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Synthesis of Attributes - Essay Example

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This paper shall identify attributes of workers who are likeliest to succeed in the new economy and synthesize the same into detailed explanations. The changing tides in the employment sector in the new economy is both a threat and a promise to potential workers that are still hanging around for employment or those soon graduating. …
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Synthesis of Attributes
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Download file to see previous pages In the past 25 years, worker skills or level of education were a favorable recipe that would earn any bearer of these attributes better and more stable jobs, amounting to job security. However, the trend in the current economy has been manipulated by the emphasized need to lower production expenses and increase profit margins. This aspect has caused many jobs to be offshored to countries such as China and India where the production expenses for jobs pertaining impersonal services are lower. Reportedly, only workers in possession of skills pertaining personal services such as barbers, medical practitioners, and counsellors can have some level of security. This calls for workers to develop leadership and innovative attributes that will facilitate the possession of innovative skills that cannot afford offshoring. According to Carnevale, Cheah, and Strohl, thanks to the U.S Department of Labor, data provided projecting employment projections in every ten years could go a long way in helping prospective workers in decision making towards a choice of career path. Contrary to the attributes discussed first, possession of higher levels of education is a key attribute to ensure success in the new economy. At the time of the research reporting provided by Carnevale et al. (as cited in Behrens &Rosen, 2013, p. 180), the unemployment rates of Bachelor’s degree holders stand at 8.9%, while those of high school leavers and high school dropouts stood at 22.9% and 31.5% respectively. The risks that high school dropouts or lower educated job seekers faced included the grabbing of job opportunities that did not require high skillsets and education by more educated individuals. An emphasis is, however, put on the career path chosen as Carnevale et al. states: (as cited in Behrens &Rosen, 2013, p. 180) “not all college degrees are created equally.” The existing data indicated higher absorption rates in some career fields with specific college degrees that other fields. For instance, employment rates in the fields that required Computer Science, Education, and Healthcare competency had a higher absorption that greatly reduced the unemployment rates that then stood at an average of 5.4% compared to absorption in Architecture that left 13.9% unemployment rate. These differences arose due to the dynamic status that various job markets faced due to a variety of aspects such as collapse of housing construction in Architecture. Studies also revealed a higher absorption rate for individuals that contained graduate degrees than those with Bachelor’s (BA). However, the majoring specific was highly relevant as some undergraduate degrees like Computer Science seemed to perform way better than any Graduate degree. Successful workers in the new economy will have to possess a competitive and creative attribute of being creators and not servers. Kessler (as cited in Behrens &Rosen, 2013, p. 203), is quick to dismiss the existence of the two classical types of workers; white-collar and blue-collar workers, and instead, replaces these categories by two types of workers: creators and servers. ...Download file to see next pagesRead More
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