WORLDWIDE IN FUTURE OCCUPATION WHERE LABOR SHORTAGE WILL BE FELT LIKE HEALTH AND STEM OCCUPATIONS Future Occupational Labor Shortage Index introduced in the report identifies the industries most likely to face a scarcity of qualified talent over the next decade. The interaction of two factorsthe speed of employment growth and the net number of new job-market entrants (or departures)determines the level of risk for any particular occupation. Occupational data from the United States indicates that future labor shortages will cluster around three major categories of concern: Health-related occupations. The same aging of the U.S. population that will curtail working-age population growth to as low as 0.15 percent by 2030 is also driving up demand for medical workers. At the same time, high education and experience requirements limit entry into the job market. The result is a dearth in many healthcare professions, including occupational therapy assistants, physical therapists and therapist assistants, nurse practitioners and midwives, and dental hygienists. Among doctors, optometrists and podiatrists are the specialists most at risk of shortage, with the general physicians and surgeons category not far behind. Skilled labor occupations. These jobs typically require more than a high-school education, but not a bachelors degree. Unlike healthcare, the primary driver of shortages here is not increased demandemployment growth is expected to be low in the coming decadebut instead a rapidly shrinking supply of young people entering these fields as increasing numbers retire. Skilled labor occupations most at risk include water and wastewater treatment plant and system operators, crane and tower operators, transportation inspectors, and construction and building inspectors. STEM occupations. U.S. policymakers have long been concerned about shortages in science, technology, engineering, and mathematics, but many of these fields rank surprisingly average in a national context. Moderating the risk of shortages is the relatively high number of young entrants compared to baby-boomer retirees, as well as the large proportion of new immigrants in STEM jobs. Moreover, strong productivity growth means that output will continue to expand in areas like information technology, telecommunications, and high-tech manufacturing even as workforces in these jobs are expected to shrink. Nevertheless, certain STEM fieldsincluding mathematical science, information security, and civil, environmental, biomedical, and agricultural engineeringdo face significant shortages.
Posted on: Sun, 21 Sep 2014 02:20:51 +0000
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