The future of work- Sarah Laskin
Graphs chosen:
1.Many Americans in lower-growth cities are not migrating to higher-growth cities
2. Displacement growth and net job growth can be highly uneven across the United States.
3.some of the jobs with the highest displacement potential have skewed demographic concentrations
From these graphs, it is obvious America’s future in terms of our workforce is going to be a lot different that it currently is, especially in terms of city demographics and what kinda o jobs people are having. The data shows the displacement of one’s job and its growth isn’t consistent. What does this mean?
Well, for starters this means even if a job is growing rapidly there could still be many people losing their positions for a variety of reasons. This shows our workforce is unpredictable- if one works hard and their job is growing and needs more workers constantly, they would only have reason to be fired if they are lacking in their work output. Considering the newest generation to our workforce (millennials) are known to be selfish and lazy, this is not surprising but still scary.
The effects from these skewed jobs is slowly seeping into our society- I mean, our economy already fluctuates so much and this just adds to it. From a city perspective, if one area of business is really big and then quickly goes downhill, it loses revenue and population, because people move to where the jobs are. For example, if Houston lost the Texas Children’s hospital, this would be really bad for Houston’s economy because TTH brings in so many new workers, revenue, and technology every year.
The fact that Americans are not going to higher growing cities is good for the lower-growth cities. This is because if they all left for a higher-growing city, there would be even more of a gap between “rich” and “poor” cities. Also, the higher-growth cities would just continue to climb, and therefore begin to not be able to support its residents. (not enough space for the new population influx).
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