JOB DESTRUCTION NEWSLETTER
by Rob Sanchez
June 23, 2004 - No. 1039
CNN.com has a new
list of jobs that supposedly pay well and have good
job growth. To see their list, go to the webpage and click on the link
in the last paragraph. The CNN list was compiled from a similar list
from the DOL at:
Here are some of of my observations while staring at the CNN table:
* Jobs in engineering
and programming aren't on the list. The only IT
related career is "Computer systems analysts". Notice that in job
growth the analyst jobs are in second to last place with "Special
education teachers". If CNN and the DOL are correct, technical careers
have very little growth potential, and yet we are hearing stories on a
regular basis that there are large shortages of these workers. The
median earnings of $62,890 aren't very encouraging and it's a far cry
from what IT workers are accustomed to.
* Just because a
job is on the CNN or DOL list doesn't mean an American
citizen is going to get it. Many of those job categories are being
taken by H-1Bs. Examples include teachers, which occupy 4 of the 20 job
categories listed, and nurses which occupy 2 out of the 20. Nurses are
also coming into the United States from Mexico with NAFTA-TN visas.
* They only job
category I saw that was safe from nonimmigrant visa
holders or illegal aliens was for sales representatives. Th news media
such as CNN are in a state of denial about how many jobs are being
taken by foreign born workers. The number of jobs created mean nothing
if they aren't available for American citizens.
* The title of this
article says that these jobs pay well. Perhaps this
is an indication of how far things have slipped for the American
middle-class. The average median salary is only $42,500 and the highest
* The DOL table
isn't any more encouraging. The fastest growing job
categories are for jobs such as cashiers, janitors, waiters and
waitresses, receptionists, office clerks, security guards. Most of the
high growth jobs don't require college level degrees.
New jobs pay well
Latest report from Labor Department find 20 occupations with good
earning potential and growth.
June 23, 2004: 12:37 PM EDT
By Jeanne Sahadi, CNN/Money Senior Writer
NEW YORK (CNN/Money)
- When the government came out with its 10-year
jobs forecast earlier this year, observers noted many of the jobs with
the greatest growth potential were fairly low-paying.
Well, in its latest
quarterly outlook, the Labor Department's Bureau of
Labor Statistics broke out 20 jobs with relatively high median
earnings, and guess what: they're among the occupations with the
greatest number of job openings projected up until 2012.
"High" earnings in this context doesn't mean Wall Street salaries.
It means the earnings
of each occupation ranked in the top half of all
occupations' 2002 median earnings.
The number of job
openings projected for a given field is a combination
of new jobs likely to be created and positions likely to open up as a
result of workers retiring or otherwise leaving the occupation
So, for instance,
the BLS projects that 95,980 jobs will open up
annually between 2002 and 2012 for post-secondary teachers. The median
earnings of those who hold the title -- meaning half earned more -- was
$49,090 in 2002.
Even though the
job market has been fairly dismal in recent years for
tenure-seeking Ph.D.s in many fields of academia, the BLS projects an
increased demand for postsecondary teachers for several reasons.
First, it's likely
a large number of tenured professors who started
teaching in the 1960s -- when there was a large expansion of the
education sector -- will be retiring over the next several years, said
BLS economist Jon Sargent. There's also been growth in the number of
community and junior colleges, as well as in technical educational
institutions, he said.
will seek to hire as many tenured professors or will
opt instead to bulk up on much lower paid adjunct professors as some
have been doing remains to be seen. If schools reduce the number of
tenure track positions it's possible the median earnings for the
occupation could fall.
Also notable about
the BLS list: not all of the jobs necessarily
require graduate degrees or even college degrees. Among the occupations
with relatively high median earnings and the potential for significant
job openings are carpenters, truck drivers and auto mechanics.
For a look at the
occupations, their median earnings and the projected
number of openings for each, click here.
Occupation Average annual job openings projected 2002-2012, Median
Postsecondary teachers 95,980
General and operations managers 76,245
Sales representatives, wholesale and manufacturing, except technical
and scientific products 66,239
Truck drivers, heavy and tractor-trailer 62,517
Elementary school teachers, except special education 54,701
First-line supervisors or managers of retail sales workers 48,645
Secondary school teachers, except special and vocational education
General maintenance and repair workers 44,978
Executive secretaries and administrative assistants 42,444
First-line supervisors or managers of office and administrative support
Accountants and auditors 40,465
Automotive service technicians and mechanics 31,887
Police and sheriff's patrol officers 31,290
Licensed practical and licensed vocational nurses 29,480
Management analysts 25,470
Computer systems analysts 23,735
Special education teachers 23,297
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