Future state of employment...

[Krafty97grad]

Relates to a discussion originally on the AOTF. If accurate, a lot more people will shift from employer based health care to Obamacare. The slightly longer term impact will be on whether 4 year college educations are required to demonstrate professional capabilities / acumen. This might lead to more direct from high school internships / development supplemented with targeted training. The amount of transformation the next decade is about to drop in the US will be mind boggling.

https://www.cnbc.com/2020/07/25/op-...-offer-remote-work-at-price-of-staff-job.html

 

[TommyCracker]

Relates to a discussion originally on the AOTF. If accurate, a lot more people will shift from employer based health care to Obamacare. The slightly longer term impact will be on whether 4 year college educations are required to demonstrate professional capabilities / acumen. This might lead to more direct from high school internships / development supplemented with targeted training. The amount of transformation the next decade is about to drop in the US will be mind boggling.

https://www.cnbc.com/2020/07/25/op-...-offer-remote-work-at-price-of-staff-job.html

Supposedly the Trump administration is going to introduce their better version of the affordable care act. At least that's what was said when they repealed it during a massive health and economic crisis.

It's going to be a beautiful thing.

 

[Krafty97grad]

Supposedly the Trump administration is going to introduce their better version of the affordable care act. At least that's what was said when they repealed it during a massive health and economic crisis.

It's going to be a beautiful thing.

While Trump was able to slice at portions of the ACA, most of that likely quickly reverses if Biden is elected. If Trump is re-elected his engagement with employers will be interesting in confronting all of these emerging trends/challenges.

Another impact If formal employment transitions to contracting based work, retirement investment vehicles (401k, etc) would have significantly less participation likely resulting in two things, less money invested overall (for something that has likely buoyed wall st. Over the last 15-20 years) and more specifically retirement savings (unless it is believed the same cohort who contributes to a 401k today, would be equally diligent with savings via alternate vehicles). Thus, putting more pressure /dependency on post retirement social nets Social Security, Medicare for All, etc. The dependency is already increasing because the current 50-60 population is by most surveys /analysis significantly behind in retirement savings (as evaluated by median 401k savings, etc). The adjustments to IRA / 401k deposits to allow more contributions at 50+ has likely had little impact. Younger cohorts have had the benefits of 401k programs for all of their careers and therefore have higher comparable balances (further benefitted by wall st gains over the last 20 years).

 

[hoot1]

Many of the trends (I.e., contract workers, working from home, buying your own health insurance) mentioned in the Mullings piece were already occuring.

The pandemic just speeds up the inevitable.