Guess Which
Given that the presumed goal of generative automation is to render large swathes of the public unemployed, there have been a number of recent articles on whether this or that career path will be the thing that saves the economies of industrialized nations from the collapse of discretionary spending by the affluent, but not wealthy, segments of their populations.
Whether it's healthcare, services or blue-collar work like the skilled trades, news outlets are starting to run articles, centered around an individual and their story, designed to show people that there are well-paying occupations out there that people have been ignoring in their rush for soon-to-be-worthless college degrees designed to lead to knowledge work. And, of course, they're quick to note the low six-figure salaries that go along with them.
What's less apparent is what does the demand for these roles look like, especially if they're intended to be lifelines for millions of un- and/or underemployed people. Or, to be more precise, how elastic that demand is. To use a common example, take people who harvest foods. That demand is relatively inelastic... food isn't thrown away or allowed to rot by producers because there are literally no people available who could be employed to harvest it... it's that their margins don't make spending more on payroll worthwhile; the added costs needed to recover more of the produced food mean the math doesn't pencil out.
When the Wall Street Journal published an article headlined: Nursing Is the Surefire New Path to American Prosperity, the article opens with a nurse practitioner who now makes $120,000 annually and talks about how her and her husband are doing. But, being a WSJ piece, it's only available to subscribers, so I didn't read the bulk of it. But baked into that is the idea that "plentiful" jobs equals enough jobs for the people who might decide to enter the occupation. But how many nurse practitioners does the nation really need? According to the Bureau of Labor Statistics' Employment Projections by 2034, the number of nurse practitioners is slated to rise by about 40% from 2024 numbers. And I think that this is what's driving the enthusiasm. When one looks at the data, nurse practitioners are high on the table of Fastest Growing Occupations, and they're the first occupation to crack six figures in salary. But it's worth noting that they're farther down the list when it comes to the Occupations With the Most Job Growth (the difference being percentages for Fastest Growing and raw numbers for Most Job Growth). The BLS estimates that there will be more Software Developers added than Nurse Practitioners.
And if that sounds a little off, that's the problem with taking and (or even only some) these projections as givens. If one presumes that the BLS has guessed the factors affecting occupational utilization for software developers incorrectly, where does a confidence that they've called it correctly for nurse practitioners come from?
The problem with casting any job as a "surefire" bet is that it presumes to know the choices that people will make concerning those jobs. Will it so happen that "nurse practitioners are increasingly employed in team-based models of care, taking on tasks previously performed by physicians." and "Expanding practice authority [...] support[s] employment demand further?" The BLS expects the United States labor force to grow by 3.1% by 2034, when compared to 2024 numbers. Is that going to match increases in population growth? Will their general outlook on expanding and contracting occupations bear out?
But perhaps the bigger question is whether the expected transitions, assuming they happen in the way the BLS predicts, are efficient. An old contact of mine on LinkedIn asked whether nursing was "another option for would-be or laid off engineers." Maybe, but there isn't a lot of crossover there. How much of the time spend pursuing a Computer Science degree would really be useful if one made the switch to Nursing? And how many laid-off developers could really afford to return to college full-time to get the Masters of Nursing degree needed to be an NP? And if there's a rush to enter the nursing occupations, and they become oversubscribed, what happens then?
The problem that I've always had with career planning is an inability to see the future. And that's led me to commit to things that turned out to be less than expected. If we're really going to see a seismic shakeup of the employment market in the United States, expecting everyone to figure that out for themselves, based on whichever news articles they happen to come across is a bad idea. I would expect that there needs to be a plan that helps match people with jobs when they're selecting their educational paths. This, of course, is going to be freighted... there simply isn't enough trust that the United States will actually look out for the thriving of the citizenry at large, as opposed to the people who write the biggest checks to Congressional and Presidential campaigns. Which means that it's unlikely to happen. Hopefully what comes out of it won't be wasteful enough that it becomes clear that something better was needed.
