Capital goods are an important factor for all businesses to succeed and operate. People from all over the world are curious to know how Many jobs are available in capital goods. The answer to this question is that it depends on you in which field you have an expertise and in which field you want to work in. Today we will discuss this topic in detail to clear all of your confusions. So if you are interested in capital goods then this article is definitely for you. Let’s jump into the details.
How many jobs are available in capital goods: Full Explained
Concept of Capital Goods:
Before knowing about jobs available we need to understand the concept of capital goods. So basically this term refers to some goods that lead to produce other goods that are in turn sold for money or capital. For example these can be tickets that can be used for valuable services. This job doesn’t include any hard and fast rules, it is very easy to operate.
Categories of Goods:
In general there are two main categories of goods. Let me explain it one by one for you.
1- Consumer goods:
These are basically finished goods that end users use. These can be either durable or non durable.
2-Capital goods:
These are first manufactured and then further used to make final products. There are 2 types of assets that are manufactured and these are final and tangible assets.
How many jobs are available in capital goods?
If we talk about the jobs available then there are more than a million jobs available in capital goods. You would be stunned to know that there are multiple sectors in capital goods and it gives you a choice to work in your favorite sector. The production sector contains more than 600,000 positions.
Different sectors:
In the capital goods industry there are different sectors and in these sectors there are different posts for people. There are sectors such as:
- Household goods
- Furniture
- General construction
- Transportation equipment
Now you can have jobs in these sectors and the roles can be:
- Painter
- Plumber
- Carpenter
- Electrician
- Ironworkers
Types of workers in capital goods:
They have divided workers in two categories and both of them have their own importance. Now let’s look at those types.
- Structural workers
These workers have great importance for maintenance jobs; they usually don’t have a role to play in the economy as a whole. In the entire US there are 803,00 positions available for structural workers and 50% of the capital goods industry goes to these workers.
- Non structural workers:
These workers deal with logistics of the job and there are 545,000 positions available for these workers.
Companies in capital goods:
There are a wide range of companies in capital goods. 5 companies are most highlighted because they follow the latest trends and work on new strategies. Each of these 5 companies are different and work differently but they somehow have managed to compete with each other. The company which introduces more interesting strategies and products comes to number one position. Now let me give insight about these 5 top companies.
- Johnson and johnson
This is a very important company in a capital goods industry that makes pharmaceutical and medical devices. It works in 60 countries and contains 250,000 workers.
- Hitachi ltd
Hitachi has been working since 1910 and it is among the most successful companies in the world. Their business includes information , technology and electronics. They have more than 300,000 employees.
- Siemens
The main focus of this company is on electronics. It also has more than 350,000 employees. It has a market capitalization of more than 100 billion dollars.
- General electric
The companies that continuously attract the audience and produce top notch products stay on number one on the list. This company also has a 100 billion capitalization.
Conclusion
There are a lot of people who want to choose this career path but they are confused due to pay rates. So all above mentioned ”How many jobs are available in capital goods”. You can for sure opt them if you are satisfied with the pay. I hope you have understood things better now.
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