First and last sentences from an article in today’s WSJ titled “Even-In-A-Recovery-Some-Jobs-Won’t-Return”.
Even when the U.S. labor market finally starts adding more workers than it loses, many of the unemployed will find that the types of jobs they once had simply don’t exist anymore.
. . . Harvard’s Mr. Katz warns that past experience suggests. . . conjecture is likely fruitless. “One thing we’ve learned is that when we attempt to forecast jobs 10 or 15 years out, we don’t even get the categories right,” he says.
In other words, the economy is so fluid, it’s illogical to plan on having any particular job.
So what are young people to do?
I have lots of thoughts on the subject, but I’m curious about what you think?