Navigating the Future Job Market: Insights from History

Which jobs will be in the list of high demand jobs in future?

The world is changing, and over the last few decades, the way we live, work, and learn has changed. We've seen a rise in new technologies, transforming industries and creating new ones. 

More careers are available than ever before, and some are more traditional, while others are unique. One thing remains constant–they all require some education or training.

We will talk about high-demand jobs in the future. We will also look at what the past taught us about these jobs. 

What is a Career?

We derive the word career from carrus, which means chariot. 

However, the term career in 1803 came to represent the course of one's public or professional life. This definition has remained relevant in modern times, and it is synonymous with the work-life history of an individual. It means the job position or positions one holds over the years.

Given the word's long history, it is not overreaching to understand how it has strengthened from the 19th century until today. It is pertinent to note the different factors influencing career change.

What are the Influences that have shaped the Evolution of Modern Careers?

Most literature about the modern career focuses mainly on dividing white-collar jobs and blue-collar jobs.

The industrial revolution in Europe affected the evolution of work positions worldwide. It began in 1760 and lasted until 1840. This revolution saw the shift from jobs gained based on line and family ties to employment based on merit and achievement and the willingness to receive more training and knowledge. 

In addition, the emergence of guilds was also a significant factor that shaped the evolution of the modern career. These guilds underscored the importance of a skilled labor force by restricting entrance into their ranks. Only those who have completed apprenticeships with master guild members were fit.

With the labor force expanding from just the nobles, merchants, and peasants, the necessity for hierarchical and managerial positions in organizations became pressing. 

According to Max Weber, the key elements of modern bureaucracy include:

• The agency assigned activities as official duties, not based on personal prerogative. 
• The authority to perform said actions based on set rules
• The provision of regular procedures.

From the above observation, it is easy to draw a parallel between this and the organizational pillars of present-day careers. 

Another influence on career evolution was the spread of unionization, which came into effect in the 19th century in Great Britain. Before this, they have confirmed smaller unions to exist in historical records. 

The 1768 strike in New York by the journeymen tailors protesting a wage reduction shows their presence. These unions prevented staff who had not met formal requirements for training and apprenticeship. 

This ensured the higher earnings of union members, seeing as getting skilled professionals, were not accessible because of the elite nature of the unions. There was a shift from artisans' guilds to unions for white and blue-collar professions. A critical component of career history is the rise in education that characterized the 19th century. 

Gone were the days of only the nobles and quasi-nobles gaining an education. Instead, youths from all walks of life could adapt to the high school level's geographical mobility and technological change. Coursework included higher mathematics, humanities, science, and technology.

This resulted in more people being groomed early to fill in the constantly expanding career paths and increasing job positions.

The 20th century saw a continued evolution of careers into different job positions in various fields with digital transformation. 

From the above illustration, the change in occupation types between 1910-2000 is glaring. The employment of professional and technical workers experienced a sharp increase. 

As mentioned previously, industrialization, technological development, the growing size and complexity of organizations, the rapid growth in healthcare, education, and social services, and the expanded role of government all contributed to this.

However, it would be far more serviceable to see how this evolution will continue even beyond the 21st century.

Job Positions and The 21st Century

To do this, one must first discard the definition of a career given at the beginning of this article. 

If indeed examined, today's professional world is no longer bound by the traditional components that characterized careers in the previous centuries. These components are: that a career represents a person's expertise, profession, and ultimately their life; it builds over the years; and gives financial and psychological rewards.

In the previous phases of career development, only those in the scientific and technical fields were required to brush up on their knowledge to remain relevant consistently. 

Today, regular re-training is the order of the day. Learning new skills from typewriting to Microsoft Word, to Skype, Zoom to even learning how to operate robots, and a host of other tools out there, no profession is exempt from this. Failure to master new strategies often leads to becoming obsolete in any field. 

Compared to the 19th century, when learning and development opportunities were for the employee class only, now even heads of companies must have a zest for learning if they want to be successful.

The career-spanning donkey years were common before. Job-hopping is the trend nowadays. When one studies the older generation, you will notice a few of them still have decades of experience working in just one company. 

There is a break from Gen X to the millennial generation from this norm. The praised increase in innovation and profitability has led to a decay in the notion of a company-man career. 

The interest in a company that offers better opportunities for advancement is higher than earning more is now more important than staying in a stable position with limited possibilities for improvement.

Regarding financial and psychological rewards components, it is impossible to categorize this as in the past century simply because a large world population now occupies two different job positions in various fields. Given the advancement in digital technology, learning the basics about a new profession is not as difficult as it once was. 

For example, a history graduate with an MBA in tourism runs a hospitality business while lecturing at a university. The individual is getting both financial and psychological rewards from two original positions. 

Finally, with the increased development in artificial intelligence technology and the rate at which companies embrace AI initiatives, it would be foolhardy to hope that the trend in careers and job positions will continue undisrupted. 

Companies these days choose to use AI to carry out tasks that once used to be done by humans and took even more extended periods to complete. Case in point, a Japanese company, Fukoku Mutual Life Insurance, fired its workers in 2017 and replaced them with robots. 

Closer to home, Microsoft also fired its journalists in 2020 and replaced them with Artificial Intelligence. At the turn of the century, there would have been a change in job positions and careers, given the growing trend in AI initiatives.   

What will the future career look like based on this evolution and advancement? Let us find out.

What Jobs will be the High in Demand in Future?

In the coming decade‌, we can expect to see a shift in how we work. As said early, with ‌artificial intelligence, automation, and robotics, many jobs are being wiped off the map. This is clear because some professions, such as truck drivers, taxi drivers, servers, cooks, and hotel staff, are already facing extinction. 

As a result, we expect the number of jobs to rise significantly over the next ten years.

According to the Oxford Economics report, the projected employment growth between 2020 and 2030 will increase from 153.5 million to 165.5. This assumes that the current technological advancements continue unabated.

What jobs will be in high demand jobs in future by 2030 nd beyond?

Understanding what jobs will be in high demand by 2030 helps to examine the current trends.

Registered Nurse(RN)

When considering a future career, one crucial thing is the services people will require. Humans will always require medical care, and while the technology we use is growing, the need for nurses and other medical practitioners will continue to exist.

Registered nurse accounts for the most significant number of healthcare workers. RN, provide patient care, emotional support, health education for patients and families,

To be a registered nurse (RN), you'll need an associate degree in nursing, a bachelor's degree in nursing, or another allowed diploma from a nursing institution. The median salary for an RN In May 2020 was $75,330.

From 2020 to 2030, we expect the employment of registered nurses to expand at a rate of 9%, which is approximately average for all occupations.

Logistician 

Supply chains are the networks businesses used to get the materials they need to manufacture a product and deliver it to customers. Supply networks are frequently vast and complicated, with many related links.

Implementing a delivery route planner can optimize logistics within these supply chains, ensuring efficient transportation and timely deliveries to customers.

Even with an essential product like a tablet, you'll need someone to chop the wood, mill it into lumber, assemble the timber into tables, and sell the tables in stores. And you'll need trucks, trains, or ships to get the resources and products from point A to point B.

A single flaw in a supply chain can cause the entire system to fail. During the COVID-19 epidemic, cars were in low supply because of shortages of computer chips used in their designs.

Logisticians aid in the prevention of issues like this. They maintain supply chains by organizing them and keeping them operational. A logistician oversees a product's entire life cycle, from conception through delivery.

Most of those working in this area have a four-year college diploma. Some organizations hire logisticians with only a two-year degree. The median annual compensation for logisticians was $76,270 in 2020.

From 2020 to 2030, we expect the employment of logisticians to expand by 30%, substantially faster than the average for all occupations.

Software Developer

The modern world runs in software, and because they will increase the use of AI automation and robotics in the future, software developers will be in the highest demand.

The future of software developers relies on the fact that many companies are looking for tech-savvy professionals. 

According to a US BLS report, the number of job opportunities in software development will increase by 22% from 2020 to 2030. From these states, we can point to the bright future of software developers.

A software developer builds programs, creates applications that run on computers, and makes improvements. They may specialize in developing web pages, mobile apps, desktop apps, and other types of programs. A software development career requires at least a bachelor's degree in a related field.

The median yearly wage for software developers was $110,140 in May 2020. From 2020 to 2030, we expect the employment of software developers to expand by 22%, substantially more than the average, with an average of 189,200 job vacancies for software engineers.

Post-Secondary School Teacher

Are you an educator or perhaps thinking of being one? Then this is great news for you. We expect the future demand of postsecondary school teachers to increase at an average rate.

According to the UNESCO Institute of Statistics, 69 million new teachers will be available by 2030 to meet the world education goals. Teachers shape students' lives, and they help them learn how to think critically, solve problems, communicate effectively, and develop into productive members of society. 

In addition, they teach students how to apply themselves to college courses and careers. To become a postsecondary school teacher, one should hold a Ph.D. or master's degree for some community college postsecondary lecturers.

The median annual income for postsecondary teachers was $80,560 in May 2020, with overall employment expected to expand by 12% from 2020 to 2030, faster than the national average.

Actuarial Science

Actuaries examine the economic costs of risk and uncertainty using mathematics, statistics, and financial theory. They also help companies adjust their investment strategies to increase returns. 

Most actuaries work for insurance firms. Although most work full time in offices, some consultants travel to meet with customers.

Actuaries usually require a bachelor's degree and must pass several exams to become certified. They must have a solid mathematical, statistical, and business background.

In May 2020, the median annual wage for actuaries was $111,030. The employment projection of actuaries will be 24% between 2020 and 2030, substantially faster than the average for all occupations with an average of 2,400 actuarial positions.

Industrial Engineering

Industrial engineering is another hot cake career for the future. They work to improve productivity and efficiency. They assess a firm's people, systems, and processes, including supply chains, operations, finance, and machinery or equipment, using math, statistics, science, and engineering principles. 

Their mission is to determine the most efficient method of integrating the systems and processes required to create a product or service.

They make sure that businesses keep expenses low, production high, and they meet organizational goals (for example, shipping a new product by a particular deadline or optimizing shipping and delivery operations)

To become an industrial engineer, one must have a bachelor's degree in mechanical, electrical, or civil engineering. In May 2020, the median salary of an industrial engineer was around $88,950.

We expect Industrial engineers' employment to expand 14% between 2020 and 2030, faster than the average for all occupations. On average, there will be 23,300 openings for industrial engineers per year.

Data Scientist

What does the future hold for scientists?

With a world driven by data, we expect jobs in the data scientist field to skyrocket in the future. Many organizations are tirelessly searching for ways to collect data on consumer behavior to increase their ROI and gain a competitive advantage. 

We expect jobs in this field to expand at a rate of 16 percent, according to the BLS. If you want to enter ‌the sector, you should have a master's degree in computer science or a relevant discipline.

Data scientists possess great expertise in mathematics, statistics, and computer programming and take advantage of this knowledge in gaining insights into the data business.

They identify data sources for automating the collection process and build machine learning algorithms. The median salary in May 2020 was more than $100,000, with a projection of 31% growth between 2020 to 2030

Information Security Analyst

Hackers are all over the place, and they're constantly improving their hacking techniques by interfering with companies' computer networks. That is why information security analysts are required.

In 2020, there were 1,001 data breaches in the United States, compromising over 150 million sensitive records, according to Statista. Each time a data breach occurs, it can cost a company millions of dollars.

Also, according to BLS, any job in the cyber security field is and will continue to be in high demand in the future globally.

The work of information security analysts is to plan and carry out security measures of information by preventing unauthorized access to sensitive data. They monitor network traffic, identify potential threats, investigate suspicious activity, and report it to law enforcement.

To pursue a career in information security analysis, you will need a bachelor's degree in computer science or cybersecurity. The median salary for a data analyst of 2020 is 103590 per year. The projection growth rate between 2020-2030 is 33%, with 47,000 jobs in 2020

Mental Health Experts

The disgrace associated with seeking mental health treatment is dissipating when individuals need mental health specialists more than ever. It's not a career that needs automation, and a robot would be hard-pressed to provide a sympathetic ear. 

The importance of mental health is becoming recognized by society and insurance companies. Because of this, there will be significantly greater demand for experts to provide mental health treatments. Psychologists, therapists, counselors, and social workers are among many who operate in this field.

To become a licensed psychotherapist, you'll require a master's degree in clinical social psychology or social work or a doctorate in psychology.

We expect the employment of mental health counselors to expand by 23% from 2020 to 2030, faster than the average for all occupations. The median earnings for mental health workers in May 2020 were $47,660

Physician Assistant

According to the National Commission on certification for physician assistants, physicians' work has grown by 13% in the last three years. Women account for 66.7 percent of Physician Assistants, while men account for 33.3 percent.

PAs assist surgeons and doctors in diagnosing, examining, and treating patients. The PA follows the same guidelines as other medical professionals when practicing medicine.

The PA is frequently mistaken for medical assistants; however, the PA has far more authority in all aspects of medicine. PAs, for example, can assess a patient's medical history and make recommendations. They can evaluate individuals and diagnose illnesses or injuries.

A recognized master's school graduate is required to become a PA. This usually takes two years, although it can take longer depending on the person's station in life. Factors like working full time while taking school can cause the schedule to be extended.

Each state must license a physician's assistant. A PA master's program candidate already has a bachelor's degree and patient-care experience in most situations. It's reasonably uncommon for a PA master's program candidate to have worked as a registered nurse (RN), paramedic, or emergency medical technician (EMT).

The median yearly wage for physician assistants in May 2020 was $115,390.The projected growth rate 2020-2030 is 31%, much faster than average, with 12,200 jobs every year.

Veterinarians

People appreciate their dogs and will pay a premium for their upkeep. If you love working with animals, a career as a veterinarian can be a good fit for you.

To become a veterinarian, you'll need a four-year degree in biology, zoology, chemistry, physics, or another relevant discipline. Also necessary is a Doctor of Veterinary Medicine (DVM) from a recognized program.

Once you have your degrees, you can expect to make a good living as a veterinarian. In May 2020, the median pay for veterans was $99,250, with a predicted growth rate of 18 percent over the following decade, over three times the national average.

We expect Veterinarians' employment to expand by 17% between 2020 and 2030, substantially faster than the average for all occupations.

Artificial Intelligence Specialist

What if, instead of fretting about a robot taking your job, you were the one who designed the robot? Artificial intelligence is a rapidly growing area that employs many professionals, from robotics engineers to natural language processing specialists to artificial intelligence researchers.

The artificial intelligence sector has much space for expansion because it's such a young and intriguing field and can be a very lucrative job. According to the New York Times, top researchers earn salaries in the high six figures at large corporations. 

If you want to work in AI, you'll need at least a bachelor's degree in computer science, but we recommend a master's degree in computer science if you want to work in one of these more significant roles.

Management Analysts

Management analysts assist companies in improving their efficiency. They enter a business to watch practices, question employees, and evaluate financial data.

Managers can then seek advice from analysts on saving costs (for example, by doing the same job with fewer workers). They can also recommend methods to increase revenue.

Throughout the year, management consultants may work for a variety of companies. They split their time between their own offices and the worksites of their clients. 

A bachelor's degree is usually required of a management analyst. Business, social science, and engineering are all good college majors. Many businesses prefer to hire analysts who have completed a master's degree in business administration (MBA). 

The median salary for management analysts in 2020 was $87,660. In 2020, the United States had 907,600 management analysts. We expect this industry to grow by 14% by 2030, producing 124,400 jobs.

Operations Research Analyst 

Operations research analyst is to assist firms in determining the best, most cost-effective solutions to complicated challenges. They work out how to distribute resources, manage supply chains, design production plans, and set prices using analytical methodologies.

These experts may, for example, assist supermarket management in determining how to organize merchandise on the shelves. Alternatively, they could help a carmaker determine how many cars of each model to build in each of its manufacturing facilities.

Most entry-level positions in this sector require a bachelor's degree. Some employers prefer candidates having a master's degree in one of these subjects.

In 2020, the median salary for operations research analysts was $86,200. In the United States, there were 104,100 operations research analysts in 2020, and we predict that number to rise by 25% by 2030.

Nurse Practitioner

Nursing is another high-demand job of the future. Although some aspects of nursing may be prone to automation, we still need a human with empathy beside our beds.

According to research by the US census bureau, all baby boomers will be older than 65 years old by 2030. This poses a great demand for nurses to care for the aging generation.

A nurse practitioner has more education and power (RN). NPS can perform many of the activities that doctors perform.

Nurse practitioners operate in a variety of situations in the healthcare industry. They can work at clinics, hospitals, urgent care centers, nursing homes, and private offices, among other places. Educational institutions, universities, or government health agencies employ some.

You must be a registered nurse to work as a nurse practitioner. One alternative is to get a bachelor's or associate's degree in nursing. Then there's completing a graduate program and receiving national certification.

In 2020, the income of NPs was $111,680. Nurse practitioners who worked in hospitals made the most money, while schools made the least. There were 211,280 NPs in the United States in May 2020, according to BLS. Between 2020 and 2030, we project that the number will grow by 45 percent.

The Final Note

These positions pay well and offer plenty of opportunities for promotion. However, it does not mean that they are the only jobs worth pursuing. To be the best fit for you, you need a career that does more than pay the bills. It should also be a job you enjoy and believe is worthwhile.

It's possible that following your passion isn't the best job choice. Even less sense is spending two or more years training for a job that will bore you for the next 40 years. To locate your dream job, start thinking about your hobbies and talents. Then search for fields that are a good fit for them.

With the help of at AI Bees, you can figure out which jobs in that field offer the best possibilities and pay. We help you forecast your future with our data-driven tools. To get started, contact us right now.