Business Leadership
What are the significant trends you found in Workforce 2020?
This textbook was written in 1997 based on data the authors had at that time. Now that we are into the year 2003, do you agree or disagree with the various topics being assessed/predicted/presented in the book?
Select two topics from the following list and discuss:
The trends found in the book included the prediction that the United States will deal with very tight labor markets in the years to come. The book also discusses the impact of technology on the job force and concludes that new technologies will create more jobs than they will destroy. The authors describes this theory by explaining that, experience suggests that the development, marketing, and servicing of ever more sophisticated products-- and the use of those products in an ever richer ensemble of personal and professional services -- almost certainly will create more jobs than the underlying technology will destroy." (Judy and D'Amico 1997)
The book, which was created by the Hudson Institute, also discusses trends related to physical and monetary policies that will come into existence over the next two decades. Additionally the authors discuss trends related to the age of American workers and the retirement of many in the baby boom generation. Other significant trends that are discussed include; Immigration and its impact on the workforce, Occupations, skills and compensation, Temporary workers, Labor supply trends in the U.S. And its regions, Diversity trends and the early 21st century workforce, Education reform, and Education, training and workforce development
Skills for Tomorrow's Jobs
Workforce 2020 argues that the workforce of the future will be driven by technology and that workers must have technological skills. The authors of the book believe that the demand for skilled labor will increase dramatically in the future. A review of Workforce 2020 explains that the book, argues that the American voter has come to expect a booming economy and that only a buoyant economy with a strong labor market will prevent protectionism. If companies are unable to find the workers they need in the United States, then they will move offshore, a threat already voiced by Microsoft in arguing for availability of more H1-B visas -- visas issued for highly skilled workers." (Kippen & McDonald 2000)
According to this quote the authors seem to believe that the skill sets that will be required in the 21st century may be occupied by foreigners. Many organizations choose to hire foreigners because they do not have to pay them as much as American Citizens. In other words Workforce 2002 is predicting that American companies will become so desperate for cheap labor that they will begin to employ foreigners instead of Americans that have the same skills.
A definitely agree with the authors assertions about the increase in skills that are required for the 21st century worker. It has been evident in the past year that many technological jobs are being offered to foreigners. Not only are foreigners coming to America and acquiring these jobs but many firms have opened up offices in other countries with the purpose of hiring cheap labor. This trend comes at a time when workers in the United States are being fired and laid off at a record pace because of the current economic condition of the country.
America's older workers: Making them part of the solution
Another trend that the book discusses is the plight of older workers in America. Primarily, the book deals with the relationship between older baby boom workers and Generation X Workforce 2020 explains that this shift in the workforce will cause a significant shortage of skilled workers and may have a devastating effect on the nation's workforce. The authors explain that the exit of older workers will have a profound effect on the American Labor force by the year 2010.
The authors assert that a solution to this problem may be to recruit older workers. They argue that the older workers could help to improve the skills of younger workers before they go into full retirement. In many cases older workers are eager and willing to train younger workers. Older workers desire to pass on the wisdom that they have acquired over the years. The book suggests that companies would benefit greatly if they would take the time to recruit older workers.
A also agree with this trend and it seems that is extremely necessary in today's workforce. Many recent college graduates that...
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