December 14, 2020
The American job market is totally different from what it was twenty years ago, and it will continue to change by leaps and bounds. Thanks to the ever-changing economic features and the wave of technology that has swept through the country in recent years, many jobs are likely to disappear as we know them, but many others will also be created, affecting the entire population (McKinsey, 2019).
Automation will not affect everyone in the same way. Workers with a high school degree are four times more likely to be replaced by automation than someone with a bachelor’s degree. Indicating that access to education affects the type of jobs for each segment (McKinsey, 2019). But in perspective, it can be said that the future of work is not only about how many jobs are created and how many are lost. The very concept of work is also changing along with the economy, and therefore different skills are needed to continue to exist. It's a great opportunity to upgrade jobs.
In research done by McKinsey (2019), they saw that to see how jobs and the economy are separated within the country, it was necessary to separate counties and cities by population and growth. The correlation found between the different archetypes they created is quite significant when it comes to segregating the domestic economy.
Within the divisions, we have the following archetypes:
After the Great Recession, it can be said that it has been a story of two different US The 25 largest cities in the country - the urban chorus - have accounted for 2/3 of job creation in the US. While the smaller cities - the two lowest archetypes - have had virtually no significant growth in the last decade (McKinsey, 2019). This has triggered many families to move to these larger cities, especially the ones belonging to the middle class in their pursuit of better work opportunities and living conditions.
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Bughin, J. Q. Jacques, Manyika, J. M. James, & Woetzel, J. W. Jonathan. (2019, July). The future of work in America. Retrieved January 13, 2020, from https://www.mckinsey.com/featured-insights/future-of-work/the-future-of-work-in-america-people-and-places-today-and-tomorrow
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