Latest news with #US70
Sydney Morning Herald
4 days ago
- Business
- Sydney Morning Herald
Want a secure, high-paying job? Don't expect university to get you there
I often debate with my university friends whether the debt and opportunity cost of going to university was worth it, especially now that the rise of non-degree workers is impossible to ignore. Recently, a friend I hadn't seen since high school pulled up to our running club in a brand-new Mercedes. No surprise, he went into real estate. Another casually mentioned dropping $500 on a night out at Crown. You guessed it, he's a sparky. It makes me wonder if I were finishing high school today, would a university degree offer the same clear-cut value proposition it did a decade ago? Why spend years studying when you can make six figures in construction straight out of school. In Australia, construction wages have outpaced the broader economy over the past decade as a result of increasing labour shortages, mirroring trends in the US, where blue-collar workers have seen significant wage gains post-pandemic. 'The median income of men in their 20s with a vocational qualification is higher than for those with a bachelor's degree,' says Andrew Norton, a professor of higher education policy at Monash Business School. Loading But he adds: 'Income growth in trades tends to stall in their 30s, while it continues for graduates.' According to The Wall Street Journal, young Americans are increasingly choosing trades over higher education, perceiving that they offer better job prospects in a future where artificial intelligence threatens white-collar graduate roles. Some employers are now offering highschoolers $US70,000 ($107,000) jobs to take up a trade. Increasing economic uncertainty and fears of recession are also causing companies to retain existing workers longer, while reports from the UK and US reveal graduates are struggling to find work as entry-level positions disappear.
The Age
5 days ago
- Business
- The Age
Want a secure, high-paying job? Don't expect university will get you there
I often debate with my university friends whether the debt and opportunity cost of going to university was worth it, especially now that the rise of non-degree workers is impossible to ignore. Recently, a friend I hadn't seen since high school pulled up to our running club in a brand-new Mercedes. No surprise, he went into real estate. Another casually mentioned dropping $500 on a night out at Crown. You guessed it, he's a sparky. It makes me wonder if I were finishing high school today, would a university degree offer the same clear-cut value proposition it did a decade ago? Why spend years studying when you can make six figures in construction straight out of school. In Australia, construction wages have outpaced the broader economy over the past decade as a result of increasing labour shortages, mirroring trends in the US, where blue-collar workers have seen significant wage gains post-pandemic. 'The median income of men in their 20s with a vocational qualification is higher than for those with a bachelor's degree,' says Andrew Norton, a professor of higher education policy at Monash Business School. Loading But he adds: 'Income growth in trades tends to stall in their 30s, while it continues for graduates.' According to The Wall Street Journal, young Americans are increasingly choosing trades over higher education, perceiving that they offer better job prospects in a future where artificial intelligence threatens white-collar graduate roles. Some employers are now offering highschoolers $US70,000 ($107,000) jobs to take up a trade. Increasing economic uncertainty and fears of recession are also causing companies to retain existing workers longer, while reports from the UK and US reveal graduates are struggling to find work as entry-level positions disappear.
Sydney Morning Herald
5 days ago
- Business
- Sydney Morning Herald
Want a secure, high-paying job? Don't expect university will get you there
I often debate with my university friends whether the debt and opportunity cost of going to university was worth it, especially now that the rise of non-degree workers is impossible to ignore. Recently, a friend I hadn't seen since high school pulled up to our running club in a brand-new Mercedes. No surprise, he went into real estate. Another casually mentioned dropping $500 on a night out at Crown. You guessed it, he's a sparky. It makes me wonder if I were finishing high school today, would a university degree offer the same clear-cut value proposition it did a decade ago? Why spend years studying when you can make six figures in construction straight out of school. In Australia, construction wages have outpaced the broader economy over the past decade as a result of increasing labour shortages, mirroring trends in the US, where blue-collar workers have seen significant wage gains post-pandemic. 'The median income of men in their 20s with a vocational qualification is higher than for those with a bachelor's degree,' says Andrew Norton, a professor of higher education policy at Monash Business School. Loading But he adds: 'Income growth in trades tends to stall in their 30s, while it continues for graduates.' According to The Wall Street Journal, young Americans are increasingly choosing trades over higher education, perceiving that they offer better job prospects in a future where artificial intelligence threatens white-collar graduate roles. Some employers are now offering highschoolers $US70,000 ($107,000) jobs to take up a trade. Increasing economic uncertainty and fears of recession are also causing companies to retain existing workers longer, while reports from the UK and US reveal graduates are struggling to find work as entry-level positions disappear.
Sydney Morning Herald
01-06-2025
- Sydney Morning Herald
Passengers getting up too early on landing? One country has had enough
'Passengers are required to remain seated with seatbelts fastened until the aircraft has come to a complete stop and the fasten seatbelt sign has been switched off!' I'm on a domestic flight overseas, the aircraft is still taxiing, the announcement has already been made twice, yet passengers are still standing up to drag bags from the overhead lockers. I don't get it. You might have your bag but now you're being yelled by the crew and told to sit, and you're not leaving the aircraft any quicker. The urge to unbuckle and grab your bag even when the aircraft is moving is irresistible for some passengers. Apart from shouting at them over the PA system, there's not much the cabin crew can do about it – they have to stay in their seats too, for the same safety reason. Turkey, however, has just called time on offenders. The Turkish Directorate General of Civil Aviation recently announced it intends to fine passengers who stand before the aircraft has come to a complete stop, who unlock their seatbelts or open the overhead lockers prematurely. Based on Article 143 of the Turkish Civil Aviation Law No. 2920, the regulation applies to all carriers operating flights into Turkey. Violators can be fined $US70 ($110). I get that it's cramped in economy and some are busting to stand up get moving as soon as possible but there's a protocol that applies when you're exiting an aircraft. Once the 'fasten seatbelt' sign goes off the well-behaved aisle seat passenger can either stand or stay seated – their choice - until the rows in front have cleared. Passengers with backpacks, note that you're packed in like a Tokyo subway commuter in evening rush hour. If you must put your pack on your back while you're in the aisle, don't swing around like a dunny door in the wind, you're probably going to bonk someone's head and that's intensely irritating. Better still, wait for the passenger slightly ahead in the queue to move, then retrieve your carry-on from the overhead locker and march promptly down the aisle. In any other seat, you're at the mercy of the person in the aisle seat, so no reason to stand and anyway, what's the rush? If you're travelling with checked luggage you're probably going to be kicking your heels at the baggage carousel regardless of when you exit the aircraft. What can go wrong A video shot by US filmmaker Adam Ellick and posted to social media in March shows passengers on an IndiGo flight standing to open overhead lockers and haul out their bags in defiance of safety announcements as the aircraft is still taxiing to its stand. After repeated warnings from the crew the offenders resume their seats, but only after they've removed their bags from the overhead lockers. What was the point? They have their bags but they're not getting off the plane any quicker.
The Age
01-06-2025
- The Age
Passengers getting up too early on landing? One country has had enough
'Passengers are required to remain seated with seatbelts fastened until the aircraft has come to a complete stop and the fasten seatbelt sign has been switched off!' I'm on a domestic flight overseas, the aircraft is still taxiing, the announcement has already been made twice, yet passengers are still standing up to drag bags from the overhead lockers. I don't get it. You might have your bag but now you're being yelled by the crew and told to sit, and you're not leaving the aircraft any quicker. The urge to unbuckle and grab your bag even when the aircraft is moving is irresistible for some passengers. Apart from shouting at them over the PA system, there's not much the cabin crew can do about it – they have to stay in their seats too, for the same safety reason. Turkey, however, has just called time on offenders. The Turkish Directorate General of Civil Aviation recently announced it intends to fine passengers who stand before the aircraft has come to a complete stop, who unlock their seatbelts or open the overhead lockers prematurely. Based on Article 143 of the Turkish Civil Aviation Law No. 2920, the regulation applies to all carriers operating flights into Turkey. Violators can be fined $US70 ($110). I get that it's cramped in economy and some are busting to stand up get moving as soon as possible but there's a protocol that applies when you're exiting an aircraft. Once the 'fasten seatbelt' sign goes off the well-behaved aisle seat passenger can either stand or stay seated – their choice - until the rows in front have cleared. Passengers with backpacks, note that you're packed in like a Tokyo subway commuter in evening rush hour. If you must put your pack on your back while you're in the aisle, don't swing around like a dunny door in the wind, you're probably going to bonk someone's head and that's intensely irritating. Better still, wait for the passenger slightly ahead in the queue to move, then retrieve your carry-on from the overhead locker and march promptly down the aisle. In any other seat, you're at the mercy of the person in the aisle seat, so no reason to stand and anyway, what's the rush? If you're travelling with checked luggage you're probably going to be kicking your heels at the baggage carousel regardless of when you exit the aircraft. What can go wrong A video shot by US filmmaker Adam Ellick and posted to social media in March shows passengers on an IndiGo flight standing to open overhead lockers and haul out their bags in defiance of safety announcements as the aircraft is still taxiing to its stand. After repeated warnings from the crew the offenders resume their seats, but only after they've removed their bags from the overhead lockers. What was the point? They have their bags but they're not getting off the plane any quicker.
