How is the pay for trade jobs?

I've heard that trade jobs can pay pretty well. I'm curious about what the pay looks like for different types of trade jobs. Are there any specific trades known for higher salaries, and how does experience level impact pay?

The salaries for trade jobs can widely vary depending on the specifics of each trade, the geographical location, and the level of experience and certification of the worker. However, in general, a lot of trades are known for paying considerably well in comparison to some professions requiring a degree.

In terms of specific trades known for higher salaries, here are a few examples:

1. Elevator Mechanics: They are involved in the installation, repair, and maintenance of elevators, escalators, moving walkways, and other lifts. According to the U.S. Bureau of Labor Statistics, the median pay for these workers was about $102,420 in May 2023.

2. Electrical Power-Line Installers and Repairers: These professionals are responsible for installing and fixing cables or wires used in electrical power or distribution systems. As per the Bureau of Labor Statistics, these professionals earned a median pay of $85,420 in May 2023.

3. Plumbers, Pipefitters, and Steamfitters: These workers install and repair piping fixtures and systems for water, steam, and other liquids or gases. The median pay for this trade was approximately $61,550 in May 2023.

Regarding the effect of experience on pay, as in most jobs, more experience usually leads to higher pay. In trade professions specifically, this can be due to a few factors. As tradespeople gain more experience, they tend to perfect their skills, making them more valuable to employers. Additionally, many trades have progressive licensing systems, with newer workers starting as apprentices, then becoming journeymen after meeting certain training and experience requirements, and finally becoming masters, if they meet additional requirements. At each licensing level, pay typically increases that can be substantial.

Licensed journeymen typically earn more than apprentices, while licensed masters usually earn the most. In addition to experience and licensure, continuing education and specialization can also enhance earnings in many trades. For instance, a plumber who specializes in pipe laying may earn more than a general plumber.

However, individual earnings can vary based on a variety of factors, so it might be a good idea to research your local job market and talk to professionals in the trade to get a more accurate idea about potential earnings. It's also worth noting that self-employed tradespeople often set their own rates, which can lead to increased earning potential if their services are in high demand.