A number of ‘experts’ say that the economy hasn’t got what it takes to create the 15 million new jobs needed to take the economy back to what is euphemistically called ‘full-employment’. They also say that millions of jobs lost since the ‘great recession’ reared its ugly head in December, 2017 are gone forever.
These experts say that many of those jobs will never return because they were sent overseas by crafty corporations that replaced high-cost, high-maintenance American workers with low-cost, no-maintenance foreign workers. They also say that many of those jobs were permanently lost by variable cost human beings to fixed-cost technologies.
Last but not least, they say that many more of those lost jobs evaporated forever because thousands upon thousands of businesses were forced to close as tight credit and ballooning unemployment killed demand for their products and services.
Okay.They have a case. After all, nothing they say is untrue. However, they seem to have forgotten that they’re talking about America where anything is possible.
Would these economists’ progenitors back in 1980 have been able to forecast the stunning effect the computer revolution would ultimately have on the number of jobs created in this country over three decades? Could anyone then have known that millions of never-even-dreamed-of-jobs would be created by innovators like Bill Gates, Michael Dell, Steve Wozniak and others?
No and so it is today. No one can predict with any degree of certainty how many jobs will be created in the next year, the next decade or ever because no one can look into the future to see what the next generation of innovators will create.
So, with hope in the future because of America’s innovative past, it is interesting to look into the future to see who will be hiring for what jobs, when and where.
Who will be hiring for what jobs
It’s important to remember that no matter what any economist may say, when they’re not watching television, more than 300 million Americans must be cleaned, clothed, cooled, entertained, fed, heated, housed, kept healthy and moved around.
It takes lots of people working at lots of jobs to supply the needs of that many men, women and children all day, every day. So, it isn’t surprising that the Bureau of Labor Statistics Occupational Handbook, 2020-11 Edition, forecasts the nearly 6 million new jobs (by title, estimated annual income and education/training required) will be created by the following businesses and industries, beginning in late 2020 and beyond:
- Accountants & auditors/$60,000/Bachelor’s degree
- Accounting, auditing & bookkeeping clerks/$33,000/Some college & on-the-job-training
- Administrative assistants & executive secretaries/$40,000/Some college & on-the-job-training
- Carpenters/$38,000/ On-the-job-training
- Computer applications & software engineers/$85,000/Bachelor’s degree
- Construction workers/$30,000/ On-the-job-training
- Customer service representatives/$30,000/On-the-job training
- Food preparation & serving workers/$16,000/On-the-job-training
- Home health care aides/$21,000/On-the-job-training
- K-12 teachers/$50,000/Bachelor’s degree
- Landscaping & grounds keeping workers/$24,000/ On-the-job-training
- Management analysts/$74,000/Bachelor’s degree/work experience
- Nursing aides/attendants & orderlies/$24,000/Vocational training
- Office clerks/$25,000/ On-the-job-training
- Personal & home care aides/$20,000/ On-the-job-training
- Receptionists & information clerks/$25,000/ On-the-job-training
- Registered nurses/$63,000/Associate degree
- Retail sales/$21,000/ On-the-job-training
- Truck drivers/$38,000/ On-the-job-training
- University professors/$60,000/Doctoral degree
When new jobs will be created
Some economists believe that these jobs, available beginning in late 2020, are just the tip of the iceberg; that due to pent-up demand, new technologies currently in development and the fact that there will be millions more Americans to feed, clothe and transport over the next four years, enough additional new jobs will be created to put just about every currently unemployed American back to work.
Where new jobs will be created
According to Forbes magazine (April 14, 2020 – “The Best Places for Business and Careers” by Kurt Badenhausen), Des Moines, Iowa is likely to be a hotbed for new jobs in financial services and insurance in 2020. Forbes also likes job prospects in Fort Collins, Colorado, Lincoln, Nebraska, Raleigh, North Carolina and Provo, Utah because the cost of living in those cities is relatively low and because current foreclosure and unemployment rates are below the national average.
For obvious reasons, most economists don’t expect areas with high foreclosure rates to experience any measureable job growth in the foreseeable future. Some of the harder-hit areas include Detroit, Las Vegas, Los Angeles, Miami, Modesto, Phoenix, Riverside-San Bernardino, San Diego and Stockton.
America, the most creative nation in history, can create full employment
When the ‘bad news economists’ predict that jobs lost in the ‘great recession’ will never be replaced, it is important to remember that this is America.
America has given birth to the greatest job creators in history, including citizens like Thomas Edison, Henry Ford, Walter Chrysler, Franklin Delano Roosevelt, Steve Jobs, the men already mentioned, many, many more not mentioned and even more we don’t yet know.
This is the one nation on earth where anyone, no matter their age or circumstance, can live out whatever vision of job success …