The Bright Side Of The Labor Market: Coding (No Pocket Protector Required)
At first glance, the labor market looks dour for many Millennials and Generation Z. In a 2015 report by McKinsey, the International Labour Organization estimates that 73.4 million people aged 15-24 are jobless. At the same time there seem to be job vacancies, particularly in tech:
- Eight out of the 25 top jobs in America are tech positions (Glassdoor, 2016).
- According to Burning glass, a labor market analytics firm, 7 million job openings in 2015 required coding skills. They also found that programming jobs are growing 12% faster than the market average.
- Salary wise, jobs requiring coding skills pay up to $22,000 per year more than non-tech jobs (Burning Glass).
- Finally, coding reaps work-life balance benefits. According to a 2015 report by Glassdoor, six of the 10 top jobs offering greater work-life balance are in tech.