The U.S. job market is expected to grow by about 7% over the next decade. At that rate, roughly 10 million more Americans will be employed by 2024.
However, these new jobs are not likely to be created evenly across all occupations and industries. The nation’s middle class has been shrinking at what some call an alarming rate, and even as the nation’s job market is expected to grow, demand for many mid- to low-skilled, primarily middle class positions is expected to rapidly decline. The Bureau of Labor Statistics (BLS) projects a loss of hundreds of thousands of such jobs in the coming years due to outsourcing and the development of new technology.
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1 comment:
Not surprising. And only 10M in a market where 94M are already unemployed and more college grads join the ranks ever May/December? Seriously have to think about that, folks. This economy has to have drastic changes occur before this situation improves. You won't get that with establishment candidates. All three of them.
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