Future Economy: What the Next Ten Years Will Be Like for Job Hunters

The future economy is likely to be a much kinder place for job hunters than the clumsy, semi-modernized job market of the past. That's partly because job hunting is becoming more efficient, but it's also because of different and New Economy model.

The New Economy

The New Economy differs from the old in the same way that a jet fighter differs from a skateboard. Everything is done differently, including the jobs. People can work at home, or wherever, at need. They can also work at a fraction of the real cost of old economy jobs. That is drastically altering the workplace dynamics, and lowering the cost of employing people.

Lower costs mean more jobs, and more options. In the old employment market, employers and employees were committed to a single job, a single workplace, with all the overheads and built in costs. That model worked 50 years ago, but it's a major liability now. In the next 10 years, those business models will have joined the dinosaurs.

For employers, the old methods have effectively made hiring people a punitive exercise, and have resulted in the general stagnation of old style businesses. They can't compete with New Economy businesses operating on fractions of their costs. They're also carrying large amounts of asset and liability baggage in the form of distribution, services, and production costs. The mere fact of being in business in that form is costing them a lot of money. 

For employees, it's meant severe insecurity in bad economic times and not much room for maneuver in career terms. People in old style low or middle scale jobs usually can't get out of them, can't train, and can't progress. They can barely participate, in economic terms, which is another big drag on the economy.

Cost Effective Models

The New Economy is based on far more cost effective methods. The much-maligned employment contract has been reinvented as a degree of commitment, not a conceptual straitjacket, for employers and employees. Work, salaries, and values can now be customized to realistic cost bases. Employees can have multiple jobs, and employers can sign up experts on viable contracts they wouldn't have been able to consider previously.

Many professionals have long since ditched their old style work methods for simple, efficient business based on a laptop and a phone. Large outsourcers are entering the market providing services for companies which don't require expensive offices and endless outlays.

Job hunting in the next decade

This is an ongoing process, and it's removing the obstacles to job hunters on an hourly basis. There are some noticeable trends emerging:

  • New Economy jobs are becoming the main mode of job creation.
  • Technology is abolishing old style jobs in record numbers.
  • Recruitment is now niche-based, with professionals going direct to employment nets in their areas of specialty.
  • Employers are now actively recruiting online, with much better targeted employment programs.
  • Even the big job boards are losing ground to the more targeted recruitment methods.
  • Training is now much more accessible. Major colleges are developing online training and remote learning at degree levels.
  • Many of the old, low paying, dead end jobs are being abolished by automation and better business operations.