Here are some of the trends I am following that will impact new potential employment in 2016.
Senior Sensation- Healthcare +
Today, one in three Americans is now 50 or older. By 2030 one out of every five people in the U.S. will be 65-plus. One out of every eight Americans is considered “old” and represent 12.9% of the U.S. population.
- Living spaces- As the population lives longer they will need space to live that offers more services. Living arrangements such as retirement communities, (aging in place at home retirement), and assisted living create employment opportunities. According to National Real Estate Investor, the demand for senior housing is at an all-time high and the average occupancy rate for senior housing properties in the United States was 90.3 percent higher than previous years and this rate is expected to grow.
- Wellness -Physical therapists (PTs) according to APTA , the American Physical Therapy Association, join registered nurses and home health aides with a potential employment gap of about 33,000 in 2016. Forbes cites retiring Baby Boomers and their related needs for creating this demand for more health workers.
- + Services – seniors have more time and they use it to enjoy a variety of hobbies and activities. Travel and pet ownership are two activities that are driving market spending and potential employment opportunities.
- Travel- According to AARP boomers love to travel, and retirement will give them greater flexibility to hit the road providing growth opportunities for many in the travel industry. AARP estimates that the market of retirement travelers will grow by 36% over the next ten years, meaning 8 million more retired domestic travelers and nearly 4 million more retired foreign travelers. In addition, AARP notes retired travelers spend 12% more than employed travelers on domestic vacations and 23% more on foreign vacations.
- Pet ownership- According to Packaged facts, Baby Boomers have broken the historical pattern of slacking off in pet ownership as they increase in age. Rather, the site notes that boomers have superimposed their proclivities toward health/wellness and self-pampering onto their pets. In addition the research site notes, Boomers are rapidly aging into the senior bracket (the oldest Boomers turn 69 in 2015) thus increasing pet services and ownership in the senior years. Packaged facts expects the aging Boomer to help drive the pet market growth for many years to come.
Security-Security is a Safe Bet
You are not safe anymore and this includes your identity, home, transportation systems, financial data, schools, workplace and public events. Security is top of mind and in the news every day. Sadly this opens up job and career opportunities in a number of areas that address security.
Here are three areas of potential growth and job creation in the security sector:
- Terrorism – Recent headlines include terrorist attacks or threats in Sweden, Russia, Paris, on US airlines and at the White house. No one feels safe anymore. According to the Guardian global terrorist attacks increased 43% since 2013 and this number will likely increase.
- Physical security and protection - The U.S. market for security guard and patrol services will increase 2 percent annually to $24.5 billion in 2016,” reports industry research group The Freedonia Group. “Through 2016, the number of guards employed by private security firms is projected to rise 2.8 percent annually to 655,000.”
According to Jobs.aol.com there are a number of new counterterrorism jobs emerging such as undercover agents, forensic data analysts, cryptographers, bomb detection, nuclear experts, and biological and chemical weapons specialists. In addition, multiple types of jobs will be accessible for those with minimal to advanced education. The job opportunities will be in numerous sectors (water, gas, retail, education, government) and newer jobs will be created as the technology advances.
- Cyber Security - Large wide scaled Hacking startled the US according to a NY Times article. Hacked firms have included Sony Pictures, Staples, Primera Blue Cross, Anthem, Home Depot, JP Morgan, Target, Michael’s store. According to a WSJ blog, the demand for Cyber security jobs is soaring. The BLS Bureau of Labor Statistics predicts cyber security expert jobs will grow 12 X faster than the overall job market. As firms continue to be targets for hackers this will create jobs for people who can combat botnets, practice ethical hacking, and train security specialists. According to the Bureau of Labor Statistics, employment of information security analysts is projected to grow 37 percent from 2012 to 2022.
- Artificial Intelligence, as defined by Merriam Webster dictionary, is an area of computer science that deals with giving machines the ability to appear to have human intelligence. They are often referred to as smart machines. BBC Research says the global market for smart machines will increase 20% per year. According to a job listing in LinkedIn jobs created by this field include software, consulting, marketing and audit. Many jobs were listed as intern opportunities.
- Immersive technologies- Webopedia defines Augmented Virtual Reality as duplicating the world’s environment in a computer. Virtual reality presents the environment to the user to look and feel like a real environment using special gloves, googles or earphones. Tele-immersion enables users in different geographies to come together and interact in a simulated environment.
According to Techcrunch.com augmented and virtual reality jobs are expected to be a $150 Billion market by 2020. Jobs examples open today at marxentlabs.com include 3D artists, analysts, sales, marketing, social media, content development, developers and engineers.
- Drones take off- According to the Association for Unmanned Vehicle Systems International (AUVSI) the drone market will grow to $82.1 billion creating more than 100,000 jobs across the US over the next ten years. In the US the first business park has opened in North Dakota devoted solely to drone development. Growth factors include more light weight drones, drones that area easier to operate, GPS features that will assist in package delivery, and improves cameras, batteries and remote controls.
Blue Collar/Skilled Workers
By 2017, an estimated 2.5 million new middle-skill jobs are expected to be added to the workforce accounting for nearly 40% of all job growth, according to a USA TODAY analysis of local data from Economic Modeling Specialists Intl. and CareerBuilder.
An article in MPRnews.com says economists advise Millennials to look to the trades for jobs; plumbers, carpenters, electricians, heating, ventilation or air conditioning installers, and repair people are in demand. The unemployment rate is nearly twice as high for Americans with a high school diploma as for those with a four-year college degree or more.
- Transportation- Torg claims the trucking industry was short 38,000 drivers in 2014. They predict this will increase to 48,000 by the end of 2015 and balloon to almost 175,000 by 2024.
- Highest paid jobs (most ranging 50K+ a year or up to $25.00 per hour) according to com include: Electric, refinery, subway, street car operators, commercial divers, oil and gas, boilers and furnaces, aircraft mechanics, signal and train track repairs, locomotive engineers, electricians, telecommunications.
- If you are inspired by the popular show “Blue Collar Millionaires” about entrepreneurial people who make millions by developing blue collar businesses, there are plenty of opportunities to make large sums of money without a college degree.
Be Your Own Boss
- Microprenuers - Investor dictionary.com defines microprenuer as an entrepreneur willing to accept the risk of starting and managing the type of business that remains small, lets them do the kind of work they like to do and offers a balanced lifestyle. On Demand jobs such as Uber project to create a million jobs in a year. Airbnb projects it will grow to be $10B by 2020. Etsy generates 60-65 Million in revenues per quarter.
- Franchising: Franchise businesses are growing at a rate faster than any other sector of the economy according to com, and they’re creating jobs at a faster clip, too. IFA, International Franchising Association expects 12,111 new franchises to open, adding 247,000 jobs, generating $889 billion in business growth at a rate of 5.1% that year. Entreprenuers.com provides annually comprehensive lists of franchises by revenues, startup costs, and types.
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