workers on the market will soon drop with the influx of immigrants, which is not necessarily a bad thing.
@nicktheking.
@nicktheking. Жыл бұрын
Kathome stis 3:32 kai vlepo afto to video gia na kano to essay 💀
@rbk2kpro
@rbk2kpro Жыл бұрын
Its simple supply and demand. If in the future, no one be a cashier and computers can't do it, then cashiers will be offered 100K+, didn't need to make a 5 min video lol.
@nataliakowalczyk3560
@nataliakowalczyk3560 7 ай бұрын
I think that the cashier is a bad example because self-service cash registers operate in the market, which is quite sad because it was nice to talk to another person
@GroovVictim
@GroovVictim Жыл бұрын
AI will accelerate this trend
@stevedavenport1202
@stevedavenport1202 Ай бұрын
Umm, the gap wont be closed. Are you kidding? A cashier st Walmart will never mske as much as a computer programmer. A highly skilled electrician??...probably.
@IamAWESOME3980
@IamAWESOME3980 Жыл бұрын
i am a black color worker
@steve5nash
@steve5nash 6 ай бұрын
so labor becomes the assets
@ExtremeFear
@ExtremeFear Жыл бұрын
Wait. Let's look at the husbands, Fred and Barney. Their children, Pebbles and Bam bam cost too much to feed these days.
@gbonkers666
@gbonkers666 Жыл бұрын
just eat Dino
@nataliakowalczyk3560
@nataliakowalczyk3560 7 ай бұрын
You can work two shifts or get an education, then you will have enough money
@drwalka10
@drwalka10 Жыл бұрын
Closing the gap = politically motivated fallacy
@nataliakowalczyk3560
@nataliakowalczyk3560 7 ай бұрын
The wage gap should be larger. You can't rob people of their ambition, and making the earnings of an outstanding person flatter is a crime. Everyone is responsible for themselves and is responsible for their own situation. Let's end populism, because communism is not a good system.
@willmitchell6521
@willmitchell6521 10 ай бұрын
This is not true
@alecson6550
@alecson6550 Жыл бұрын
There is no future in blue collar work...the pay is crappie...I no cause I'm in the commercial hvac field...
@MAVENdeNYC
@MAVENdeNYC 8 ай бұрын
There is a future for us blue collars, but only going independently working for our own selves, otherwise yes, no future in working for someone else.
@nataliakowalczyk3560
@nataliakowalczyk3560 7 ай бұрын
It's not true that the pay for blue-collar workers is too high considering what they contribute to society. The differences in wages should be much greater.
@trevorsutherland5263
@trevorsutherland5263 Жыл бұрын
Yeah when I hear UPS drivers now getting $170K that caught my eye. Software dev makes $200K but has to invest huge amount in CompSci degree. Truck driver has to invest nothing. Something is out of balance.
@gabrielgarcia7554
@gabrielgarcia7554 Жыл бұрын
It is possible to work as a software developer without going to college; it is hard but totally possible via boot camps or being self taught. Additionally with a software engineering background it is a lot easier to leverage those skills into starting a business with relatively little overhead. Workers can work from home, physical resources may be just employee laptops and on prem servers and you yourself can start a lot of the initial code base. The skill set from UPS is going to be a lot harder to create your own startup to compete with UPS/FedEx although not impossible.
@benjamindover4337
@benjamindover4337 Жыл бұрын
​@@gabrielgarcia7554oh yeah its no prob to compete with google and facebook. Just grab yourself an html for dummies book and you're all set. Seriously though, companies hire H1b. They dont want to figure out if you know your stuff. They already know theres a billion Indians standing by to work at slave wages.
@binhan721
@binhan721 Жыл бұрын
170k, lol, Don't just read the Title, Dig a little deeper, and you will find out 170k is not what you get pay but total package not for fresh starter but for the people stay in that job long time. UPS Driver they have to work in harsh conditions, facing with lots of dangerous in the road, etc,....
@nataliakowalczyk3560
@nataliakowalczyk3560 7 ай бұрын
@@binhan721 Man, his work shouldn't be worth even half the value of an educated person. The world is suddenly transformed by populism. To achieve good work and respect, you have to give something more
@alhouseine
@alhouseine Жыл бұрын
Ok, what about pink color and brown color worker😅😅😅😅
@SunilMehta131
@SunilMehta131 5 ай бұрын
so now the great economy suggests to become a laborer instead of a skilled worker. White collar hog takes years of studies and knowledge building. Doctors/ somputrt programmers/ accountants/ data analysts it takes a lot of hard work.
@jont2576
@jont2576 Жыл бұрын
Unions maybe?
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