The Labor Department is expecting there to be 6 million new jobs added between 2020-2029, meaning the growth rate will only be around 0.4% per year in comparison to the 1.3% annual growth rate between between 2009-2019. In a bar-graph provided by the Bureau of Labor Statistics, Healthcare Support and Community and social service are expected to have the largest growth between 2020-2029 while occupations such as Farming, Sales, Production, and Office and Administrative support are expected to a negative percent change. They said that this is "a reflection of 'the outlook for business investment and efficiency gains anticipated in the use of labor and capital inputs.'"
5 comments:
As I mentioned in another post, it is important for the lawmakers to encourage people to adjust to the technological and economics changes taking place in our country if they want to get a job or continue to 'have' a job. By 'adjust', I mean they should gain skills that can not be replaced by computers and other technology. A lot of the jobs will be replaced by technology, especially more now given the COVID-19 pandemic. Waiters will be replaced by tablets, delivery companies are using robots/drones to deliver, etc. These changes will continue to happen in other industries as well, therefore it is very important to protect some workers by teaching the some skill that can not be replaced. Otherwise, the job growth rate will continue to decline.
I think the US has the potential to balance this out what Haris mentioned in his comment by stimulating healthy economic growth. Like in a free-market economy, the government doesn't need to do anything when growth is healthy, as capitalism encourages small businesses to compete, thereby creating better ways to meet consumers' needs. The proper role of government is to provide a supportive environment for growth, where the economy can have healthy growth.
since there are many changes that are taking place, another change is the digital market coming in. everyone at some point will have to learn how to work with technology. All the jobs are becoming digitalized, so people do need to learn according to how the market is changing and move into that environment. just like Haris mentioned. these are some good ways in which we can meet consumers' needs faster and better.
Like Haris' comment, I agree that people are going to have to learn new skills if they want to keep jobs. During Coronavirus, many employers realized that their employees can do all of their work from home which will in turn, I believe close down big corporations where people sat in cubicles all day and keep their employees at home. I believe this will also cause job cuts because since these people are working for home they have more time on their hands and can take on smaller tasks, eliminating jobs all around. Another point is that some employees were making more on unemployment than at their jobs itself, I believe that some people didn't want to go back to work when the time came because well why would they? If unemployment is still given out at such a high rate this will also slow job growth because people won't want to work.
I agree. Its interesting to hear all your opinions because they are very similar to what Darrell West talks about in his book "The Future of Work: Robots, AI, and Automation." He talks about the idea of life long learning, like Harris mentioned, so that the workforce can adapt to new jobs. He also talks about the role of the government, like Jahanzaib mentioned, in helping adapt to an economy that is very automate. Probably the most interesting part of his book is the idea of rethinking the way jobs work and social norms. He talks about people working fewer hours throughout the week and dedicating more time to volunteering.
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