3 reasons why career choices are more important than ever
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As children, we were often asked what we wanted to be later. Such inquiries have elicited responses such as space cowboy, ballerina, police officer and doctor, to name a few.
As we got older, however, our childhood ambitions morphed into more realistic choices, informed by the ever-changing world of work around us. With technology rapidly transforming every industry, the job market is undergoing a tremendous amount of change.
So why is your career choice more important than ever? To answer this question, we must consider various factors, all of which should contribute to decisions about our career path.
1. Some jobs are disappearing
Automation now dominates our realities in many forms – from automatic checkouts to customer service robots and even bots that hire and fire. While these advancements are aimed at improving and simplifying our lives, they also pose a threat to their human counterparts, who were put in charge of these jobs first.
As AI technology begins to replace workers in multiple industries and sectors, it is vital to choose a career that will not be caught in the fires of a technological revolution; you need to consider the possible impact that technology could have on your industry.
It is estimated that a large percentage of workers will need to change industries and acquire new skills to remain employable in the future. In fact, the McKinsey Global Institute found that 25% more workers than expected will have to change jobs. This is the result of the Covid-19 pandemic, which has pushed companies to embrace new work processes to stay afloat, accelerating their investments in AI and automation. For millions of workers, these changes could lead to the extinction of their roles sooner than expected.
Being foresight and taking proactive steps early in your professional journey could mean that you will find yourself working side-by-side with emerging technologies rather than being replaced by them.
Careers in healthcare, technology, engineering, education, and business are expected to grow exponentially, while sectors such as agriculture, catering, and manufacturing are more tech-sensitive.
But while task automation will lead to the extinction of some career paths, it will also lead to the creation of whole new occupations that will be needed in this tech-driven economy. In fact, it is estimated that more jobs will be created rather than lost through automation, according to one World Economic Forum Report.
This means that you might have your pick in careers that will not only survive these technological changes, but thrive on them. To do this, however, you must choose your profession diligently.
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2. Tuition fees go up
Beyond the future of work and the inevitability of automation, another important consideration when choosing a career is the constant increase in tuition fees, which make higher education less accessible.
The marked difference in median earnings between college graduates and high school graduates, as well as the higher unemployment rate observed in the latter group, make a college diploma an essential qualification in the labor market. ‘today, despite the exponential cost to get one.
These bewildering numbers indicate that what you choose to study in college is now a much bigger decision. Your degree is a long-term investment, and with the cost of higher education rising, knowing which career path you want to pursue will earn you a degree that will help you step through the door of the industry of your choice.
University education is more than just a tool for career advancement, but in this ever-changing economy, a college degree is undoubtedly a valuable asset for any job seeker.
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3. It paves the way for economic security
The earning potential of a profession is a major consideration for most when deciding on a suitable career. Choosing the right profession means that you will be able to have economic security, a factor that plays a key role in our overall well-being.
Indeed, a study of International Labor Office (ILO) have found that economic security is linked to personal well-being and overall satisfaction, both in your career and in your personal life. Therefore, a job that can provide you with financial stability could also have a direct effect on your happiness and prosperity.
As soon as you start working in the industry of your choice, you begin to lay the foundations on which you can build your career. As you gain more experience and skills, your earning potential will also increase and you will be able to compete and qualify for higher rank positions. In addition, by becoming an expert in your field, you will become more employable. This could motivate your employer to give you more incentive to stay with your company and could also make you an indispensable part of that organization, guaranteeing you job security.
All of this becomes a positive domino effect, which further contributes to improving financial stability and economic security.
Be strategic in your career choices
In a world where everything is constantly changing, choosing the right career can be a real challenge.
Automation, rising tuition fees, and the need for financial security should be important considerations during the decision-making process. However, you also need to allow other factors to inform your career choice – a future-proof career can be a great option in theory, but you also need to leverage your natural talents, skills and interests in order to to find a career that is truly right for you. you.
So while you need to be pragmatic in your decision, you also need to consider your personal ambitions and goals to find a career that is both timely and exciting.
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