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Labour Force In The United States

Decent Essays

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

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