Technology and globalization have changed the way we work today, creating new opportunities for workers in certain fields and reducing or eliminating entire careers in others as more and more jobs become automated or outsourced.
A report by the Oxford Martin School’s Programm on the Impacts of Future Technology indicates that 45% of jobs in the US will be lost to technology within the next two decades. This statistic makes it crucial for people starting out in their careers or those considering switching to a different profession to ensure that they prepare adequately in order to avoid this eventuality.
The following are a few careers that are likely to experience consistent growth over the next few years as well as a few dying ones to avoid if you wish to remain gainfully employed in the coming decades:
1. Information Technology
Like it or not, our world is becoming increasingly computer operated. From storing sensitive financial information, launching missiles, to designing cars and surgical equipment, computers play an extremely important role in today’s world. This means that Computer programmers, systems analysts, app developers and many others who ensure that these computer systems run efficiently continue to be in great demand. Job openings in this profession are expected to grow by 23% over the next decade and the average salary for a systems analyst is $80,059 annually.
2. Healthcare jobs
The population of baby boomers (people born between 1946 and 1964) is expected to increase by 73% by 2020. Combined with advancing technology and an increased emphasis on preventive care, this means that the demand for healthcare professionals such as registered nurses, doctors, medical technicians and others will continue to grow with 4 million new positions expected to be created by 2018.
3. Business careers
Increasing competition both online and in the physical realm mean that businesses are increasingly looking for experts who can manage company finances, communicate effectively with customers, create new products and direct other business processes efficiently so that the organization makes a profit and remains in operation for a long time to come. Salaries range from $40,000 annually for entry level positions, up to millions of dollars for top level management executives such as COO’s, CFOs and CEOs.
Careers that are not hot
The following are a few careers that are likely to be in low demand or become completely eliminated in the next few years:
1. Travel Agents
Once considered one of the glamour professions, travel agent jobs have all but been obliterated by the advent of the internet. Jobs in this area are expected to experience negative growth of -11.6% with average salaries of less than $40,000 annually.
2. Couriers and Mail carriers
The internet and email have basically rendered these two positions obsolete and 18% of these jobs are likely to be lost by 2024.
3. Factory machine operators
Automation and outsourcing have led to a great decline in machine operation positions for sewing, metal, plastic molding and other similar jobs. The market for these jobs is expected to shrink by up to 30.5% in 2024 with average salaries of less than $25,000 annually.
Technology will continue to create new jobs for millions of people globally. Unfortunately, this will also mean that many others without the necessary skills to take advantages of hot careers will be left out of the market.
However, with proper training and by seeking out job positions that will add to your skills and experience, you can stay in demand in the market, and keep employed for as long as you need to.
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