1 00:00:05,160 --> 00:00:08,070 We're speaking today with Heidi Shierholz, the chief economist 2 00:00:08,070 --> 00:00:09,810 at the US Department of Labor. 3 00:00:09,810 --> 00:00:14,630 Heidi follows the job trends and occupational opportunities 4 00:00:14,630 --> 00:00:15,690 around the country. 5 00:00:15,690 --> 00:00:17,160 And so this is a good opportunity 6 00:00:17,160 --> 00:00:19,650 to discuss where some of the good jobs are. 7 00:00:19,650 --> 00:00:21,470 So Heidi, thank you for joining us today. 8 00:00:21,470 --> 00:00:22,178 It's my pleasure. 9 00:00:22,178 --> 00:00:24,140 I wonder if you could start by telling 10 00:00:24,140 --> 00:00:27,200 us what do you see as some of the good job 11 00:00:27,200 --> 00:00:30,800 opportunities for young people entering the labor force today? 12 00:00:30,800 --> 00:00:33,200 I think it's important to know that there 13 00:00:33,200 --> 00:00:35,060 are a lot of good jobs being created. 14 00:00:35,060 --> 00:00:36,660 There are a lot of good opportunities. 15 00:00:36,660 --> 00:00:39,790 And if you look, our Bureau of Labor Statistics 16 00:00:39,790 --> 00:00:41,520 does these employment projections, 17 00:00:41,520 --> 00:00:44,160 where you can look and see what kind of jobs 18 00:00:44,160 --> 00:00:46,770 are growing strongly for the next 10 years, 19 00:00:46,770 --> 00:00:49,360 what kind of wages will those jobs have. 20 00:00:49,360 --> 00:00:51,447 And there's some trends that come out 21 00:00:51,447 --> 00:00:52,530 of that, that you can see. 22 00:00:52,530 --> 00:00:54,970 So some of the fastest growing jobs 23 00:00:54,970 --> 00:00:58,140 are jobs in the health sector, particularly nurses-- 24 00:00:58,140 --> 00:01:00,820 really strong wages and really strong job growth. 25 00:01:00,820 --> 00:01:03,680 We also see good job growth in the tech sector, 26 00:01:03,680 --> 00:01:06,660 so software engineering, software development, 27 00:01:06,660 --> 00:01:09,200 those kinds of jobs are growing quickly. 28 00:01:09,200 --> 00:01:13,600 You also see projected growth in some jobs 29 00:01:13,600 --> 00:01:15,230 in professional and business services 30 00:01:15,230 --> 00:01:18,550 like accountant jobs and auditing jobs, 31 00:01:18,550 --> 00:01:20,200 sort of those old standbys. 32 00:01:20,200 --> 00:01:22,930 We're going to always need them, and they're really 33 00:01:22,930 --> 00:01:24,210 decent paying jobs. 34 00:01:24,210 --> 00:01:26,570 So that's at the high end of the labor force. 35 00:01:26,570 --> 00:01:29,242 How about at the middle tier of the labor force. 36 00:01:29,242 --> 00:01:30,200 What's happening there? 37 00:01:30,200 --> 00:01:32,580 One of the phenomenons that we're seeing there 38 00:01:32,580 --> 00:01:34,860 is there's this big group of people 39 00:01:34,860 --> 00:01:37,630 who are hitting retirement age, the baby boomers. 40 00:01:37,630 --> 00:01:40,020 And as that continues to happen, there's 41 00:01:40,020 --> 00:01:42,550 going to be a lot of job turnover in some 42 00:01:42,550 --> 00:01:45,800 of these really good middle class jobs 43 00:01:45,800 --> 00:01:53,460 like carpenter jobs, electrician jobs, utility workers, welders. 44 00:01:53,460 --> 00:01:57,200 Those kinds of jobs that historically people 45 00:01:57,200 --> 00:01:59,230 got a lot of training in those kind of jobs 46 00:01:59,230 --> 00:02:02,620 through their unions and apprenticeship programs. 47 00:02:02,620 --> 00:02:04,790 As we have this group of people that 48 00:02:04,790 --> 00:02:08,280 was trained in that way hitting retirement age, 49 00:02:08,280 --> 00:02:10,380 we have to really figure out how we're 50 00:02:10,380 --> 00:02:11,940 going to refill those jobs. 51 00:02:11,940 --> 00:02:14,440 One of the things the Department of Labor is doing 52 00:02:14,440 --> 00:02:17,760 is really doing everything we can to support apprenticeship 53 00:02:17,760 --> 00:02:19,900 programs so they can help train up people 54 00:02:19,900 --> 00:02:21,900 to get into those jobs, because those are really 55 00:02:21,900 --> 00:02:25,380 good middle class jobs that are going to be very in demand 56 00:02:25,380 --> 00:02:26,790 going forward. 57 00:02:26,790 --> 00:02:28,690 Well that's great, because apprenticeships 58 00:02:28,690 --> 00:02:31,820 have such a positive record, so rebuilding those 59 00:02:31,820 --> 00:02:34,630 is so critical to our economy and the future workforce. 60 00:02:34,630 --> 00:02:38,130 Research shows apprenticeship has the highest rate of return 61 00:02:38,130 --> 00:02:41,780 as far as investment in workers, what pays off for the economy, 62 00:02:41,780 --> 00:02:42,950 for their future earnings. 63 00:02:42,950 --> 00:02:46,390 So it's a really good route for our country 64 00:02:46,390 --> 00:02:49,460 to invest in and for people to take advantage of as they're 65 00:02:49,460 --> 00:02:51,500 thinking about what their careers are going 66 00:02:51,500 --> 00:02:53,640 to look like going forward. 67 00:02:53,640 --> 00:02:55,610 And what about at the lower end of 68 00:02:55,610 --> 00:02:57,270 the occupational distribution? 69 00:02:57,270 --> 00:02:59,920 The projections show that we are expected 70 00:02:59,920 --> 00:03:02,970 to add a lot of jobs that, at this point, 71 00:03:02,970 --> 00:03:06,770 are low wage jobs: home health aides, food prep 72 00:03:06,770 --> 00:03:11,110 workers in restaurants and bars, child care workers, janitors, 73 00:03:11,110 --> 00:03:12,530 maids and housekeeping cleaners. 74 00:03:12,530 --> 00:03:15,140 So some of these lower end jobs are 75 00:03:15,140 --> 00:03:18,050 projected to see strong growth going forward. 76 00:03:18,050 --> 00:03:21,680 So I think that's a really important segment of the labor 77 00:03:21,680 --> 00:03:23,080 market to think about. 78 00:03:23,080 --> 00:03:25,320 And that's where policy can come in 79 00:03:25,320 --> 00:03:28,190 to help make sure that those are better jobs. 80 00:03:28,190 --> 00:03:32,440 So things like making sure we have a decent minimum wage-- 81 00:03:32,440 --> 00:03:33,950 increasing the minimum wage. 82 00:03:33,950 --> 00:03:37,270 Making sure people have overtime protections. 83 00:03:37,270 --> 00:03:39,430 Making sure that people have paid leave. 84 00:03:39,430 --> 00:03:42,470 The president just announced initiatives 85 00:03:42,470 --> 00:03:45,430 to bolster paid leave in the United States. 86 00:03:45,430 --> 00:03:50,390 Those kinds of policies can help ensure 87 00:03:50,390 --> 00:03:53,480 that we have high quality jobs for people 88 00:03:53,480 --> 00:03:56,220 at all levels of education and training. 89 00:03:56,220 --> 00:03:58,530 Certainly important that we really 90 00:03:58,530 --> 00:04:00,640 help to improve those low wage jobs 91 00:04:00,640 --> 00:04:03,750 and provide career opportunities for growth, and so on. 92 00:04:03,750 --> 00:04:05,720 What else would you say that young people 93 00:04:05,720 --> 00:04:09,700 need to do to prepare for the good jobs of the future? 94 00:04:09,700 --> 00:04:13,080 Thinking about investments in your own training and education 95 00:04:13,080 --> 00:04:16,990 over the course of your career is a really smart idea. 96 00:04:16,990 --> 00:04:18,910 One of the things people should be 97 00:04:18,910 --> 00:04:22,620 doing is asking their employers for what opportunities there 98 00:04:22,620 --> 00:04:24,920 are for advancement, asking your union 99 00:04:24,920 --> 00:04:29,510 what can you do to help support these kind of career ladders, 100 00:04:29,510 --> 00:04:33,540 looking into things like joint union and management programs 101 00:04:33,540 --> 00:04:35,520 that support these kind of career ladders. 102 00:04:35,520 --> 00:04:37,650 For example, there's programs that 103 00:04:37,650 --> 00:04:41,130 will help people go from a nursing assistant, to an LPN, 104 00:04:41,130 --> 00:04:42,580 to a registered nurse. 105 00:04:42,580 --> 00:04:45,620 And if you can think of supporting 106 00:04:45,620 --> 00:04:48,120 those kinds of trajectories, you can really 107 00:04:48,120 --> 00:04:51,230 carve out a career that really let's 108 00:04:51,230 --> 00:04:54,190 you punch the ticket to the middle class. 109 00:04:54,190 --> 00:04:56,520 I think that's good advice. 110 00:04:56,520 --> 00:04:59,200 Young people have lots of opportunities 111 00:04:59,200 --> 00:05:01,770 and they have to create new ones along 112 00:05:01,770 --> 00:05:03,789 with the partnership of the Department of Labor, 113 00:05:03,789 --> 00:05:05,830 and good employers, and good labor organizations. 114 00:05:05,830 --> 00:05:07,210 So thank you very much. 115 00:05:07,210 --> 00:05:09,520 It's been my pleasure.