> That means about 2 hours of labor per rig. We’ll call that $50 Does that seem low to anyone else? I don’t really have any background in the area, but 25/hr cost to the company would be less than 20/hr pay for the skilled labor. Other countries are different of course, but in US I could make that much flipping burgers in the right area.
I earn about €26/h before taxes in western Europe, an income which lets me live in relative luxury (not "private jet" luxury, but I literally do anything I want and still save more than a third of my income with a 36-hour work week), and that's for security consultancy which is way more specialised than the job you're talking about. I think it's also above the national average, but I don't have the statistics on hand. Not sure what the cost to the company is, I think they put in another hundred a month for health insurance or pension or something (they pay 50% and I pay 50%, though I don't see why keeping 50% off my payslip helps anyone, an employer will just deduct that from the salary they can offer) plus some overhead for accounting and whatever, but it's probably not that far off.