A Closer Look

The Fastest-Growing Jobs in the US / A Closer Look

Hospital rooms, shopping floors, and fast-food counters: This is where the future of U.S. employment lives. We think.

The latest ten-year projection from the Bureau of Labor Statistics finds that just a handful of occupations—personal care aides, registered nurses, nursing assistants, and home health aides (all in health care), along with retail salespeople and food-prep workers—will account for one-in-six new jobs in the next decade.

Capture d’écran 2014-01-28 à 12.48.43

But there are two catches. Here’s the first. Healthcare spending is growing slower than the economy for the first time since 1997, and “nobody knows why,” as Matt O’Brien reported for The Atlantic. And the slowdown in growth is affecting workers, too. Healthcare jobs apparently fell in December for the first time in at least 27 years. Fresh out of the oven, BLS’s healthcare employment projections might already be deflating.

Here’s the second catch. A new paper by Carl Benedikt Frey and Michael A. Osborne calculated the odds of “computerization” for the 600+ jobs that the BLS tracks. They range from 96% automatable (office secretaries) to 0.9% (registered nurses). Here are the ten fastest-growing jobs and the odds that robots and software eat them:

1) Personal care aides: 74%

2) Registered nurses: 0.9%

3) Retail salespersons: 92%

4) Combined food prep & serving workers: 92%

5) Home health aides: 39%

6) Physician assistant: 9%

7) Secretaries and admin assistants: 96%

8) Customer service representatives: 55%

9) Janitors and cleaners: 66%

10) Construction workers: 71%

These ten occupations account for 3.85 million projected jobs in the next ten years, or 25 percent of the decade’s projected job haul. And six of them are at least two-thirds automatable, based on researchers’ projections of current computing power. For example, secretaries and administrative assistants are already being complemented or replaced by simple office organization software, and Walmart and Amazon pose a mortal threat to many classic retail jobs, even before you account for Kiva robots patrolling warehouse floors around the country.

Chosen excerpts by Job Market Monitor. Read the whole story at 

 The Atlantic

via The Fastest-Growing Jobs of This Decade (and the Robots That Will Steal Them) – Derek Thompson – The Atlantic.

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Discussion

3 thoughts on “The Fastest-Growing Jobs in the US / A Closer Look

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    Posted by FinancialHQMedia | March 4, 2014, 2:56 am

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