America's new millionaire class: Plumbers and HVAC entrepreneurs
Tech Jobs vs Skilled Trades
- Many commenters contrast tech workers’ complaints (e.g., RTO, office “stress”) with physically dangerous or disgusting work in trades (plumbing in sewage, chemical plants, construction heights).
- Others counter that mental stress from high-stakes tech work can be severe, and some find manual labor (e.g., farm work) better for mental health.
- Several note tech workers are often unaware how good their working conditions are, but also acknowledge office stress is “real, but different.”
Private Equity & Consolidation
- Strong concern that PE rollups of HVAC/plumbing/electrical firms will:
- Create local monopolies/monopsonies.
- Raise prices, cut quality, and overwork employees.
- Pursue regulatory capture via “safety” certifications that small shops can’t meet.
- Examples cited from vets, dentists, dermatology, car dealers, and HVAC where PE ownership is perceived to worsen service and increase prices.
- Some argue this PE “cycle” eventually opens space for new small firms; others fear regulation and search/marketing advantages will block new entrants.
Earnings, Wealth, and “Millionaire Tradespeople”
- Repeated clarification: big money is usually in owning a trades business, not being an employee.
- BLS numbers shared show median wages for plumbers/electricians roughly in line with national medians; software developers earn roughly double.
- Counterpoints:
- Self‑employed tradespeople can under‑report income, split income with spouses, barter with other trades, and expense vehicles/tools, making official stats understate true benefit.
- In some regions and niches (union industrial work, data center construction, mining FIFO roles), electricians and similar can clear high six figures, often via overtime.
- Early homeownership in HCOL areas can make long‑time tradespeople “millionaires” on paper via home equity; how typical this is remains disputed.
Pricing, Overhead, and Small Jobs
- Sticker shocks (e.g., $500–$700 to run a short thermostat cable or replace a capacitor) spark debate.
- Tradespeople and some commenters argue:
- Quotes reflect travel time, scheduling inefficiency, paperwork, licensing, insurance, and opportunity cost of giving up a full‑day, high‑value job.
- High quotes can be a deliberate way to decline small jobs; if accepted, they at least cover overhead.
Service Quality, DIY, and Information Asymmetry
- Multiple stories of:
- Unnecessary full‑system replacements pitched instead of cheap fixes (e.g., capacitors, sensors, wiring).
- Shoddy installs (miswired stages, misconfigured equipment, unsafe connections).
- Commenters note HVAC/plumbing are ripe for grift because customers are dependent and lack knowledge.
- Some advocate moderate DIY (especially for common HVAC failures) and getting certified to reduce vulnerability.
Barriers, Regulation, and Tech “Democratization”
- Many say trades are already “democratized”: community college programs exist and most firms are hiring; the real barrier is hard, dirty work.
- Others warn future regulation and licensing (e.g., long apprenticeships, tool standards like SawStop) may be used to restrict supply.
- Tech’s role seen mostly as back‑office (dispatch, scheduling, AR for planning) rather than “Uber for plumbers,” which many distrust.
Lifestyle and Career Trade‑offs
- Pros of trades highlighted: defined paths, union pay/benefits, less offshoring risk, camaraderie, possibility of owning a business, lower student debt.
- Cons: physical wear, risk of injury, outdoor/extreme conditions, and regional/boom‑bust patterns.
- Some ex‑tech workers report better blood pressure and well‑being after moving into hands‑on work, even with lower income.