Money Magazine

Where have all the tradies gone?

MY MONEY OCCUPATIONS

In just over six months, thousands of young Australians will be finishing year 12 and moving on to the next stage of their lives, which will begin with making a decision. Typically, they will choose between obtaining a university degree or undertaking vocational education training (VET).

Most will choose the former. Recent data from the Australian Bureau of Statistics shows 63% of people aged 15-74 have a post-school qualification, roughly split between bachelor’s degrees and TAFE certificates. In the younger generations, bachelor’s degrees are the clear winner.

What’s losing out, however, is the trades sector. Australia faces a serious shortage of skilled tradies. According to

You’re reading a preview, subscribe to read more.

More from Money Magazine

Money Magazine1 min read
$200 Slashed From Monthly Grocery Bill
Inflation may have left consumers primed to accept price hikes at the checkout. But for first-time homeowners Chris and Isha Rana, spare cash is a rare thing. Faced with the double whammy of rising mortgage repayments plus higher living expenses, the
Money Magazine3 min read
The Price Is Right – Sometimes
If the expression ‘May you live in interesting times’, usually attributed to the Chinese, was applied to a single ASX sector, I think it would have to be resources. These businesses tend to be price takers and that price is usually nothing if not vol
Money Magazine1 min read
Your ‘Renovate Or Move’ Checklist
1. You can create a home tailored to your specific needs and preferences. 2. You can stay put, which is ideal if it's close to work and amenities, and you have good neighbours. 3. You could increase the value of your home with considered updates. 4.

Related Books & Audiobooks