With robots automating more and more jobs, let’s look at some employment trends to predict the state of the job market in the next five years. If you are about to choose a career or are thinking of changing your current one, this will help you make a better decision.
So, according to CareerBuilder, the U.S. will add more than 8 million jobs by 2023. However, the bad news is that high-wage and low-wage jobs are expected to have a growth of 5.71% and 5.69% respectively, while middle-wage jobs will only grow by 3.83%. So what are the occupations that are growing fastest in each wage category?
In the high-wage category, accounting will be one of the fastest-growing professions in the next five years. In the middle-wage category, the fastest-growing job will be delivery driving, with 50,000 new jobs expected.
However, if you are thinking of taking up a long-term career in either of those occupations, there are some problems. Researchers from Oxford say that accountants have a 95% chance of being replaced by automation in the next two decades. And delivery drivers risk to be replaced by self-driving cars. So even though these may be the fastest growing jobs in the next five years, they may not be the ones that last.
Technology innovation is moving at an incredibly fast rate and is redefining the skills needed for different occupations. To enjoy job security, workers across all professions need to continually update their skills.
- Predict – forecast; foresee; say or estimate that something will happen in the future
- Occupation – a job or profession
- Decade – a period of ten years
Questions for Discussion
- What other occupations run the risk of being automated?
- Do you think there will come a point when self-driving cars will completely replace human drivers?
- Which human qualities cannot be replaced by automation?