Posted on 07/23/2021 6:59:26 PM PDT by SeekAndFind
With low labor-force participation, declining immigration levels, and the looming retirement of baby boomers on the horizon, the U.S. labor market is tightening and driving up wages. Over the next decade, the country will experience a labor shortage that will disproportionately affect some industries and professions, predicts an April 2016 report from The Conference Board.
“We may see policy or other changes over the next 10 years that could influence us greatly,” says Phil Noftsinger, CPA, the creator of the CBIZ Small Business Employment Index (SBEI), which has tracked small companies’ hiring trends since 2009. He cites pushback on free trade that might increase domestic manufacturing jobs or the rate at which automation will change demand for jobs in clerical and accounting sectors, for example.
Which sectors are most at risk for labor shortages? They’re not necessarily the fastest-growing sectors, but those where entrants into the field are not keeping up with demand. Fields like computer sciences aren’t at risk, The Conference Board report finds, but a few, more traditional sectors are. While not a comprehensive list, five key areas are predicted to be among the hardest hit over the next decade.
For example, as welders’ tools become more sophisticated and effective, using automation to create better results, the focus on the individual’s expertise may shift to understanding the chemistry of the compounds that are being welded to further improve the process, he says. “That’s a very different skill set, even though it would still be skilled trade workers,” he adds.
I encourage every kid with a high IQ to endeavor to be a CCIE.
$250k everywhere/anywhere and no college degree or debt.
Or commercial electrician...$150k everywhere. Again no degree or debt.
Smarts is all they need.
RE: I encourage every kid with a high IQ to endeavor to be a CCIE.
For those who don’t know what a CCIE is.... Cisco Certified Internetwork Expert, or CCIE, is a technical certification offered by Cisco Systems.
The Cisco Certified Internetwork Expert and Cisco Certified Design Expert certifications were established to assist the industry in distinguishing the top echelon of internetworking experts worldwide and to assess expert-level infrastructure network design skills worldwide.
These certifications are generally accepted worldwide as the most prestigious networking certifications in the industry. The CCIE community has established a reputation of leading the networking industry in deep technical networking knowledge and are deployed into the most technically challenging network assignments.
The program is currently divided into six different areas of expertise or “tracks”.
One may choose to pursue multiple CCIE tracks in several different categories of Cisco technology: Routing & Switching, Service Provider, Security, Collaboration, Data Center, and Wireless.
And using 6 year old data to forecast manufacturing demand.
SeekAndFind: What’s the significance of this? Would it be better if it were written today?
Yes, generally speaking, article making predictions - especially about the future (Y. Berra) - have a shelf-life and become obsolete after a few years.
After all: Would you want to read an article entitled "These are the best stocks to buy this year!" written in 2006?
Regards,
"predicts an April 2016 report"
At least it is posted under General/Chat
And it does not mention spies. Article just below this one on FR: Los Angeles Electrical Engineer Gets Five Years in Prison for Selling Missile Technology to China
Go through the pain of a CCIE to be low-balled by all of India? No thanks.
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