60.1K

Verified Solution

Link Copied!

Labor is a factor of production that firms purchase to use in the production of goods and services. The demand for labor helps determine your wage. Let's look into the future and see where the jobs are likely to be.

First take a look at this web page: 10 Best Jobs for Community College GraduatesLinks to an external site.

The 10 Best-Paying Jobs For Community College Grads (forbes.com) Now answer the following questions:

1. What is the best highest paying job for community college graduates according to Forbes?
2. What is the lowest paying good job for community college graduates?
3. Are you surprised by the salary amounts you can earn with a 2 year degree? Why or why not? Would you be happy with one of these jobs?

Now let's look at some employment projections by the Bureau of Labor Statistics.

Go to Bureau of Labor Statistics Occupational Outlook HandbookLinks to an external site.

Home : Occupational Outlook Handbook: : U.S. Bureau of Labor Statistics (bls.gov)

Now answer the following questions:

1. Look under "Browse Occupations," then select "Fastest Growing (Projected)." What occupation will have the highest growth rate from 2021 to 2031?
2. What occupation has the highest median pay, and what occupation lowest median pay 2021?
3. For those two occupations with the highest and lowest median pay, what is the difference in Typical Entry-Level Education? Click on the Occupation to see more detail.
4. Go back to the Home page of the Occupational Outlook Handbook. Now select "Most New Jobs (Projected) under Browse Occupations." What are the top 2 occupations projected to add the most jobs? What 2 occupations will add the fewest jobs? What is the difference in Typical Entry Level Education for those four occupation groups (2 highest and 2 lowest)? Click on the job title to find the answers.
5. Go back to the Home page of the Occupational Outlook Handbook. From the column on the left-hand side titled "Occupational Groups," select the occupation you might be most interested in. Click on its title, then click on an "Occupation" you might be interested in. Report 2021 Median Pay, Typical Entry-Level Education, and Job Outlook 2021 to 2031 (to find job outlook, click on the occupation title).

Answer & Explanation Solved by verified expert

See Answer