Heavy equipment operator jobs, once viewed as the most glamorous and lucrative of the tech industry’s jobs, are now being threatened by rising competition from robots and artificial intelligence.
The industry’s top earners will soon be facing a threat to their livelihoods, according to research from McKinsey & Co. The McKinsey report estimates that the average wage for a top executive at a large US heavy equipment manufacturer has increased by just 4% in the last decade.
The report estimates this is driven in part by automation, as companies are increasingly turning to software to help automate tasks and automate jobs.
This automation has also made it harder for workers to adapt and retain their skills.
The report estimates the average annual wage of a heavy equipment executive in the US dropped by about $3,500 in the past decade.
The average annual salary for a similar job at a smaller manufacturer fell by $3.50.
Companies are increasingly shifting to automate tasks, making it harder to adapt.
“Heavy equipment operators are becoming increasingly dependent on machines,” McKinsey said in a report.
“Automation has accelerated in recent years, with the rise of artificial intelligence and robotics.
In addition, there are increasingly fewer skilled workers available in heavy equipment operations.”
In other words, a heavy machinery operator with a good work ethic will earn a lot more money now, but they will need to be better at keeping their jobs.
The McKinsey study found that automation is driving up salaries, but it is also causing some people to retire early.
“Many people in the heavy equipment industry are likely to retire within five to 10 years,” the report said.
“It will require them to be more flexible in the type of work they do.”
A high salary and good working environment are also the best things to have going for you, the report found.
The study said heavy equipment companies were particularly focused on providing people with a stable, safe, and productive work environment.
But these high salaries aren’t enough to cover the costs of healthcare and retirement.
McKinsey also found that many heavy equipment operators also have other jobs that pay well, but which can be challenging to find.
The biggest employers for heavy equipment workers are oil and gas companies and transportation companies.
The jobs are relatively well paid, but there is a lot of turnover, McKinsey found.
McKinsey also looked at some of the jobs for the same people in a smaller group of companies.
The study found some of these jobs pay even more than the heavy machinery jobs.
The transportation sector had the highest average pay of any industry, with an average salary of $52,000 a year.
Heavy equipment companies and trucking companies have lower average pay.
McKinsell said heavy machinery companies are also making it more difficult to retain workers, which is creating a competitive disadvantage for workers who want to keep their jobs after retirement.
“Some people will decide to move on to something else, but a majority will retire and not have access to the skills they needed,” the study found.