By Scott Anderson Chief Economist Bank of the West

Jun 27th 2022

Sustainable LivingTaking Action

What Are the Jobs of the Future?

Jun 27th 2022

What are the jobs of the future?

Some jobs of the future are hard to predict.

Three years ago, who could have guessed that the Great Resignation would make corporate recruiter a top job in 2022? Or that workplace diversity manager would be one of the fastest growing jobs in 2021? Or that there would now be more than 3 million industrial robots working around the world?

But there are some meaningful trends that give us a pretty good idea what jobs likely have a bright future. Here are 3 super trends shaping our world and the world of work.

  1. Renewable energy

    The green economy is expected to create 24 million jobs worldwide by 2030—that’s more jobs than exist today in US public schools, hospitals, fast food restaurants, and grocery stores, combined. Demand for green skills is already widespread with more than 440 roles in industries from construction to healthcare to manufacturing to finance showing growth. Business schools are integrating sustainability into their core curriculums. Within the shift to a clean-energy economy, the US government points to two jobs that will be among the most in-demand roles in the next decade:

    Wind Turbine technicians: $56,260 average salary in 2021, 68 percent growth rate through 2030

    Solar panel installers: $47,670 average salary in 2021, 52 percent growth rate

  2. Health and well-being

    With increased life expectancies, demand for people with skills to help others get and stay healthy isn’t going away anytime soon. Jobs in healthcare are expected to grow 16 percent from 2020 to 2030, much faster than the overall average for job growth. Over that decade 2.6 million new healthcare jobs are expected to be added to the economy. The growth trend is fueling demand for lots of different specialties:

    Nurse practitioners: $120,680 average salary in 2021, 52 percent growth rate

    Exercise trainers and fitness instructors: $40,700, 39 percent growth rate

    Occupational therapy assistant: $61,730 average salary, 37 percent growth rate

    Physical therapy assistant: $61,180 average salary, 35 percent growth rate

  3. Information technology

    The digitization of the economy means practically any company is now a technology company. And with new technologies like the Internet of Things (IoT) and artificial intelligence (AI) being more broadly adopted, the demand is only rising. Software developers and other IT experts in cloud computing, cybersecurity, and big data, among others, will see faster than average growth through 2030. These jobs also tend to be high-paying. The median annual wage for computer and IT jobs was $97,430 in 2021—more than double the median annual wage for all occupations of $45,760. Here are some of the most in-demand specialties:

    Information Security Analysts: $103,590 average salary in 2020 – 33 percent growth rate

    Software Developers, Quality Assurance Analysts, and Testers: $110,140 average salary in 2020, 22 percent growth rate

    Computer and Information Research Scientists: $126,830 average salary in 2020, 22 percent growth rate

    Web Developers and Digital Designers: $77,200 average salary in 2020, 13 percent growth rate

Want more thoughts on the economy? Check out my Explain It Like I’m 5 video series. Economics made simple.

And keep updated on my latest economic forecasts and analysis with my US Outlook.

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Scott Anderson Chief Economist Bank of the West

Scott Anderson is Chief Economist at Bank of the West. He has consistently been recognized as one of the top economic forecasters in the country by Bloomberg and USA Today.

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