The capital goods industry is indeed a significant force that boosts employment and helps fight the vices of unemployment due to the availability of jobs.
It would be an intelligent question to ask, “How many jobs are available in Capital goods.”
Capital goods are very prominent in the urban areas; no wonder troops of people migrate to the urban areas in search of jobs.
This article will give you insight into how many jobs are available in Capital goods and other related facts about this career path.
Keep reading as we delve deeper into this!
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What’s Capital Goods All About?
Capital Goods are simply goods used to produce other goods for consumption.
According to Wikipedia, “capital goods are a series of heterogeneous commodities, each having specific technical characteristics in the form of a durable good used in producing goods or services.
Capital goods are a particular form of economic good and are tangible property.
The Use, Owners, and Examples of Capital Goods
Capital goods are helpful because you can use them to accumulate wealth invested in production.
They are also used to manufacture other items or services within a specific time frame.
Capital. Goods are owned by individuals, households, businesses, and governments with foresight and purchasing power.
Here are examples of Capital goods:
- Buildings
- Machinery,
- Tools
- Computers and other types of equipment are used to manufacture other items for sale.
How Many Jobs Are Available In The Capital Goods Industry?
The capital Goods industry is a well of job opportunities for people of different ages, most especially youth adults, due to its strength and speed.
Although most of the job opportunities in this industry are in the Labor sector and are geographically located in the urban areas, there are so many jobs available in the industry.
Based on recent research, The jobs available in capital goods industries fall in the range of 1million to 2 Million.
And only about 200,000 Of them Involve working as a Laborer. This Means That There Is A Tremendous Need For People To Fill Those Other 2.3 million Positions.
The capital goods industries have several job opportunities for those in the listed fields below.
- Utility System Installers
- Engineering,
- Marketing and advertising,
- Product Designers And Designers
- Manufacturing
- Technology.
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Best Places to find Capital Goods Jobs
The longer desire to know where to find Capital Goods Jobs will be granted below; here’s an outline of where to find jobs in the Capital goods industry.
One of the most reliable places to find Capital Goods jobs are in public offices like
The Department Of Energy
National Institute Of Standards And Technology (NIST) and many more
Another place you will get access to Capital Goods jobs is in the private sector. This is because there are so many private Companies that Provide capital. Goods.
You can also find capital jobs via some job posting websites like Find Capital Goods Like Linkedin, Indeed Or Monster.
Average Salary For Capital Goods Workers
Salaries for capital goods workers are also influenced by the industries they work in.
For example, the Bureau of Labor Statistics (BLS) just released its latest report on the employment situation of capital goods workers, which revealed that their average annual salary has increased to $71,580. By 2027, this figure is expected to rise to $84,460.
The average salary of a capital goods worker varies depending on the job title, years of experience, and location.
For example, according to Indeed, in 2017, an engineer with less than five years of experience working in the Midwest earned a median wage of $54,000.
A Sales Representative with the same level of experience working in New York City, on the other hand, earned an average of $95,000.
Best Paying Jobs and Salaries in Capital Goods
The table below shows the best-paying jobs and their salaries in the capital goods industry in no particular order.
| Position | Salary per anum |
| Manufacturing Director | $210,000 |
| Director of Finance | $120,000 |
| Research Methodology Manager | $135,000 |
| Mechanical Engineer | $93,000 |
| Industrial Designer | $75,000 |
| Sales Engineer | $86,000 |
| Training and Development Manager | $120,000 |
| Supply Chain Manager | $120,000 |
| Quality Assurance and Control Manager | $88,000 |
| Chief Risk Officer | $150,000 |
| Research and Development Manager | $125,000 |
| Project Manager | $89,000 |
| Engineering Manager | $110,000 |
| Software Engineer | $120,000 |
| Credit Controller | $200,000 |
| Business Development Manager | $95,000 |
| Marketing Manager | $98,000 |
| Customer Service Representative | $87,000 |
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Conclusion
We are blessed with so many innovations as a result of the intelligent work of intelligent people who make
use of the resources (most especially capital goods) available to them. Therefore, the Capital Goods industry will always have job opportunities because innovators need it to create innovations, which will create jobs for many.
The capital goods industry will always flourish no matter what and invariably help curb unemployment and poverty
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