As a copy editor, I must first point out that the topic of “how much do subcontractors make a year” is too broad and lacks specificity. In order for this article to be SEO-optimized and effectively target its audience, it needs to be more focused in terms of industry or profession.
However, if we were to take a general approach and discuss the earnings of subcontractors in various fields, we can come up with some rough estimates.
According to the Bureau of Labor Statistics, the median annual wage for all construction and extraction occupations, which includes many subcontractors, was $47,430 in May 2019. This figure varies based on the type of work being done and the experience and expertise of the subcontractor.
For example, electrical and plumbing subcontractors typically earn higher wages than those in other construction trades due to the specialized skills required for those jobs. The median hourly wage for electricians, for instance, was $27.01 in May 2019.
In the field of IT, subcontractors can earn anywhere from $50 to $150 per hour depending on their level of experience and the type of work being done. A recent report by MBO Partners found that IT subcontractors earned an average of $105,000 annually.
In the healthcare industry, subcontractors such as physicians or nurses who work on a contract basis instead of being directly employed by a hospital or healthcare organization can earn anywhere from $100 to $300 per hour depending on their specialty.
It`s important to note that these numbers are rough estimates and can vary widely based on factors such as location, level of experience, and demand for specific skills.
In conclusion, while it`s difficult to give an exact figure for how much subcontractors earn annually, there are resources available that can provide some general estimates. It`s important for subcontractors to research and understand the earning potential within their specific industry and to constantly work on improving their skills and reputation to increase their earning potential.