Future unemployment will be (mostly) voluntary unemployment

 [[{“value”:”A shortage of electricians means that those willing to endure long shifts and live on remote sites can potentially earn up to A$200,000 (US$124,000) a year — double the national average salary and not far off the average MP salary. “It’s a cup half full/half empty life. You do 12-hour shifts, there’s the heat, the
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A shortage of electricians means that those willing to endure long shifts and live on remote sites can potentially earn up to A$200,000 (US$124,000) a year — double the national average salary and not far off the average MP salary.

“It’s a cup half full/half empty life. You do 12-hour shifts, there’s the heat, the flies and you’re stuck in a donga [temporary housing] in a single bed. But you’re fed well and everything’s covered. You leave your credit card at home. You earn good money and you get plenty of time off,” said Dowsett of his life as a fly-in, fly-out electrician.

The high salaries reflect the fact that fewer Australians want to be electricians, creating a potentially devastating shortage as major renewable energy, mining and data centre projects come online. Australia needs 32,000 more electricians by 2030 to meet the demand for workers, according to a report from the Clean Energy Council, citing government statistics.

Here is more from the FT, via the excellent Samir Varma.

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 Economics, Uncategorized