Aug 30, 2017.
Serving the grandma will serve you. Median salaries in 2016 for fastest growing occupations in next 10 years (2014-2024)
(Click on the image to enlarge) The US Bureau of Labor Statistics projects that fastest salary growths in next 10 years will be in healthcare. As baby boomers retire, services catering to the aging population will see more growth than others. Since medical specialists are scarce, staff supporting the specialists, e.g., physician’s assistant and nurses will see a much higher growth than average profession. However, it is not clear why Optometrists will see the highest growth although longer life span and an aging population will certainly add to their business.
The next big growth in tech sector will involve understanding the enormous data we generate. And statisticians will be at the center of this growth. Similarly, analysts with background in operations research & business analysis will benefit as companies like Amazon, Walmart & Google fight it out in e-commerce and online shopping.
Other health care professions that do not require significant training & specialization will see the lowest growth. Aides helping the aging population should expect much more jobs, as much as half a million, but shouldn’t expect much higher salaries due to short training periods, lower barriers to entry, and easy replacements.
For the projected growth of these jobs, see Chart of the day – Aug 31, 2017.
Source: US Bureau of Labor Statistics
Previous charts-of-the-day:
Aug 31, 2017 – Projected growth in fastest growing occupations, 2014-2024
Aug 30, 2017 – US median salaries for fastest growing occupations in next 10 years, 2016
Aug 29, 2017 – US household – time spent in daily chores, 2016
Aug 28, 2017 – US household leisure & sports time, 2016
Aug 27, 2017 – Peak earning vs age, 2010-2016
Aug 26, 2017 – Price change for TVs, Computer, Internet, Cable & Software, 1996-2015
Aug 25, 2017 – Number of rental units in Silicon Forest, Tanasbourne, Portland Metro
Aug 24, 2017 – Vacancy rates, for rental & homeowner houses (1980-2015)
Aug 23, 2017 – Rate of homeownership & number of renters, 1990-2015
Aug 22, 2017 – Comparison of $100k with mortgage vs S&P vs rent, $100k from Jan 2010 to Jun 2017
Aug 21, 2017 – no chart
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Aug 20, 2017 – Construction productivity vs other industries (The Economist)
Aug 19, 2017 – no chart
Aug 18, 2017 – no chart
Aug 17, 2017 – Worth of money in parallel worlds (with housing leverage), $100k from Jan 2010 to Jun 2017
Aug 16, 2017 – no chart
Aug 15, 2017 – Worth of money in parallel worlds (long term trend), starting with $100k in Jun 1996
Aug 14, 2017 – Worth of money in parallel worlds, value of $100k invested in Jan 2010 worth in Jun 2017
Aug 13, 2017 – US consumer price index (cost-of-living index or inflation) – (2007-2017)
Aug 12, 2017 – US unemployment rate & wage growth (2010-2017)
Aug 11, 2017 – US home price change by state (1976-2017 & 2016-2017)
Aug 10, 2017 – Inflation plotted with US Treasury & Mortgage rates (2010-2016)
Aug 9, 2017 – US Treasury and Mortgage rates (2010-2016)
Aug 8, 2017 – Household credit score versus time (2001-2016)
Aug 7, 2017 – Monthly mortgage payment across key US metro regions (2012-2016)
Aug 6, 2017 – Good time to buy or good time to sell? Fannie Mae’s monthly Home Purchase Sentiment Index (R)
Aug 5, 2017 – Buy versus Rent – Trulia’s calculator (Apr 2017)
Aug 4, 2017 – Annual change in US home prices across top 20 cities (May 2011- May 2017)
Aug 3, 2017 – Best time to get a deal: time period when best discounts are available in housing market
Aug 2, 2017 – Clark County, Washington state (Portland Metro area, OR) single family home prices (2012-2017)
Aug 1, 2017 – Multnomah County (Portland Metro area, OR) single family home prices (2012-2017)
July 31, 2017 – Washington County (Portland Metro area, OR) single family home prices (2012-2017)
July 28, 2017 – US home prices 1890-present
July 27, 2017 – Median house price for Portland Metro neighborhoods
July 26, 2017 – Average rent for Portland Metro region
July 25, 2017 – Path of total solar eclipse through Oregon
July 24, 2017 – Portland metro area household income by region