Best High Demand and High Paying Jobs to 2020
Job Increases in Key Industries
From January 2014 through December 2016, occupations in Truck Driving and Registered Nursing were the highest demand jobs in the United States. This led, in turn, to the opening of additional American truck driving schools and the hiring of more truck mechanics. Further. more people became Nurse Practitioners, boosting American Healthcare quality.
Aerospace Manufacturing and Medical Manufacturing began to expand in 2013 and jumped several notches from 2014 through 2016, despite some problems with launch rockets and 40-year-old Russian engines used in some American companies. Engines were replaced by American built units and, especially in Ohio, drone manufacturing and piloting increased numbers of new jobs in a nine billion dollar industry.
IT positions related to all industry sectors also increased.
Employment Projections in USA and UK
Setting aside some higher-paid corporate CEOs and self-employed entrepreneurs, Physicians, Specialists, and Surgeons, all representing the Healthcare Industry will likely continue to receive the highest salaries in America through 2020. However, this is probably true only if the new national healthcare reform laws of 2010 - 2011 do not change pay scales and Usual and Customary insurance reimbursement structures in a way that reduces income for these professionals.
A portion of medical practitioners mentioned above left the practice of general medicine and specialties in the 2000s, because of increasing malpractice insurance costs. Other physicians have begun to reject new patients that 1) are self-pay [have no insurance] or 2) receive Medicare coverage. If insurance reimbursements decline in the amounts usually awarded, then we may see additional physicians leaving the practice of medicine and medical specialties.
National employment projections for America were completed for the 2008 - 2018 decade and published in the fall of 2010 to replace projections for the 2006 - 2016 decade. While national projections for 2010 - 2020 will be released likely in 2012, some states and metro areas have already established such projections. Many of these include a high proportion of healthcare professionals.
The United Kingdom already has a set of employment projections for 2020 in London. the document is called Destinations 2020 and predicts that the UK will follow London in its economic and job growth to 2020.
We will have a look at salaries of the highest paying jobs in both the USA and UK among these projections mentioned above.
Highest Paying Jobs to 2018 in the USA
According to the US Federal statistics in employment projections to 2018, the US has only seven job titles categories as Very High Wages:
- Network Systems and Data Communications Analysts. 53+% increase in jobs. Bachelor's degree.
- Computer Software Engineers, Applications. 34% increase. Bachelor's degree.
- Management Analysts. 24% increase. Bachelor's or Advanced and work experience.
- Registered Nurses (RNs). 22.2% increase. Associates degree, 3-yr RN, or 4-yr BSN.
- Physicians and Surgeons. 21.8% increase. Professional degree(s)
- Accountants and Auditors - includes Forensic Accounting. 21.7% increase. Bachelor's degree.
Post-secondary (College/University/Training) Teachers with a Doctoral Degree. 15% increase.
Among the American high demand jobs listed above, the first three are involved in IT (Information Technology). Two are in Healthcare, one in Accounting, and one in Higher Education.
The two IT positions are predicted to increase at much higher rates than any of the others in the list. This is particularly true of the Network Systems occupations and Systems and Software positions appearing in Healthcare, Management Analysis, Accounting, and Education.
Aerospace Manufacturing Jobs 2016 - 2025
Aerospace manufacturing jobs are expected to increase quickly from 2017 - 2025, as space exploration and aerospace business ventures increase in numbers. Important companies for this are the following entities, many of them in the NASA Commercial Crew:
- Lockheed Martin
- UTC Aerospace Systems
- Northrop Grumman
- Pratt & Whitney
- Parker Hannifin Corporation
- UTC Climate Controls & Security
- GKN Aerospace
- Aerojet Rocketdyne
- Planetary Resources
- The Aerospace Corporation
- Orbital ATK
Highest Paying Jobs in the UK to 2020
New jobs are expected to increase in London by 540,000 positions by 2020. The highest demand jobs from 2010 – 2020 are expected to be those in the following list.
Note that Professional and Management positions are expected to account for over half of these new jobs. The relevant data was analyzed by the London Development Agency at lda.gov.uk/.
- Managers and Senior Officials of Companies
- Professional jobs
- Personal Service jobs
- Retail Sales
- Customer Service Representatives and similar
- Entry Level positions in a number of industries
The first two categories of the set of six high demand jobs above, In management and Professions (including Business Analysts, Financial Directors, solme IT Positions, some Physicians, and others) will produce the highest salaries
Jobs Expected to Decline:
- Administrative jobs and Secretaries
- Skilled Trades
- Plant and Machine Operations jobs.
The London Development Agency (LDA) is instrumental in the planning and implementation of the 2012 Olympiad and Paralymics in London. This includes many facets, but notably a park project post-games and a volunteer program connected to the games that train the unemployed in needed skills to fill new jobs.
How About Jobs in Australia? Agricultural Worker Shortages
Job openings in Australia increased from 2014 - 2018 (Business Insider Australia, November 5, 2018), but the government modified immigration laws to help farmers meet harvesting crew needs during autumn 2018. Foreign backpackers and other working visitors to the country can now stay longer, provided they help fill farming job shortages, according to The Guardian.
In fact, these guests on working holidays can triple the length of their stays if they perform agricultural work and they can skip the previously required return to their home countries every six months. This is a radical way of handling worker shortages.
Automotive and Other Industries
Meanwhile, recruiting agencies are enticing Irish nationals in Australia back home to work because they are needed in Ireland in 2018 - 2019.
Early on November 5, 2018, it was reported that Australia needs 100,000 more workers in its automotive industry (The Advertiser, November 5, 2018). Moreover, Australia's version of Indeed.com advertised many jobs needing no experience or college degrees, and offering a salary of $100,000, largely in Sydney, Melbourne, and Brisbane (Daily Telegraph, November 4, 2018).
High Wage Jobs in Australia
During the summer of 2010, news from the respected business economy publication BLOOMBERG BUSINESSWEEK (reference link) was that Canada and Australia seemed little touched by the Recession of 2008-2010.
- Carey, A. Australia Post braces for ‘record Christmas’ with scores of casual positions. News.com.au; November 5, 2018. https://www.news.com.au/finance/work/careers/australia-post-braces-for-record-christmas-with-scores-of-casual-positions/news-story/63fdf0b81bf3041da36814c7af2b18ed. Retrieved November 5, 2018.
- Davidson, H. Australia to relax working holiday visas for backpackers and Pacific Islanders. The Guardian. November 5, 2018.
- Inglish, P. Attendance at Active Air Force Civil Air Patrol educator training weeks in Michigan and Ohio; August 2013, August 2017, August 2018.
This article is accurate and true to the best of the author’s knowledge. Content is for informational or entertainment purposes only and does not substitute for personal counsel or professional advice in business, financial, legal, or technical matters.
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© 2011 Patty Inglish MS