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In many places, particularly in North America, elevator mechanics belong to a company called Elevator Constructors. L abor unions have a large impact on the industry, depending on the country. Mechanics make an average annual wage of US$70,910 (as of May 2010). [1] Elevator mechanic jobs are expected to grow of 13% from 2014 to 2024. [1]
A cable technician and an aircraft mechanic can earn an average salary of $70,714 and $82,476 respectively, ... but you could consider plumbing or elevator maintenance instead.
[4] [5] The union limits entry of new workers into the field, and has constrained the ability of firms to use new technology to streamline elevator production in the United States. [5] Data indicates that elevator-related work is the highest paid trade in the United States, with a median wage $47.60 per hour in 2021. [5]
Average wage in the United States was $69,392 in 2020. [1] Median income per person in the U.S. was $42,800 in 2019. [2] The average is higher than the median because there are a small number of individuals with very high earnings, and a large number of individuals with relatively low earnings. (See Income inequality in the United States.)
The elevator operator had to regulate the elevator's speed, which typically required a good sense of timing to consistently stop the elevator level with each floor. In addition to their training in operation and safety, department stores later combined the role of operator with greeter and tour guide , announcing product departments, floor by ...
Some 27% of renters pay more than half their income for housing. As of 2023, 54% of homeowners had incomes that were higher than their expenses. Just 39% of renters had positive cash flow.
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