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Baby boomers influence job growth March 21, 2007

Posted by Meg in outsourcing, sustainable development, Workplaces.
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Throughout the past fifty years, baby boomers have influenced culture, politics, and the economy.  Now,  as this generation heads into retirement, it is apparent, more than ever, that they’ll be influencing the career paths those of the next generation (those born in the late 70s, 80s, and early 90s) choose to pursue.  In particular, health care professions are expected to have a 30% growth rate between 2004 and 2014.  Doctors and nurses are excluded from this category because of the education requirement.  Rather, positions such as medical and dental assistants, those of the lower-wage, lower-skilled category are expected to rise dramatically.  Other career paths expected to grow substantially are positions in the field of technology such as software engineers as well as those in education including college professors, the reason being that an emphasis on higher education has become more prevalent during the late twentieth century.

Several of these jobs, particularly those described above in the health care profession, seem to not only cater to the influence and needs of the baby boomer generation, but they also appear to bridge the salary gap existing between those with a bachelor’s degree and those with simply a high school diploma.  Obviously, a college professor needs an advanced degree as well as many software engineers.  More and more, however, blue-collar careers are also requiring education at least somewhat beyond high school.

As outsourcing continues to become a dominant strategy for many firms, an increase in jobs requiring at least a certain amount of post-high school education is relieving in my opinion.  It is a shame to see dedicated workers lose their jobs to those who can complete the same task for a lower wage.  A growth in professions though that can cater to these workers will hopefully stimulate the economy and promote a more educated U.S. citizen with a greater confidence in job security.

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Comments»

1. Kira - March 21, 2007

Over the weekend I read an article that discussed how there will be a large about of jobs becoming available for our generation as the baby boomers look to retire. With eventual job openings and a good education (such as ours), I feel more confident about starting my job search next year. I think that a more educated country would be extremely beneficial to both business and society. With higher educated top executives and employees, I think businesses will be able to improve on their structures and strategies that will lead to business practices that are beneficial to society as a whole.

2. Janine - March 21, 2007

It has always been so interesting to me how the job search has been more specific and demanding. Being out in the workforce for the past 3 years has definitely made me more aware of it. Interestingly, most professional jobs require one to have a masters degree. It seems there are fewer and fewer jobs that accept just a Bachelor’s. Yet, with today’s Generation Y, that is all of us born in the 70s,80s and early 90s, going on to get a Master’s is becoming more and more popular and common. I think that while the retirement of these Baby Boomers will in fact open some jobs, many will be difficult to attain as the level of education and requirements are more demanding.

3. Brian Mulligan - April 1, 2007

I agree with Janine. Most of the people that I interviewed with for summer finance internships all held MBA’s or masters in other fields. I seems almost necessary in finance to hold a MBA. I know that the company’s also invest an incredible amount of money in the development of their employees and they sometimes pay for the employee’s higher education such as masters degree. In return, they require the employee to stay at the company for certain amount of time to get the benefit and return of the higher education that they paid for.

My boss last summer was finishing up her masters but she was required to stay at Wyeth Pharmacueticals for an additional 3 years.

4. Jordi - April 13, 2007

I am glad you brought demographics into this blog. The baby boomers are a huge force and it is easy ot overlook them.

The rise of credentialing and professionalization is also an importnat trend. Does it protect and advance wages for workers as much as unions did? Will new professional associations weigh in on policy debates like the AMA and the bar associations do?

5. Greg - April 16, 2007

True………….That……….Canada rocks Thanks to baby boomers


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