How Competition Can Affect American Society
Competition is proliferating. As the years progress, more and more students are eager to successfully complete their bachelor’s degree. Consequently, the job market is altering as well. The Bureau of Labor Statistics gave us glimpses of the details.
Health care professionals will benefit from an increase in opportunity in their sector as well as professionals working with clean energy. Conversely, it is evident that with the rise of technological advancements, machines are replacing jobs in data entry and manufacturing, negatively affecting professionals in those industries.
Discrepancy in the job market will continue to widen throughout the next decade. Naturally, with increased education levels, high paying jobs specifically in the STEM field will continue to bolster. Low-paying jobs will remain steady.
The jobs which will take majority of the beating are the “middle paying” jobs. Experts predict that such jobs are dwindling in numbers quite rapidly. Demand for coal miners, metal workers, and machine operators is decreasing with the increase in technology.
This could be bad news for professionals who lack a bachelor’s degree. As a matter of fact, students with only a bachelor’s degree and without any graduate school experience are likely to face challenges finding a decent occupation. Localization economies and urbanization economies are becoming more evident as urban areas are continuing to grow and the burgeoning hunger for well educated professionals is becoming more evident.
As a consequence, this will lead to a sharper geographic division within the country. Rural and relatively small sub urban towns are expected to plunge into a deeper struggle. Economist Jed Kolko sums up the scenario: “Continued polarization is the story…. Not just in wages but also in geography and therefore also politics.”
Therefore, the fact of the matter is that division will be inevitable. Competition will get fierce and a polarized society seems imminent. Let us hope such pronounced divisions fail to alter the altruism evinced by American denizens.