Question
2 . Provide several examples of the effect of consumer preferenc es on employment. What are some jobs that have increased and decreased in importanc e due to consumer demands?(8.1.1)
Answer
4
(269 Votes)
Henrietta
Master · Tutor for 5 years
Answer
Consumer preferences have led to an increase in importance for tech-related jobs, healthcare professionals, and roles in the renewable energy sector, while decreasing the importance of retail salespersons, print media professionals, and traditional banking jobs.
Explanation
Consumer preferences significantly influence employment trends by shifting the demand for certain jobs and skills. As consumer demands evolve, industries adapt, leading to changes in the labor market.1. **Increased Importance**: - **Tech-Related Jobs**: The rising demand for digital services, including e-commerce, digital marketing, cybersecurity, and software development, has led to an increase in jobs within the tech industry. Consumers' preference for online shopping, digital content, and remote services drives this trend. - **Healthcare Professionals**: With an aging population and a greater focus on health and wellness, there's been a surge in demand for healthcare services. This includes doctors, nurses, therapists, and support staff in both traditional and emerging specialties (e.g., telehealth services). - **Renewable Energy Sector**: As consumer awareness and demand for sustainable and green products increase, jobs in the renewable energy sector, such as solar panel installers and wind turbine technicians, have become more prevalent.2. **Decreased Importance**: - **Retail Salespersons**: The shift towards online shopping has reduced the need for in-person retail positions. Many consumers prefer the convenience of shopping online, leading to a decline in jobs related to brick-and-mortar retail stores. - **Print Media Professionals**: With the digital transformation, there's been a decline in consumer demand for print media, impacting jobs related to newspapers, magazines, and book publishing. More people are consuming news and literature online, decreasing the need for printing and distribution roles. - **Traditional Banking Jobs**: The rise of online banking and financial technologies (fintech) has reduced the necessity for traditional bank tellers and related positions. Consumers opting for digital transactions over in-person banking contribute to this trend.