Just how important is the "fastest growing job" list?
The more complex your job is and more highly educated / paid you are, the more specialization there is. Thus if the local bank hires a new credit analyst, and the local insurance company hires a new fixed income securities analyst, and the local hedge fund hires a new portfolio analyst, and the local retail firm and the local health insurance company each hired a business analyst, these analysts all might be classified differently. But if two of the five firms hired a new janitor, they're both janitors. In this example is it accurate to say that the fastest growing job category was janitor? There is far less specialization at the lowest levels and far more at the upper levels and this is addressed only to a limited extent when the Census Bureau ranks job growth - thus the "fastest growing jobs" will almost always be at the bottom even if most of the job growth is at higher income levels. outcrop again, yes some jobs go to foreigners - like tailors - but we have 4.6% unemployment, so it's NOT "most" jobs. Beren, it's an example. Job specialization grows the higher up the pay scale you get, and this is addressed only minimally by the Census Bureau in calculating the fastest growing job category. The point is that because of specialization being much greater the higher up you go, it will almost ALWAYS be the case that "the fastest growing job title" will be at the bottom end, even if the total job growth at the bottom is less than that at the middle or top.
Asked By: truthisback - 8/17/2007
Best Answer - Chosen by Asker
I would think, regardless of how classification works, that it is important that more job growth comes from the lower income jobs anyway... More
Answered By: Overt Operative - 8/18/2007
Additional Answers (4)
Answered By: outcrop - 8/17/2007
"Thus if the local bank hires a new credit analyst, and the local insurance company hires a new fixed income securities analyst, and the local hedge fund hires a new portfolio analyst, and the local retail firm and the local health insurance company each hired a business analyst, these analysts all might be classified... More
Answered By: beren - 8/17/2007
any job listed on the fastest growing job list is so detatched from my industry that i really could not care less.
Answered By: email - 8/17/2007
Fastest growing job lists are made to direct people into a certain field that the economy needs to reduce the labor costs... More
Answered By: avail_skillz - 8/17/2007
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