There are many forces that are causing a restructure of the U.S. labor force, an example being the variation in birthrates by decade. “Birthrates were low in the 1920s and 1930s, rose quickly in the late 1940s on into the 1960s, with a steady rate from the 1970s through the 1990s.” (Lerman and Schmidt) Another example of a restructuring force is the continuation of immigration which has, and will continue to, cause the population of the country to grow. An economic prediction suggests that the Hispanic and Asian portions of the country’s population will reach 19% in 2020, up from 14% in 1995. One last example would be incentives. “Higher returns to education may have encouraged more people into (or back into) school: 10% of the workers who …show more content…
Workers under the age of 25 and over the age of 45 are expected to increase. The youth labor force, made up of 16- to 24-year-olds, is expected to be steady with the total labor force with an anticipated 15% rise within the next 10 years. Most of the growth within the labor market comes from 25- to 54-year-olds, also known as prime-age workers. “38 million prime-age workers and 1.7 million workers over the age of 54 joined the labor force, while reductions in the youth labor …show more content…
I do believe that the changing labor force has a major impact on those prime-age workers beginning to start their careers. As mentioned previously, about half of the people entering the work force within the next decade are people over the age of 55. They would be more likely to receive the job, in my opinion, due to education and a higher level of experience. USA Today supports that in saying that a college degree is no longer enough. “There is a substantial skill gap between students' self-assessed readiness when entering the workforce and the skills employers actually want.” (Dostis) This puts a strain on the new college graduates attempting to find a long-term job. At this point in time, graduates are having to prepare long before graduation in order to hopefully have landed a job in time for graduation. It is difficult to have the experience, a degree, and be lucky enough to find a job opening that you are qualified
The first significant workforce composition is immigration, in the 1990s wave of immigrant workers was by far the largest in the past three decades, and contributed a larger share of the growth in the nation's labor force than at any other time since the end of World War II. Immigrants also accounted for all the growth among workers fewer than 35, which explained the drop in U.S. birthrates in the 1970s and the resulting dip in the U.S. born population in that young age group. But even among those ages 35 to 44, the youngest baby boomers, and new immigrants supplied a third of the growth in
Economic factors will play a role in baby boomers working beyond the age of 50. Due
In the article, “Blue-Collar Boomers Take Work Ethic to College” from Writing Now, author Libby Sander talks about workers in the baby boomer generation that are attending college to get new skills for the new jobs they hope to land. Sander says that middle aged people coming back to college is becoming more common as they become unable to do physical demanding jobs but are too young to retire (Sander 642).
Baby Boomers constructed America in the 1960s, and soon the Millennials will get their chance. Baby boomers are currently the largest generation of active workers. Research has shown that boomers identify their strengths as organizational memory, optimism, and their willingness to work long hours. Many earned, many still earn high incomes. The millennial generation, born between 1980 and 2000, are starting to enter businesses in large numbers. However, they do not have the same views and values when working compared to the Boomers. This Boomers grew up in organizations with large corporate hierarchies, and Millennials grew up with management structures and teamwork based job roles. By 2025, millennials will make up the 75% of the workforce replacing the Boomer generation. But, are they ready for the workforce and is the workforce ready for them? I think they would be ready if businesses are able to change and adapt towards them.
Libby Sanders author of “Blue-Collar Boomers Take Work Ethic to College,” talks about people of the baby boomer times (1946-1965) returning to college. The exhaustion of physical labor throughout the years are now beginning to take effect, leading them to return back to school where they can then pursue either a new career path that is less labor intense or gain more skills in keep their current jobs. Sanders addresses a couple arguments in her reading. First being community colleges making the proper changes in order to accommodate and make colleges more accessible for people of greater age. With changing career paths at a later age has people feeling the need to continue working through what would of been there years of retirement.
This inability for people without a college degree to get ahead means they will have to work more just to stay even as shown in “Why Millennials are Behind”, spending less time with their families or doing other things they like.
I believe it is harder for youth in America to find work because of the thirty to fourty years olds are filling the less meaningful jobs like fast food or gerocery stores as a permanent job. This is no allowing the younger generation to work these jobs while in hogh school or even college. also believe that a large percentage of todays youth lack a strong work ethic and and want something for free. “Millennials are the worst generation. They’re lazy, unmotivated, disconnected and they want a trophy for every little thing they do.” Labor Force Participation Rate is defiend as “the percentage of the population that is either employed or unemployed that is, either working or actively seeking work. People with jobs are employed or People who are jobless, looking for a job, and available for work are unemployed. The labor force is made up of the employed and the unemployed. People who are neither employed nor unemployed are not in the labor force.”
In his essay from The Journal of Youth and Adolescence, Arnett discusses various myths attributed to young adulthood while providing evidence to refute them. Three primary myths appearing throughout literature on emerging adults include a lower mental well-being, overall selfishness and a refusal to grow up. Several parallels exist between Arnett’s observations and my own experiences in emerging adulthood, providing further proof of the falsehood of such myths. Common myths claim emerging adults experience detriment in their overall well-being.
But at the same time, the country is itself has changed and will continue to change. Whereas there was one point in time in which the vast majority of jobs in the country provided blue-collar employment, around the middle of the 20th century this proclivity shifted to favor white collar workers (Sloane &Whitney 8). One of the most important contributing factors to the decline of union membership among blue-collar employees, then, is the simple fact that there are less of these employees at this point in time than there previously were during the heyday of labor unions. The large influx of white-collar jobs factors into this concept as well. These
Ensuring that the united states of america has a skilled workforce is a necessity in today's world. Without having a skilled workforce in the united states many other economies in the world could and/or would face ramifications.the united states plays a very big role in today's worldwide economies as a whole. If the united states did not have a skilled workforce, the united states would face some pretty serious repercussions. Some of the the effects of a non-skilled workforce is that the jobs that need people that are skilled at that profession to get the job done won't have people to do those jobs. Those jobs would be going away because without people trained to do the job then what is the point of even having that career. Like an automotive
On further observation of the genogram, there is a level of education that appears to be moving in the right direction that goes beyond a high school diploma and has a direct correlation of the occupations that the people are finding themselves. As for my mother’s generation, her brothers and sisters all graduated from high school and that is where their education stops. Furthermore, the jobs that they have had or continue to be employed at tend, to be honest, nine to five work. For example, all of my uncles work in the automotive industry. They range from mechanics to paint jobs, between my uncles they have the ability to restore a running vehicle to car show worthiness. My aunts have worked in mainly customer service jobs and retail.
Aging! We all do it every day, but have you ever thought how it is going to affect the rest of your life or more importantly your career? Aging isn’t something that we get to choose if we participate in, however working is, and aging may affect that choice. Right now, I want you to think about the age of sixty-five. What words pop into your head when you think of someone sixty-five? I’d imagine some of the words you thought of were retired, old, fragile, slow, as well as many others. Those words right there all help to explain the many concerns that one’s employer may have when hiring someone that is of the older population. When we think of the older population in the work force we don’t necessarily think of positive things, instead we think of things. When we think of this population in the workforce we generally think of lower production rates and higher costs. These can create issues among the older population, as employers must consider all the possibilities when hiring someone. We know that more people in the older population are continuing to try to continue their careers, but why? How hard is it for them to continue? What changes have made it easier? How are the younger and middle aged populations perceiving them in the work place? This are only some of the many question surrounding the increase of aged workers.
The current labor force market in the United Kingdom was last reported to be in good standing. Between April to June of 2017 and July to September of 2017, the number of people in work fell slightly along with the number of unemployed people. There were 32.06 million people in work, which is 14,000 fewer than for April to June 2017. The employment rate was 75.0% and the unemployment rate was 4.3%, which is less than the 4.8% rate announced earlier in the year. The labor force participation rate decreased to 78.4% in August of 2017 from 78.6% in July 2017. The current UK unemployment rate is the lowest rate reported since 1975. Average weekly earnings for employees in Great Britain increased by 2.2% in nominal terms, while the average
"Tomorrow's Jobs" by the Bureau of Labor Statistics, U.S. of Labor gives us a complete view point on how the job market is effected by the population, the industry, and education and training. As stated in the article "Continued growth will mean more consumers of goods and services, spurring demand for workers in a wide range of occupations and industries" (page 109). The jobs that are advancing in their fields of study include: healthcare and social assistance, professional and business serves, and financial activities. The employment for health care is expected to grow due to an aging population and longer life expectancies, adding 4 million new jobs to the economy. The professional and business fields add 28% contributing about 4 million jobs as well and are expected to raise because of the growing industries in the U.S. Financial activities. How does education play an important part? "Among the twenty fasted growing occupations, a bachelor's or associate degree is the most significant source of postsecondary education and training for 12 of them…"(page 117). According to the chart in "Tomorrow’s Jobs" people who don't have a high school diploma only make eighteen
The world is more youthful than ever. The number of people between 10 and 24 years old has never been greater, according to the United Nations (Department of Economic and Social Affairs, 2014) accounting for slightly less than 1.8 billion in a world population of 7.3 billion. Most of them are concentrated in developing countries and this large generation of young people is preparing to move into adulthood in an increasingly unequal and competitive world.