If you’re seeking out for a new job or even a veteran in your industry it’s time reassess your career. The reason for this that the American dream which promised that hard work opportunity will lead you to enjoy a better life is slowly ending. According to science.org while 90% of people born in the 1940s achieved higher wages and standard of living than their parents, only 50% of millennials born in the 1980s experienced the same. Today the situation is such that no matter how hard you work you will not you will not be able to have the life or the wealth your parents enjoyed because there’s just not enough wealth going around.
But surely, US has prospered over the years and is still the richest country in the world. So you may wonder who are the beneficiaries of this? The short answer is the few high profile, high performing executives who’re of “high value” to companies. Between 1978 and 2020 wages of these executives have risen by 1,322% while in the same period the average employee wage has grown by only 18%. The middle class on the backs of whom America stood is now breaking.
Although companies are attempting to bring in flatter organizations there isn’t enough time for these structural changes to take place. Employees must take it upon themselves to act before they’re completely dispensable to organizations. They need to look around for the latest trends and formulate their strategy based on their assessment of where the future of work is heading.
The BLS has put together a report of the lists of the fastest-growing jobs and careers along with how much they pay. Let’s look at the list and see what we can draw from this compelling read:
- Wind turbine service technicians: $56,230
- Nurse practitioners: $111,680
- Solar photovoltaic installers: $46,470
- Statisticians: $92,270
- Physical therapist assistants: $59,770
- Information security analysts: $103,590
- Home health and personal care aides: $27,080
- Medical and health services managers: $104,280
- Data scientists and mathematical science occupations, all other: $98,230
- Physician assistants: $115,390
- Epidemiologists: $74,560
- Logisticians: $76,270
- Speech-language pathologists: $80,480
- Animal trainers: $31,520
- Computer numerically controlled tool programmers: $57,740
- Genetic counselors: $85,700
- Crematory operators and personal care and service workers, all other: $28,420
- Operations research analysts: $86,200
- Actuaries: $111,030
- Health specialties teachers, postsecondary: $99,090
- Forest fire inspectors and prevention specialists: $42,150
- Interpreters and translators: $52,330
- Athletic trainers: $49,860
- Respiratory therapists: $62,810
- Substance abuse, behavioral disorder, and mental health counselors: $47,660
- Food preparation and serving related workers, all other: $27,080
- Nursing instructors and teachers, postsecondary: $75,470
- Woodworkers, all other: $33,630
- Phlebotomists: $36,320
- Software developers and software quality assurance analysts and testers: $110,140
From a quick over view of this report here are the sectors that hold bright prospects for the future: leisure and hospitality, healthcare and social assistance sector, Technological (hence Computer and mathematical occupations, statisticians, information security analysts and data scientists) and environmentally friendly initiatives.
Today the situation is such that no matter how hard you work you will not you will not be able to have the life or the wealth your parents enjoyed because there’s just not enough wealth going around.
One important point that needs to be highlighted in this report also is that employment in US is predicted to grow “153.5 million to 165.4 million over the 2020–30 decade, an increase of 11.9 million jobs.” So there isn’t going to be job starvation but who will be prepared to take up these jobs is the question still to be answered.