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2008 Workplace Predictions
It's that time of year again... so without further ado, here are my workplace predictions for 2008:
1) Upon graduation from college/university, the tail end of Gen "X" and the emerging Generation "Y" will begin to migrate overseas due to rapidly emerging global opportunities. In the short term, this will open more doors for the older workforce. As the years rush by, it is possible that these ex-pats will stay abroad for their lifetimes and they will be sending money home to their aging parents who have not saved enough for their own futures.
2) Evolutionary technologies and new terminologies will become a part of your daily life and vocabulary. Get ready. Study the start of wireless technology that will improve our thought processing. Rejoice as new medical breakthroughs begin to improve the aging process by extending the quality of your life.
3) Prepare as "tens of millions of American workers experience an element of job insecurity that has heretofore been reserved for manufacturing workers," according to the Vice Chair of the Board of Governors of the Federal Reserve System, Alan S. Blinder.
4) Workers over the age of 45 will account for 40% of our workforce in 2008. A few short years from now (2012), the march of time will find workers over the age of 55 approaching 20% of our workforce. As a result, organizations that have been dragging their feet in hiring older workers will change their ways BUT many mature workers will only be engaged to fill project needs and job insecurity will still rule. Get ready now.
5) Watch the advances in the robotic workforce with me. Read about Japan's efforts in this area. Future workers may collaborate with robots or be replaced by them. Advances may happen sooner than you think, and they may affect your chosen career in a very few years.
For a look at what happened with my 2007 predictions, check out the archived newsletters at www.agelessinamerica.com.
Posted by Carleen MacKay on January 7, 2008 at 11:00 AM
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Comments
As an emerging college grad in engineering, I see a lot of insight in your analysis of my generation's feelings about the faltering economy and what it means for our future in the American workplace. It seems that the vast majority of new jobs appearing in the engineering field are military-oriented, but even these are bitter sweet. The same war that is fueling them seems to account for most of our government's spending and debt, which will indirectly lead to long-term job insecurity.
One reason Japan's economy is doing so well is because rather than lament about the loss of jobs in a stale field like manufacturing, they embrace and adapt to new technologies and end up leaders on the cutting edge, as has happened with the robotics you've mentioned. As long as there is new technology, there will be job opportunities maintaining and improving it, so it's in the interest of America's youth to welcome it.
Posted by Matt on January 7, 2008 10:57 PM
Thanks for an insightful list of predictions. With the first group of Boomers turning 62 this year, it will be interesting to see how many start to retire and the effect it will have on the workplace. Companies need to commit to initiatives to attract and retain older workers whose talents allow them to continue to make valuable contributions to the workplace.
Posted by Brad Taft on January 9, 2008 6:42 PM
I think what we all need to focus on is the American baby-boomers, who are older, and will begin pulling their cash out of their investments (many will have to by mandatory law) and thus sending stockmarkets crashing down to a place perhaps never before witnessed. This will happen between 2012 and 2017.
Not that I'm a pessimist, I'm not at all, but I feel the most important focus should be educating the masses with REAL financial advice, and in general creating a less volatile global market by using our collective grey matter.
http://andrew.coey.name
Posted by Andrew Coey on March 20, 2008 4:21 AM