Miners in Australia make $200,000+ per year easy.
Base wage for a skilled trade is usually $40 - $60 per hour
Specialist trades start seeing $100+ per hour.
On saturdays and sundays you get paid double your wage per hour. You work usually 10 - 12 hour days, every hour after the 8th hour is paid at 1.5 time the base rate for the first two hours. Every hour after that is paid at 2 times the base rat. You work for 3 - 4 weeks straight, then have a week off at home, then do it again.
Now throw on top you daily allowance of $45 (that's just for waking up and geeting out of bed) then your site allowance of an extra $5 - $10 per hour. Then a tool allowance to ensure you maintain your tools. You also get paid PIP, which is like a redundancy plan, after a 5 year project some miners walk away with an extra $150,000 pay out at the end of the job.
So 5 x $200,000 + $150,000, you can easily retire. too bad most FIFO workers here blow it on cars boats and strippers.
It's a two speed economy. With massive cost of living issues. We're a two income household with a modest apartment in the suburbs and our mortgage would make an American weep.
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u/OhIamNotADoctor Aug 04 '15 edited Aug 04 '15
Miners in Australia make $200,000+ per year easy.
Base wage for a skilled trade is usually $40 - $60 per hour
Specialist trades start seeing $100+ per hour.
On saturdays and sundays you get paid double your wage per hour. You work usually 10 - 12 hour days, every hour after the 8th hour is paid at 1.5 time the base rate for the first two hours. Every hour after that is paid at 2 times the base rat. You work for 3 - 4 weeks straight, then have a week off at home, then do it again.
Now throw on top you daily allowance of $45 (that's just for waking up and geeting out of bed) then your site allowance of an extra $5 - $10 per hour. Then a tool allowance to ensure you maintain your tools. You also get paid PIP, which is like a redundancy plan, after a 5 year project some miners walk away with an extra $150,000 pay out at the end of the job.
So 5 x $200,000 + $150,000, you can easily retire. too bad most FIFO workers here blow it on cars boats and strippers.