U.S. Economic Developments in the 21st Century: Sustaining the Living Standards of...

Societal changes in the U.S. over the past half ampere-second have been a stimulus for less frictional phratry mobility. As a result, there has been an expanding and affluent middle class. This paper will offer ideas about how future business leaders like myself can help employees maintain a higher(prenominal) modular of living, provide predictions about key industries that will respond as the backbone of the deliverance in the ordinal century and suggest policy steps to sustain the strength of the landed estates middle class workforce. A large part of the middle class in the U.S. enjoys a high standard of living as a result of numerous advancements in science, medicine and technology. A highly skilled workforce is the ass of economic growth. Educational attainment has become a obligatory for employment in many U.S. industries today. (Wolf, 2003) There are ii trends that are making the job market increasingly competitive. First, the demographic shift toward a graying market is a phenomenon in which workers often delay exiting the workforce in order to build plenteous savings to finance a longer retirement receivable to higher life expectancies than in the past.

(Age and Engage, 2009) Second, the entrance of more women into the workforce, including those in senior positions in business and government, in addition to women inveterate to also work in traditional fields, such as nursing, teaching and social work, has contributed to workforce participation and competition for jobs. (Asthana and Campbell, 2010) A variety of industries have strong prospects to thrive in the twenty-first century, many of which are still nonexistent. The U.S. has moved from an agricultural economy to a center for manufacturing tangible goods and is now a knowledge-centric economy that produces ideas. A typical company today has significant valuation stored in patents, inventions, software, marketing programs, skilled employees and other intellectual assets. (Halal, 2010) Advanced... If you indispensableness to get a full essay, order it on our website: Orderessay

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