4 Stocks To Gain From The Fast-Changing American Workforce

America’s growing digital economy is witnessing the emergence of a new pool of skilled workers, who are reshaping the traditional workplace. According to an Upwork report, 73% of all departments in the United States will accommodate remote workers by 2028.

American companies are gradually coming up with remote job opportunities that prioritize skills over employees’ presence at workplace. You could consider investing in a few stocks that are banking on this trend.

Emerging Technologies are Transforming Business

As more millennials and Gen Zs climb the corporate ladder, their expectations of workplace flexibility stand to reshape the nature of work. Young workers are likely to fill in 58% of the American workforce by 2028, which is 38% higher from present times.

The flexibility that young workers seek is offered by the penetration of new technologies at workplace. Technologies such as blockchain, machine learning and artificial intelligence are changing the way businesses function. This has made jobs both flexible and customizable to fit company requirements, thus making remote working easier.

In addition, as Internet users grow in number worldwide, demand for flexible remote jobs should also rise. The total number of global Internet users increased to 4,157 million in 2017 from 3,079 million in 2014, a Coherent market Insights report cited. Advancement in telecommunications technology is also a major factor boosting demand for remote working options.

More Industries Opting for Virtual Workers

According to a FlexJobs report, industries such as medical and healthcare, computer and information technology, business services, finance and accounting, and education and training are expanding to fit in more remote roles.

According to a Dice salary survey, at least 60% of tech workers said they would prefer remote work half the time or more. At present, the technology industry accommodates the highest number of remote jobs, with some tech companies even functioning with a complete virtual workforce.

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