How long would it take to earn 30k+ a year in minimum wage job?

Got2Save

I want to know, on estimate, how long it would take someone to earn 30k (and more) starting out at minimum wage? Which kind of industries is this possible?

TELLIT01

You would have to work 80 hours per week, assuming no overtime rate, to earn 30k per year on minimum wage if 25 or over.
If you are asking how long it would take to move up the salary scale from minimum wage to earn 30k per year for a 40 hour week, it's impossible to answer. Many businesses these days seem to view the minimum wage as maximum wage and only increase it when forced to by government legislation.
Many other employers only increase salary by 1 or 2 % per year.

Alice_Walker

How long is a piece of string?

A graduate with experience can go up the ladder quite quickly, someone with few skills and little ability will never make it.

Takeaway_Addict

Got2Save wrote: »

I want to know, on estimate, how long it would take someone to earn 30k (and more) starting out at minimum wage? Which kind of industries is this possible?

Your best way to move up the ladder is be prepared to move to new areas to move up the payscale. If so you could be on 30k in 4-6 years IMO but depends on how well you do, how flexible you are and as someone else put how long is a piece of string!

DCFC79

Also depends if your wanting to work at it, put the effort in to work your way to that point.

Lamentation

My understanding is that in the past, 1 in 40 jobs paid NMW and now it's around 1 in 20. Not sure of the timescale to confirm how long this has doubled. Probably worth checking to see if this is true.

If it's correct, and if it continues to expand, the National Minimum Wage will become the National Maximum Wage ...

xapprenticex

With money comes greater responsibility and stress, DONT be fooled by the money alone.

You can be on 20k and someone else on 35k and a lot of the time they are just as broke as you are with the added stress of having to manage people, work more hours and face the boss when things go wrong.

Got2Save

xapprenticex wrote: »

With money comes greater responsibility and stress, DONT be fooled by the money alone.

You can be on 20k and someone else on 35k and a lot of the time they are just as broke as you are with the added stress of having to manage people, work more hours and face the boss when things go wrong.

I don't mind taking on more responsibility because my main aim is to grow my own business, but in case that doesn't work out I am trying to look for alternatives. Doesn't really help that I am not qualified for a lot of the better jobs, so therefore my next best option of moving up the career ladder within a company. I just have no clue which kind of industries I would have that opportunity.

fewgroats

If it's a minimum paid job you might not be in it very long.

sangie595

Sorry, but you are long term unemployed with no skills to speak of and a poor work history. The first objective is to get a job. You can't be picky about which industries might one day promote you. And you really can't afford to split your attention. You either go all out for a career, or to build your business. Try to do both at the same time, and you have no time to do either well. Careers are hard work. So is building a business. Both take extra effort. It's only a few weeks ago that you wanted a minimum wage job to get together enough money to put into the business, and that was all. You need to make a decision about what your realistic prospects are. And stick with it.

w211

Got2Save wrote: »

I want to know, on estimate, how long it would take someone to earn 30k (and more) starting out at minimum wage? Which kind of industries is this possible?

Got2Save wrote: »

I don't mind taking on more responsibility because my main aim is to grow my own business

I just have no clue which kind of industries I would have that opportunity.

Minicabbing?

Start off by working as a driver for a firm. You'll probably be on less than minimum wage (usually, you'll be self-employed), as first year expenses are quite high, especially with insurance, getting a car, licensing, etc.

You should be earning more after a year or so as you gain experience, those costs mentioned should go down (as long as you invest wisely in your car, and don't have any accidents). Build up relationships with other drivers, and regular customers, so that they request you again.

Next step, is getting an operator's licence, so you can take bookings yourself. Build up your own portfolio of clients. Maybe move into the executive market. Any work you can't do, you can sub-contract out to other drivers, and take a commission. Use social media to advertise, set up a website/app to take bookings, etc.

Build up enough work, so that you don't have to drive any more. Office premises and staff, can then be acquired. You'll then be running your own business.

I'd reckon about 5 to 10 years, depending where you are (suburb/urban), and if there's a market.