Jobs Abroad: What Does It Mean To You And Why Should You Care?

What are offshore jobs? What do people mean when they talk about jobs abroad? Well, different people mean different things when they use this phrase. In its broadest meaning, jobs abroad means any job that is not on the mainland of wherever you are staying. It could mean a job on an offshore oil rig or it could mean a job on an island belonging to another country. For someone residing in the US, a job in the Cayman Islands or Singapore would be offshore, just like a job on an oil rig off the coast of one of the Gulf states.

Why should it matter? Actually, for two reasons. The first is taxes. There are certain laws in the US designed to encourage citizens to take on difficult situations or dangerous situations outside the border. If your attorney and your accountant agree that your work falls into this category, you may be able to get a fairly large tax deduction. At any given time, you could deduct up to $ 80,000 per year. If you were a laborer working on a deepwater oil rig and earned $ 80,000 per year, this meant you didn’t have to pay any income tax. Obviously, you will need to consult with your attorney and your accountant to complete the appropriate paperwork.

The second important reason is that an offshore job generally pays better than its equivalent onshore job. You will be paid more as a driller on a deepwater oil rig than as a driller on an onshore oil rig. The same goes for support jobs like electricians and mechanics. Pay offshore is much better, especially today when the entire oil industry faces a severe shortage of hot bodies to man its new oil rigs.

So why are oil companies paying more for offshore work? From an economic point of view, it is a simple question of supply and demand. Right now, oil prices are high and rising. Most of the oil is under the ocean, so oil companies are desperately building offshore oil rigs and deep-sea oil rigs. While robots work well in the limited confines of a factory, oil rigs cannot yet be automated. They still need human crews to operate them. Hence the great demand for workers. Unfortunately for oil companies, the people who have the necessary qualifications to work on an offshore oil rig are quite rare. You need to have a combination of guts, brains, and physical strength. Not many people have all three. So we have a high demand and a low supply, which translates into sky-high wages. Someone who is basically a worker can earn more than the director of a small business.

Other than that, an offshore oil rig is considered a difficult and potentially dangerous post. You need to keep this in mind as the dollar signs dance in front of your eyes. While modern rigs are undoubtedly safer than the oil rigs of 50 years ago, you have to remember that working in the middle of the ocean can be quite exciting when there’s a big storm around you … or an earthquake or a tsunami (if you’re near the coast).

Now you should have a better idea of ​​what people mean when they talk about jobs abroad and why they should care.

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