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December 2, 2014
The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014
Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology
John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain
The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious
April 14, 2014
Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time
Eric Schulzke: First degree: How America really recovered from a murder epidemic
Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships
Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin
Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate
Justin Caba: Eating Watermelon Can Help Control High Blood Pressure
April 11, 2014
Rabbi Hillel Goldberg: Silence is much more than golden
Susan Swann: How to value a child for who he is, not just what he does
Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer
Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You
April 9, 2014
Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?
Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau
Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau
Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease
April 8, 2014
Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease
Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear
April 4, 2014
Amy Peterson: A life of love: How to build lasting relationships with your children
John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet
John Ericson: Why 50 million Americans will still have spring allergies after taking meds
Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves
April 2, 2014
Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?
Frank Clayton: Get happy: 20 scientifically proven happiness activities
Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene
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Jewish World Review
What Will Be the Jobs of Tomorrow?
By
Jerome Idaszak
(Jerome Idaszak is Associate Editor of The Kiplinger Letter)
About 85% of new jobs created by the end of this decade will be in one of six sectors, according to a report by McKinsey Global Institute. And the greatest gains will be concentrated in service industries. Topping the list of high-growth sectors: business services, a broad category that includes everything from accounting and auditing to temporary help agencies and building security services.
Next in line: Health care. By 2020, health care will account for about a fifth of the U.S. economy (it's 18% now). Count on the U.S.'s aging population and increased desire for and access to health care to spawn millions of new jobs -- from home health and nursing aides to laboratory technicians to nurses, surgeons and everything in between.
Not far behind health care: The hospitality and leisure industries, which will seek food preparers and servers, bartenders, amusement park workers, fitness instructors, tennis and golf pros, maids, and hotel workers of all stripes. The construction sector -- employing carpenters, bricklayers, drywallers, electricians, roofers, landscapers, earth-moving equipment operators, road pavers and so on -- and retail, with a growing need for cashiers, clerks and the like, round out the top five.
Finally, we expect manufacturing, both old-line and high-tech, to generate up to 400,000 new jobs as well, particularly those in high demand such as machinists, welders and assembly workers, though all will need computer skills not required in previous generations.
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If the good news is that job growth will return, the bad news is that a majority of new jobs will be lower-wage, paying at least 15% below the average for all workers. That'll put a damper on economic growth, holding down median household income and gains in consumer spending, vital because consumers account for 70% of economic activity.
But not all new jobs will be at the lower end of the pay scale. Mark Zandi, chief economist with Moody's Analytics, points out that although jobs in services dominate, it's a mistake to think that they all pay a lesser wage.
He says, "I expect solid job gains in service activities such as accounting, legal, advertising, management consulting, architectural and engineering services, computer software and even financial services." Add college teachers, nurses, sales representatives and truck drivers to the list of jobs with both growing demand and above-average compensation.
Plus there will be unpredictable winners -- jobs that don't even exist now. As Nicole Smith, senior economist with the Center on Education and the Workforce at Georgetown University, says, "Five years ago, we didn't have apps (for smart phones, iPads and the like). Now there's a whole industry creating them."
College graduates, of course, stand the best prospects for landing a good job, and those with degrees in science, math, engineering, technology and health sciences stand the best chance, especially if they have a smattering of economics or business training, too.
Some of the most lucrative specialties: Petroleum engineering, pharmaceutical sciences and, of course, computer science. College grads will also maintain an edge over workers who end their schooling after grade 12, earning $1 million more, on average, over their lifetimes.
But increasingly, a sheepskin isn't the ticket to a good job that it used to be. With unemployment high, employers are often able to land college grads for positions that used to go to those with just a high school diploma -- and for the same money.
Of 9 million young people who earned degrees between 2006 and 2011, 2 million say that their jobs don't require higher education. What's more, trained nongrads with good skills can count on good demand for their services -- folks such as plumbers, electricians and HVAC mechanics. Also X-ray technicians, dental hygienists and aircraft mechanics. In fact, about one-quarter of licensed skilled workers earn a bigger income than the average college grad does.
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All contents copyright 2012 The Kiplinger Washington Editors, Inc. Distributed by Tribune Media Services. All rights reserved.
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