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My MoneyLife™ with Chuck Bentley

Middle Class Jobs in Danger

Friday, November 21, 2011

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Chuck Bentley

News reports about the poor job market tend to focus on the sheer number of jobs lost, or the percentage of workers who are unemployed.

What we don’t often hear about are the kinds of jobs that are lost when recession stresses an economy—or the kinds of jobs that experience growth during hard times.

The U.S. Labor Department keeps track of these figures.and there is some good news in the latest government report. It shows that the majority of the top 20 fastest growing jobs in the U.S. earn at least $10,000 more than the national median wage of $32,000.

That means we can expect at least some growth in skilled and semi-skilled jobs in the years ahead.

Here’s a list of top-paying jobs expected to grow the fastest according to MarketWatch:

  • Biochemists and biophysicists, $83,000
  • Physician assistants, $81,000
  • Biomedical engineers—median salary, $77,000
  • Network systems and data communications analysts and financial examiners, $71,000

Now, here are the jobs that are expected to suffer the most losses in the next several years:
  • Postal Service mail sorters
  • Semiconductor processors
  • Machine setters and operators
  • Fabric menders
  • And textile operators

What all of this says to me is that education is still very important, but I think we’re seeing an end to the days when the typical liberal-arts degree meant you could always get some type of good-paying job.

If you’re planning on going to college, it’s important to choose a major that will give you training that is in demand in today’s marketplace.

So developing your God-given skills has never been more important. If you’re not sure which career path to take, we can help. Visit us at Crown.org.

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