jeanontheroad said:
The well-paid jobs are going to go to those who have higher education or special training in the right fields.
The trick here is determining what training the next generation is going to need for the new high paying jobs that simply don't exist today.
Also in the realm of specialized training, certain niche jobs can prove to be surprisingly resistant to economic fluctuations. Certain sectors of the entertainment industry, specifically the special events side of the industry, and regional theatres that rely on donors for their survival have really been struggling. But even as event companies and regional theatres have had to cut staff or close down entirely, there is still a significant demand for qualified stage technicians.
My own job, due mostly to the somewhat unique nature of the show that I work on, requires a highly specialized skill set. This means that at least for the foreseeable future, my job is secure. If I were to quit my job tomorrow, the company I work for would be hard pressed to find someone with the same skills I have. I am not the best electrician on the planet, nor am I the best stage lighting technician out there. But take the world's best electrician or the best lighting technician and put him in my job, he'd be overwhelmed, simply because non-standard techniques, along with skills that aren't covered in either of these skill sets are needed to do the job.
Now the flip side of this is that because I have such a unique set of skills, if I were to lose my job tomorrow, I would have a hard time finding a new one, largely because many of the skills I've learned don't really translate to the rest of the industry. Also, as with others who have full time, staff positions in the industry, because I've been in my current job for close to fifteen years, I really haven't kept pace with changing technology in the wider entertainment industry. This would put me at a serious disadvantage when competing against other, often younger, and quite possibly more qualified techs.
Now, the company I work for has weathered the recent economy fairly well. Raises have been smaller and less frequent, but as long as we continue to sell out and I remain an asset to the company, my job is secure and I can continue to do what I love and not have to worry about the previous paragraph actually coming about.
It's kind of a long winded way of coming to a point, but I'm trying to illustrate that if enough of the next generation can find the right niche markets, they just may find themselves in a good position to ride out the next economic down turn.