Petroleum engineering is the highest paying bachelor’s degree in the United States, according to a report by Payscale, but despite an average annual salary of $97,500, oil companies struggle to fill positions.
The industry faces a number of challenges. Employees often face cyclical layoffs whenever commodity prices collapse, and that makes the jobs appear unstable. Young people today are also concerned about working in an industry they’re taught is destroying the planet.
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The Government Accountability Office on Wednesday revealed that Boeing is having trouble finding qualified workers for its nearly $5 billion Air Force One project. Thanks to COVID-related delays and retirements, the project is understaffed and behind schedule. The aviation giant has already lost $1.1 billion on the deal, which was contracted in 2018 at a fixed price of $3.9 billion and may not be finished until mid-2025.
Not just any warmblood with a wrench can walk in and get a job assembling the president’s jet. Due to the top-secret nature of the aircraft – actually, two specially converted 747-8s that the Air Force officially designates as the VC-25B – anyone working on the project needs to undergo an in-depth background check for a security clearance.
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