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America's new millionaire class: Plumbers and HVAC entrepreneurs

(www.wsj.com)
185 points hhs | 1 comments | 13 Oct 24 15:35 UTC | HN request time: 0.211s | source
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bryanlarsen ◴[13 Oct 24 16:56 UTC] No.41829554[source]▶
- Buying an annuity with the same benefits as a good pension will cost over >$1M, so it's not much of a stretch to call anybody who was one of those a millionaire too.

- I think the keyword here in the title is "entrepreneur", not "plumbers & HVAC"

replies(1): >>41837767 #
1. vundercind ◴[14 Oct 24 14:17 UTC] No.41837767[source]▶
Yuuup, the ones who make serious cash may still be on job sites part of the time (the ones you want to hire sure are…) but they’re making so much money because their main jobs are sales and management.

Same as anything else, the real money is in getting a slice of the value of a bunch of other people’s labor. A tradesman who’s quite good at their trade, but no good at management or sales, has a much lower cap on earnings because this route’s not available.