CEO Claims Elevator Mechanics Can Earn Over $150,000, and They're Struggling to Hire Enough of Them

Written by Emily J. Thompson, Senior Investment Analyst

Source: Businessinsider

Updated: 1 hour ago

0mins

Source: Businessinsider

Growing Demand for Elevator Mechanics: Otis CEO Judy Marks highlights a rising global demand for skilled elevator mechanics, with the company struggling to hire fast enough to meet this need.
High Earning Potential: Elevator mechanics can earn substantial wages, with reports indicating salaries can reach up to $158,890, making it one of the highest-paying trade jobs.
Apprenticeship Programs: Otis offers apprenticeship programs starting at age 18, providing opportunities for young workers to enter the field and gain valuable experience.
Job Security in the Industry: Despite concerns about job security due to automation, Marks emphasizes that the role of elevator mechanics requires extensive training and physical labor, making them essential in the industry.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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