keys to your future employment trends in the new millennium
TRANSCRIPT
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Keys to Your Keys to Your FutureFuture
Employment Trends in the Employment Trends in the New MillenniumNew Millennium
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Approximately 50,562,000 job Approximately 50,562,000 job openings are projected to become openings are projected to become available during the 2000 – 2010 available during the 2000 – 2010
period.period.
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Most employment growth will Most employment growth will be in three industries.be in three industries.
Health servicesHealth services Retail salesRetail sales Business servicesBusiness services
This is a world where the sales of ideas and services has replaced the sale of
manufactured goods.
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Where are the jobs?Where are the jobs?
Professional20%
Skilled65%
Unskilled15%
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Education PaysEducation Pays
The trend is clearly toward The trend is clearly toward closer and closer closer and closer
relationships between relationships between education and employmenteducation and employment
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Earnings by Level of Earnings by Level of EducationEducation
Education LevelEducation Level Annual earningsAnnual earningsProfessionalProfessional $74,560$74,560
Master’sMaster’s $40,368$40,368
Bachelor’sBachelor’s $32,629$32,629
AssociateAssociate $24,398$24,398
Some college, no degreeSome college, no degree $19,666$19,666
High schoolHigh school $18,737$18,737
Not a high school graduateNot a high school graduate $12,809$12,809
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How much will it cost to live each year?
Poverty level for family of four = $16,895
Annual median earnings for a woman = $26,324
Annual median earnings for a man = $36,478
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What are my options?What are my options?
Four-Year College degree or higherFour-Year College degree or higher Community College (Certificate or Community College (Certificate or
Associate degreeAssociate degree Vocational/Technical trainingVocational/Technical training Military trainingMilitary training On the job training/ApprenticeshipsOn the job training/Apprenticeships
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Which occupation pays more?
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Median annual earningsMedian annual earnings
Registered Nurse $34,430 – $49,070Registered Nurse $34,430 – $49,070
Teacher, Elementary $39,300 averageTeacher, Elementary $39,300 average
Librarian $32,840 - $52,110Librarian $32,840 - $52,110
Truck Driver $18,304 - $32,385Truck Driver $18,304 - $32,385
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What is different about What is different about these occupations?these occupations?
LEVEL OF EDUCATIONLEVEL OF EDUCATION Roughly 1 in 3 of “high earners” do not Roughly 1 in 3 of “high earners” do not
have a Bachelor’s degree.have a Bachelor’s degree. Greater and greater difference between Greater and greater difference between
SKILLED and UNSKILLED workers, not SKILLED and UNSKILLED workers, not simply between college graduates and simply between college graduates and non-college graduatesnon-college graduates
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Job Trend SummaryJob Trend Summary
On average, employment will grow faster in On average, employment will grow faster in jobs that require the most education and jobs that require the most education and training.training.
By the year 2000, 86% of all jobs will require By the year 2000, 86% of all jobs will require some education beyond high school; some education beyond high school; however, more than 70% of the jobs will not however, more than 70% of the jobs will not require a bachelor’s degreerequire a bachelor’s degree
Today’s workplace requires advanced Today’s workplace requires advanced technical skills.technical skills.
Handout