According to new figures, electrician‘s are raking in the cash due to the chronic skills shortage across the country. Specifically, they have been found to earn as much as £3,000 a week. This amounts to a massive £156,000 a year which is six times the national average wage.
And it’s not just electrician’s reaping the rewards either. Instead, bricklayers and plumbers are also benefitting with their wages rising around 10% in the last twelve months!
According to recruitment firm Manpower, these high wages are due to a rising demand for new homes across the UK. This is added to by the shortage of skilled workers within the UK industry too.
The managing director of the company described that most tradesmen are now “very, very highly paid.”
This is supported by a separate report released by the Federation of Master Builders. It found that more than half of small and medium sized building firms here in the UK have found that bricklayers salaries have gone up by at least 5% in the past twelve months. And nearly a third have stated that bricklayer’s salaries have even risen by as much as 10%.
The chief executive of the Federation described that “the industry had been left short of staff since the financial crisis.”
“When large numbers were laid off, recruitment and training ground to halt and older workers retired.”
“The industry lost three generations of talent during the long economic downturn.”
“Ever since the market picked up again in 2013 to 2014, we’ve seen the impact of this, as our members have reported increasing difficulties in recruiting key trades.”
“This is driving very significant wage increases in some areas, with anecdotal evidence suggesting that bricklayers in London can be earning as much as £1,000 per week.”
“Construction hiring often slows in the winter months, but the UK is set to buck the trend this year.”
“Our data suggests this could be the strongest fourth quarter for hiring since 2005.”
So what do you think of this? Do you agree that trade wages are on the up? Let us know what you think in the comments below.