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SkilledTrades Offer Better Pay Than Degrees Amid AI Disruption

Financial Times Companies •
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The rise of AI threatens white-collar jobs, but skilled trades like plumbing and plastering offer more stable earnings with lower automation risk, according to Financial Times analysis. BlackRock's forecast projects 5.3% US skilled trades growth by 2034 versus 3.1% average job growth, while UK construction needs 200,000 new recruits by 2029. Apprentices earn while learning with minimal debt, though qualified tradespeople face high startup costs—up to £10,000 for tools—and self-employment challenges including pension coverage and physical hazards. Despite these barriers, trades offer median earnings £11,000 ahead of non-graduate jobs, though lower than graduate roles.

The FT notes UK graduate oversupply exacerbates this, with 35% in non-graduate positions years after university. Skilled trades emerge as a viable alternative for younger workers seeking practical, remunerative careers amid AI disruption.