Paying jobs in capital goods are some of the fastest growing and most lucrative ones that exist today, especially in this modern era of automation. So, what do capital goods jobs pay? Whether it’s machine operators or specialists and engineers, these jobs often pay well above the median income. However, salaries can be quite different depending on the industry. In fact, if you want to maximize your earning potential then it pays to know where the best paying jobs in capital goods are going to be.
What are capital goods?
Capital goods are any product, service or piece of technology that is being used to create a finished product . Everything from retail stores to automobiles fall into this category. More specifically, machinery and equipment that move or help produce other goods fall under this category.
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What do capital goods jobs pay?
If you are concerned about what do capital goods jobs pay then don’t worry Capital goods jobs pay incredibly well due to the nature of their work and the value they add. Some of the best paying jobs in capital goods are as follows:
Machine operators:
An advanced manufacturing facility needs specialized machine operators to operate different pieces of equipment. These include lathes and milling machines, which can cost hundreds of thousands of dollars to install.
Engineers:
Technically speaking, there are many engineers who work in this field. However, the majority of them are either engineers or technicians who are trained to develop and participate in the design of equipment and machinery.
Machinists and technicians:
These are the specialized professionals who have to understand how a piece of machinery operates and know how it can be operated. They also need to understand the law, so they are compliant with safety regulations.
Fabricators:
Fabricators make parts that other employees assemble, usually within an automobile factory. They may work on cars but most of them prepare parts for other vehicles and equipment.
Production workers:
Production workers are often found in automobile factories. They prepare parts, install them, and test them. They are also responsible for maintaining the workplace.
Production managers:
These people oversee a manufacturing plant or organization because they have to have the right equipment and machinery in place. They also need to be effective in terms of production so they can make sure the job gets done on time.
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What do capital goods jobs require?
There are a few requirements needed for on job success in this field. By far the most important is the ability to work safely while avoiding injury or damage while using machinery or equipment. A strong attention to safety is also required. Other important requirements include a good background in math and science such as mechanics and electronics.
Do I need a degree or certification?
Most people entering this field either have a high school diploma or some type of certificate. In the current economy, even some of the best paying jobs in capital goods require at least a two year degree . However, in order to be most effective, workers need to have both. Generally speaking, blue collar workers are going to be paid much less than white collar ones.
Why do capital goods jobs pay so well?
Now we know what do capital goods jobs pay, let’s have a look at why do capital goods jobs pay so well. There are two reasons why capital goods jobs pay so well. First, these professionals do hard work that no one else wants to do. In fact, many of them require specialized training and experience that are only found in this field. Second, they are highly skilled workers and their work is very valuable to the organization doing it.