The largest demographic group in Canada is heading for retirement. Of course, this will mean something very different for many Baby Boomers than for older generations. Boomers have maintained their health and stayed in the job market longer than any other generation of citizens in our country’s history.
As they grow older, Baby Boomers will require more frequent, specialized medical care. They will also want to maintain connections with careers and family for as long as possible. Therefore, expect to see continued growth in fields that cater to their wishes. Growing teams of social workers and nurses will help care for the needs of these Boomers.
The high output of the pharmaceutical industry, combined with constant innovation in the rest of the medical field, helps us live longer, more productive lives. New treatments for previously fatal diseases require new approaches for rehabilitation. Likewise, many adults expect to work far beyond the traditional retirement age. Therefore, patients demand a new generation of physical therapists and other specialists to help prolong their quality of life.
As today’s parents demand higher quality from their child care providers, the marketplace has responded with a variety of programs to help meet parents’ needs. The explosive growth of pre-kindergarten educational programs call for highly trained educators who command more competitive salaries than their predecessors. Therefore, especially in major cities, the cost of caring for young children has skyrocketed. As a result, early childhood education has become a more lucrative and more stable profession than ever before. Though it has traditionally been a low-paying job, child care specialists today can expect to earn far more money today than peers who entered the field even a few years ago.
Rapid Technology Growth
Despite fears that many companies look overseas for development of new technology, the rapid advancement of ideas and the need for constant upgrades assures technology professionals of consistent job security over the next ten years. Businesses of all kinds have found themselves locked into the equivalent of an arms race with their competitors. Companies must provide their teams with the best equipment and resources, or face defeat.
Likewise, continual innovation assures technology workers that new machines, cables, and other equipment will have to be installed every few years. Even Internet infrastructure, which was designed to provide nearly limitless connections, is being overhauled to accommodate a previously unimaginable number of new devices. Therefore, IT professionals who specialize in networking installation, and support will remain in demand as more businesses rely on new technology to help them compete.
The giant factories and smokestacks of a hundred years ago are fading into the pages of history books. Many of today’s workers report for duty at smaller offices or manufacturing plants, connected by information networks and sophisticated shipping infrastructure.
A growing number of employees, especially specialized consultants and leaders, divide their time among multiple locations at companies or client organizations. This trend has led to the use of “hot desking,” where workers report to a different workstation at the start of each shift, instead of keeping their own desk or cubicle. Many workers telecommute, allowing them to reinvest time spent commuting into more productive work or family time.
As a side effect, more workers are relocating to larger homes, farther away from city centers. Whether they want to enjoy more peaceful surroundings or they simply want to reconnect with family or friends, these shifting workers create demand for home construction, renovation, and infrastructure development.