The Secret To Creating New High-Paying Jobs In America

Productivity is the most important factor in the creation of new high value and high-paying jobs in America. When productivity rises, the cost of American goods and services become less expensive than those of other countries. As a result, exports grow and the standard of living rises because people can afford to buy better goods and services. This then results in an increase of employment, derived from the initial increase in productivity.

As a concept, the impact of productivity on jobs may be hard to visualize, yet it can be applied to nearly any type of job or business. For example, a landscaping business begins with a simple push mower and a customer. As sales grow, you replace the push mower with a riding lawn mower and are able to take on additional jobs. You also invest in other machinery, like a hedge trimmer and weed whacker, so that you can provide more services and earn more money in the same amount of time it took you to cut the lawn with your push mower.

As your landscaping business continues to grow, you purchase a backhoe and larger equipment. These investments bring about the need to hire more skilled labor, like a person with training in heavy machinery, to ensure your equipment is used properly and safely. As the business grows, you need to hire additional staff members to ensure other tasks are completed properly, including bookkeeping, legal, and hiring. These positions demand a pay increase, typically a larger amount than those pushing the lawn mowers.


Productivity's Ripple Effect

The need for high-skilled workers results in a ripple effect of high-skilled job creation, because there is now a higher demand to fill these positions with the best candidates. This results in a higher need for teachers and educational institutions to provide the education needed for candidates looking to fill these positions. A simple lawn-care business that multiplies can have a domino effect, requiring more productive engineers, better-educated mechanics at the equipment manufacturers, and skilled office workers. The end result is a virtuous cycle that creates jobs with better wages.

The effect of productivity on job creation goes far beyond the simple example of a lawn care business. Improved productivity has a positive effect on both quality and value. For example, in the late 1980s, the ATM dramatically improved banking. Nowadays, many of us cannot remember the last time we actually set foot in a bank. The ATM offered unlimited accessibility, faster processing, greater security, and fewer errors. It created numerous high-skilled jobs in technology, telecommunication and data-analytics. It also transformed the role of bank teller from high-speed cashier to relationship-builder and customer service manager. Today, a bank teller's job involves less quota-driven frenetic work; instead, the focus of bank tellers can be on engaging customers and providing a more personal interaction.

The future of productivity in the U.S. holds great promise in creating new jobs. In the same way the Internet dramatically changed the current job market, productivity is changing the future job market. New jobs encompass hard-skilled positions, such as data-informatics as well as soft-skilled positions, like social media consultants. It is important to understand your core skills and competencies and learn how to adapt them to the new labor market. With productivity impacting the job market, workers need to put an emphasis on their ability to adapt to these changes.


Thriving On Innovation

Future breakthrough innovations will continue to reshape job opportunities. Remote workforces are becoming the standard as both products and services become virtualized. The music and bookstore industry has moved into the virtual sector. Even banking and ATM capabilities are offered online, allowing the bank teller to act as an online associate who can work remotely and provide concierge-style services for any banking need.

Without question, change can create significant uncertainty and anxiety, particularly when changes affect an individual's job and their means of income. In addition, many invest a significant amount of time, energy and passion to become an expert in their current field. The need for highly specialized workers equates to workers adapting and re-purposing themselves multiple times throughout a career. Often, workers will gain familiarity with a new skill and then be forced to master a slightly different specialty once the change affects their position.

In today's market, the rate of change has accelerated, and staying relevant requires continuous improvement. The U.S. is a country thriving on innovation and productivity to fuel economic growth and create wealth. From Henry Ford to Apple, the ability to innovate faster and better than any other country serves as the source of our success. Change is essential to productivity; therefore, embracing the change is more important than ever. The light at the end of the tunnel is a more fulfilling, rewarding and higher paying job.



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judysphil

The one thing that folks don't talk about is big business hiring the unemployed in America - instead of outsourcing highly skilled jobs overseas...

50 small business could hire what one big business could employee...

October 06 2011 at 5:52 AM Report abuse rate up rate down Reply
Lee

I thought the mesiah Obama was going to create jobs

October 06 2011 at 5:49 AM Report abuse rate up rate down Reply
Debbie Jo Jacobs

It's easy to be an expert after 10 years of experience in the health care business. Health care is not an industry of production it is a service industry and is not subject to the same rules as a manufacturing industry. The US manufacturing industry is all ready one of the worlds most productive industries. We need tariffs and the repeal of NAFTA.

October 06 2011 at 5:44 AM Report abuse +1 rate up rate down Reply
Tracey L. McNeel

There is no secret in knowing what it takes, besides having a true innovative to creative mind set in opening more job positions, but the concern to why there are more poor people versus the white colllar classes is only due because of their GREED, GLUTTONY and pure selfishness in the limitiations of allowing a lot more persons to have better incomes in order to have a semi-secent lifestyle. The expression as more than likely mentioned years ago; "He is like a Jew, trying to make a Dollar out of .15 cents". And the White Collar Classes are yet still like this in the present; ripping off to abusing the labors and rights toward the lower classes as I also say, that the White Collar Classes are abusing their welcome.

October 06 2011 at 5:38 AM Report abuse rate up rate down Reply
dfvboulder

The problem is misstated. Productivity has been rising for years. However, wages have not kept pace. Until they do, we will have no "virtuous cycle" that the author describes.

THAT is what is destroying the middle class in America -- and along with it, the economy.

October 06 2011 at 5:10 AM Report abuse rate up rate down Reply
metusmetu

I'VE GOT AN IDEA FOR SOME NEW JOBS, HOW ABOUT SOME JOBS FOR "FOOD INSPECTORS"!!! SO WE'LL ALL QUIT DIEING OF FOOD POISONING, LIKE FROM CANTALOUPES!!!!!!!!!!!!

October 06 2011 at 4:29 AM Report abuse rate up rate down Reply
Hello Mr. Ponce

America should accept for a fact that China wants to destroy America in a slow and peaceful way. That is True and that is happening inside our noses. They play "beautiful America Song when they launched their satellite. America cannot boast their technology because they copy them. China will be the next most powerful country on earth and will reign longer than the US or Spain. The Anti Dumping that US Imposed on Bedroom importers befitted the Communist owned companies leaving many Taiwan and other furniture factories closed. America should be focused on what it should do because China is already for a while Aimed at America.

October 06 2011 at 4:24 AM Report abuse +1 rate up rate down Reply
aripalda

Enough with all these "Buy America" BS. We need to sell American products all over the world. That is how you bring back manufacturing. You beat China by becoming China and upping them one. Look at what the competitors of Walmart are doing. They are making their stores more of a one stop shop place. The difference between US and China is that we have better technology and we have better quality control.
The main reason most people are rationing and saving instead of buying goods and services is because their pay has gone down quite a bit and there is that fear of getting laid off. Force employers to hire and subsidy employee wages for a year, and guaranteed demand for goods and services will come back.

October 06 2011 at 4:06 AM Report abuse rate up rate down Reply
1 reply to aripalda's comment
metusmetu

You're joking, ....right?

October 06 2011 at 4:31 AM Report abuse rate up rate down Reply
d1k2van

How many jobs have you snuffed out today? Sounds like a great T-shirt doesn't it! Now theres a business opportunity.

October 06 2011 at 4:02 AM Report abuse rate up rate down Reply
viclawtaylor

Total bullshit!

October 06 2011 at 3:53 AM Report abuse rate up rate down Reply

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