Welding is a globally recognized trade and there are many different types of skills that may be needed in this field. There are also numerous qualifications which can help to set you apart from others who have similar levels or experience as yourself.
If you’re interested in finding out where your future lies, consider taking an online course on how to become a welder. Online courses provide you with all the information you need to get started.
You’ll learn about the right equipment required to start welding, what type of certification you will need, and much more. They are convenient because they allow you to do them at home while working full-time. Many people find that these classes offer better value than traditional college degrees.
As you progress through learning how to work with metal, it’s important to know where you stand when looking for jobs. There are some countries whose citizens earn higher salaries than others. These top ten countries include the highest average annual wage earned by their residents. The data was taken from the CIA World Factbook [ref].
Here are the Top 10 Countries With the Highest Salaries For Welder/Metalworker:
The average yearly income for French welders is $22,000 per year. This makes it the second best country in terms of earning potential. It’s not surprising considering that most of the population has high education level compared to other nations.
Also, France provides its workers with great benefits such as medical insurance coverage, paid vacation time, job security, etc. Its cost of living index is one of the lowest among European Union members. In addition, its unemployment rate hovers around 4 percent, making it less stressful for those seeking employment.
A typical Australian welder earns roughly $34,000 annually. This figure represents a 2% increase over last year according to statistics released by Statistics Canada. However, this number does not take into account overtime hours worked during peak seasons like Christmas. Because of this fact, overtime wages make up another percentage point which brings the total earnings closer to $36,000.
Australia ranks ninth on our list due to its relatively low crime rates. Although violent crimes occur quite often, theft is a major concern as well. Other factors which contribute towards this ranking includes government spending, infrastructure development, and mining investments.
8. United Kingdom (UK)
It seems that UK residents enjoy having the third highest median pay. According to the Annual Survey of Hours and Earnings 2021 published by Office for National Statistics, the hourly pay averaged £16.89 ($23). A worker must complete 1,875 hours before he qualifies for overtime payment. Despite being ranked third on our list, the UK actually comes first in terms of the average amount spent on housing.
There is no doubt that the economy plays a huge role in determining a person’s yearly earnings. When times are tough, companies tend to cut back on employee salaries. As a result, the British pound fell against several other currencies. To put things into perspective, if a US dollar were worth €1.30, then a euro would only buy $0.82! Fortunately, since 2014, the GBP has risen substantially against the USD, giving UK residents more purchasing power.
Italian residents spend approximately $35 billion every year. This figure accounts for 3.5% of GDP. Considering that Italy is one of the largest economies worldwide, this figure is rather impressive.
What contributes to this economic growth? One thing Italians love doing is traveling. Tourism is extremely popular amongst locals in this region. Therefore, construction projects seem to always pop up everywhere. Additionally, Italian businesses export products overseas, helping boost foreign currency reserves.
Lastly, Italy continues to invest heavily in research and technology. While this might sound contradictory to the previous statement regarding tourism, it helps create new markets for Italian goods.
Swedish residents enjoy the fourth highest median household income. A Swedish resident spends almost $51,000 on food alone each year. This number rises drastically during holidays and festivals.
However, even though there is plenty of money available, it seems people still prefer buying local produce instead of imported items. Since most of the workforce works within small shops, the owner pays his employees directly.
Ownership rights vary greatly between stores so everyone enjoys equal opportunities. Another factor that contributes to this rank is the lack of corruption. Most Swedes are satisfied with their standard of living and don’t feel the urge to partake in illegal activities.
Norwegian residents enjoy the fifth highest median household income. Their annual expenditure reaches approximately $59,400 per year. Similar to Sweden, ownership rights vary across business owners. Employees receive fair compensation based upon company policies. Some employers even encourage their workers to join unions.
In terms of health care, Norwegian healthcare providers cover 100% of costs associated with procedures performed abroad. Residents have access to 24 hour emergency services without any additional fees. On top of this, there are free national parks throughout the nation.
Belgian residents spend around $63,500 on food per year. Interestingly enough, this figure increases significantly during summer months, reaching nearly $72,000 per annum. Unlike other Scandinavian countries, Belgian residents usually purchase meat locally.
Even though prices are slightly higher than imports, consumers benefit from lower taxes. Moreover, tax evasion is rare in Belgium. Aside from this, public transportation is fairly good with rail lines connecting cities together.
Although the price of houses varies widely depending on location, most homes are built using concrete blocks and mortar. Not surprisingly, building codes differ between regions but inspectors ensure compliance to safety guidelines.
German residents spend approximately $71,700 per year on food. Compared to other European countries, German residents consume fewer calories per day than anyone else except Denmark.
This is primarily attributed to the large portion sizes consumed daily. Nevertheless, Germans spend the least on alcohol. It’s interesting to note that beer consumption per capita is the same as South Koreans.
Because of its strong manufacturing industry, Germany produces cars, machinery, and electronics. This means that their military receives state subsidies. Furthermore, defense contracts bring substantial revenue into the country. Overall, German citizens enjoy excellent social programs including universal health care, pension plans, workplace childcare, and paid vacations.
Luxembourg residents spend around $74,100 per year on food. Like Germany, Luxembourg residents consume considerably less calories per day than most Europeans. Again, this relates to larger portions eaten. Due to a highly developed transport system, groceries are purchased from nearby retailers. Thus, owning a car isn’t necessary to shop for food.
Similar to the rest of Europe, Luxembourg residents use mostly gas-powered vehicles. Apart from this, most residential properties consist of brick walls and cement floors. Public transportation consists mainly of buses. Taxation differs between individuals. Generally speaking, homeowners pay more taxes than renters.
American residents enjoy the highest median household income. This is largely attributable to the rising cost of real estate property and inflationary pressures caused by the Federal Reserve System (the Fed).
An American household spends approximately $87,600 per year on food. During the holiday season, expenses rise dramatically due to increased travel. Housing prices continue to escalate along with rental costs. Consequently, Americans turn to personal loans to fill the gap.
Despite recent recessions, the U.S. remains the world’s wealthiest country. This distinction is shared with few other nations. Currently, the U.S. has the greatest concentration of wealth. Wealthy families own assets ranging from stocks, bonds, mutual funds, artworks, land, luxury automobiles, private jets, commercial buildings, yachts, etc. These wealthy entrepreneurs employ thousands of skilled professionals. Indeed, it takes special skill sets to manage multi-million dollar enterprises.
If you’d like to see where your career path could lead you, check out welding schools near me. You can choose to study online via distance-learning methods or enroll in a community college close to home. Either way, you should gain valuable knowledge that will prepare you for success once you begin working in the industry.