Codie Sanchez Profile picture
May 18, 2024 16 tweets 5 min read Read on X
We could be seeing the death of the white-collar job.

10 trends that prove the Blue-Collar Wave is happening right now:
1. 56% of Gen Z would rather turn a wrench than type in a spreadsheet.

They see:
• Insane college costs
• Rising pay of blue-collar jobs
• Less stigma on working with your hands

The Wall Street Journal calls them the 'Toolbelt Generation.' It's easy to see why:
2. College ROI is being questioned like never before

Studies show 40-50% of recent grads end up in jobs that don't use their degree.

With skyrocketing tuition and student loan debt, many are rethinking the value of higher ed altogether. Image
More and more are opting for career paths wihtout expensive schooling.

Is the college premium still worth it? Gen Z isn't so sure. Image
3. AI anxiety has workers rethinking what fields are "safe"

ChatGPT's showing how many white-collar jobs could be automated.

But plumbers? Electricians? Mechanics? Not so much.

Gen Z now believes the trades = security Image
4. Dirty fingernails are starting to out-earn clean ones

Recent construction hires saw pay jump 5.1% to a median of $48,089.
That's almost twice as fast as professional service roles, which rose just 2.7% to $39,520.

The median construction worker now earns $69,200—not far behind business roles at $78,500. Image
5. Vocational schools have soaring growth

Trade school enrollment surged 16% last year alone.

74% of people still see a stigma around vocational education—but that's expected to fade fast. Image
6. Innovative new school models are blending the classroom and the jobsite

Campuses like Opportunity Central in Texas mix academics with real-world work experience.

The future of education may look more like this than a lecture hall:
7. Retiring boomers are creating a surge in blue-collar demand

Mass retirements are leaving huge gaps in critical fields.

It's creating a desperate need for young talent in the trades. Image
8. Trades workers ARE younger than ever

The average age of electricians, plumbers, & mechanics is trending down.

This is a stark contrast to the overall aging of the population.

As boomers retire, Gen Z is stepping up. Image
9. Tech & falling stigmas are making dirty jobs more attractive than ever

Advancing tools & safety tech are modernizing blue-collar fields.

Attitudes are shifting.

The jobs that keep our world running are finally getting their due. Image
10. Young people are realizing the potential of local business

They see the upside in owning a welding shop over being a cubicle dweller.

Our community alone has seen dozens & dozens of ex-teachers and laid-off techies opt for cashflowing biz's over re-entering the rat race.
The tides are turning. 

Those who build and fix may soon out-earn those who type and talk.

It's not just a trend. It's a movement.

And it's just getting started...
Shoutout to our builders @_CTCommunity riding the Blue Collar Wave.

Share here if you want others to see this, and follow me @Codie_Sanchez for more:
@_CTCommunity A lot of you are interested by this idea.

Yes, it's Gen Z. But it's also you and me.

If you feel serious about business-buying, you can book a consult with our team:
contrarianthinking.biz/community-tw

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More from @Codie_Sanchez

Apr 23
This is Bill Perkins.

He's worth 100s of millions, a hedge fund manager, poker player, asymmetric thinker...

And my smartest mentor.

Steal his 7 principles on how the rich think differently: Image
1. You Have ZERO Risk

Most people are afraid of risk because their egos can’t stand looking like an idiot.

I remember being slightly mind-f*cked by Bill's idea that educated people have no actual financial risk.

Listen to him explain it here:
2. Don’t Get Attached To Your Ideas

You need people in your life to give you a reality check from time to time.

One time at Bill’s house, I was in the midst of sharing a new business idea when he interrupted me to ask:

"Has small infected your thinking?"
Read 10 tweets
Apr 22
The system is designed to keep you comfortable, not wealthy.

This financial autopsy of a 36-year-old couple earning $350k proves it.

Look at these numbers: Image
I just analyzed this financial autopsy of a couple in the Detroit suburbs:

- 36 years old
- $350K combined income
- $700K retirement accounts
- $900K mortgage

Looks like the American Dream on paper... Let’s look at the monthly
Monthly income:

1. Wife: $7.2k ($3.6k x 2 per month)

(Salary is $150k/yr. After taxes, her take-home is ~$86k/yr)

2. Husband: $7k - $12k

Total: ~$17k per month Image
Read 18 tweets
Apr 9
Stressed about what you pay in taxes?

Start a business.

Whether you run a VC-backed startup or freelance on the side, the US tax code favors business owners over everyone else.

Here’s everything you should know:
1 - Business Expenses

You can take a deduction for anything you use to run your business.. internet, phone, software, conferences (including travel)

Business owners can also deduct their home office square footage from their rent or mortgage (which W-2 employees cannot!)
2 - Solo 401k

If you have no employees, you & your spouse could each get a $70K tax deduction by setting up a Solo 401k!

Unlike a corporate 401k, you fully control this &can invest it in (almost) any asset

You can even use it to fund a Roth IRA!
Read 13 tweets
Apr 5
Business scaling isn't rocket science.

But it is a science.

After working with 100s of companies, I can tell you the difference between the ones that plateau and the ones that explode comes down to these 3 levers:
Every scalable business needs:

- The right people (who)
- The right systems (how)
- The right focus (what)

Miss any one, and you'll hit a ceiling.

Let's break down each piece (and I'll share what most get wrong):
1. Let's start with PEOPLE

Most owners hire too fast, fire too slow, and expect a miracle in between.

A bad executive hire will cost you $200-300K+ and waste 6-12mos of momentum.

But get it right? You start to own your business instead of being owned by it.
Read 15 tweets
Mar 29
Build your business so it’s sellable… and you’ll never be forced to sell.

This is the map for a business that runs without you (& attracts serious buyers):
Most people run their business until they're miserable. And then try to sell.

Don't be most people.

First step…
Your goals and objectives will tell you what you want out of the sale.

"Codie, my goal is to sell for as much as possible. Duh.”

Which is sort of true…

But what you’re really after is making a lot of money without having to stay at your company until you die.
Read 15 tweets
Mar 12
MBA graduates are no longer interested in employment at Goldman or Google.

They want ownership.

First wave was startups. Next wave will be acquisitions.

Here’s why buying businesses is the new gold rush:
Building = years with no profit.
Buying = cashflow from day one.

When you buy a business, you're not gambling on potential.

You're getting proven profits, existing customers, and someone else's 10,000 hours of work... Made yours overnight.
The best targets? Boring businesses nobody talks about at parties.

Laundromats. Property management. Plumbing. HVAC.

They're not sexy, but they've been making people rich for decades while trendy startups (like your WeWork’s) incinerate cash.
Read 18 tweets

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