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Roles such as veterinarian, groomer, behaviorist, product designer and developer, nutritionist and shelter worker are all possible employment growth areas in this space.

Outline of industry

By 1998, the situation had deteriorated to a point where it was inevitable the building would have a catastrophic eruption, says Bischoff. "If we didn't get active soon, we would be dealing with pipes rupturing as they neared the very end of their life expectancies."

According to data from the U.S. Bureau of Labor Statistics and others, these sectors are driving the economy forward in 2024 and paving the way for a brighter future.

The future of the global economy likely lies in artificial intelligence (AI). According to research from Stanford University, private investment in generative AI projects nearly octupled in recent years — reaching more than $25 billion in 2023. Through automation, improved data analysis capabilities and predictive analytics, AI is helping businesses become faster and more efficient while cutting costs. It's also begun to revolutionize industries such as healthcare, finance and transportation.

Hospitals and health systems will have to hire more doctors and nurses, along with support staff, to meet these demands. New laws will also cause an increased need for insurance policies. In recent years, for example, many states mandated that employers cover their employees' contraception costs under their health plans, which led to more young people seeking birth control coverage.

Industry sector

One way to mitigate the disruption to the shareholders is to hire a contractor who can work behind the riser replacement crew, repairing walls, and, as much as possible, replacing tiles that are taken down. At 33 Fifth Avenue, the board hired a general contractor, distinct from the company doing the riser job, to put back bathroom walls, tiles, and cabinetry.

Ecommerce sales accounted for more than 15% of all global retail sales, and the Census Bureau estimated the industry to be worth $1.1 trillion at the end of 2023. High-growth jobs include shipping and facilities support staff, ecommerce specialists and sales directors, in addition to entrepreneurs starting their own online stores.

Industry example

Data breaches and cyber attacks both saw upticks in 2023, as criminals made off with more than $8 trillion. The result is a booming cybersecurity sector intended to shield customers from such attacks and integrate security systems across divisions. The BLS expects jobs in information security — with an average annual salary above $120,000 — to grow 32% in the coming decade.

A sector intimately tied to other growing industries such as green energy, construction is in constant demand and saw growth in every major segment, especially manufacturing, by the beginning of 2024. From factories to housing to roads, the construction industry is building it all.

As more consumers turn to online platforms for shopping, businesses are quickly adapting to meet this demand. Companies like Amazon, Walmart and Target invest heavily in online efforts to serve their customers better. With more people using the internet to shop and take advantage of discounts, economists expect the online retail sector — with roles in customer service, logistics, supply chain and web development — to continue growing. Shipping and delivery, another fast-growing sector, is also central to the online retail economy.

The world is changing rapidly, and with it, the industries that drive the global economy. In recent years, sectors such as artificial intelligence (AI) have seen explosive growth, with the AI market expected to reach $407 billion by 2027, according to MarketsandMarkets. But AI isn't the only area seeing expansion. Healthcare, travel, online retail and green energy are all booming industries that are putting people to work and driving profits around the globe.

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Robert Bischoff, a shareholder in the 15-story, 60-unit co-op at 33 Fifth Avenue, vividly recalls the warning the board gave the shareholders when it was trying to convince them to pay for a full replacement of the building's antiquated plumbing system: it was a "ticking time bomb" and a costly and devastating eruption could happen at any time. It was hardly an exaggeration. As early as 1986, when the building was converted into a co-op, the new shareholders were warned that the plumbing needed to be replaced. "We had an engineer come in and evaluate what work would need to be done and he prepared a prioritized list of major capital improvements," recalls Bischoff, now the board president. "We put this off as long as we could, because it was the most disruptive and the most expensive." As the years passed, however, the ancient pipes began acting up. Apartment renovations revealed risers that were paper-thin, water pressure that was low, and an unusually high level of pipe corrosion. Low water pressure and discolored water are warning signs that risers need to be replaced. By 1998, the situation had deteriorated to a point where it was inevitable the building would have a catastrophic eruption, says Bischoff. "If we didn't get active soon, we would be dealing with pipes rupturing as they neared the very end of their life expectancies." The shareholders approved the project, bids were drawn up, and, after a year-long search, a contractor was hired. By 2002, the work finally began. Today, Bischoff estimates that the work on all the lines will be finished by early spring of this year. "We could have done it at a faster pace, but just for financial reasons, we opted to stretch it out. It's actually going pretty well, despite the cost," which will come in at just under a million dollars. Opening Up Walls--and a Can of Worms The last thing a board wants to deal with is problems with the risers. Opening up walls means opening up a can of worms with residents: not only does it create a mess, with dust and debris everywhere, but it means barreling through decorative finishes that homeowners have paid lots of money to have carefully and lovingly installed. Richard Posner, a consulting engineer, warns that boards need to marshal all their efforts in presenting the issue to shareholders and then overseeing the flow of the replacements itself. "It has to be very carefully planned--like a military campaign." Shareholders need to understand that the work is critical. They should appreciate that they will be inconvenienced as contractors replace the hot and cold risers that run behind the bathroom and kitchen walls. Tile has to come down, cabinetry has to be removed, and walls must be opened for workers to get at the pipes. If possible, says Posner, the board should try and time the replacement with ongoing renovations in shareholder apartments. "It's best if someone is doing an alteration and their bathroom is already gutted and the riser is accessible. Kitchen lines probably run behind the cabinetry so you have to take out the cabinetry and then put it back." The project can quickly become a mess, so any board that is planning on tackling a riser replacement in a building needs to be good at planning an involved project and then seeing it through. All at Once Replacement So when is it time to replace risers, and can you do them piecemeal? Most engineers recommend that the replacement be done all at once, with the board tackling each separate line in the building, from bottom to top. Otherwise, the workers run the risk of creating more problems by attaching new risers to old risers and causing breaks on the line. "Where people have tried to correct one floor, they create a break on another. There are times when it comes time to bite the bullet," and completely replace everything, notes engineer Christopher Kelly, the principal of his own firm. Full replacements can be expensive, however, as the shareholders of 33 Fifth Avenue have learned. But in the long run, say engineers, the building will be better off. "It's always cheaper to do a full replacement," maintains Peter Varsalona, a principal with RAND Engineering, who is serving as the consulting engineer for the property. While replacing risers may be straightforward, getting access to them is time-consuming and expensive. So how does a board know when it should begin to tackle a riser replacement? Low water pressure on the upper floors is the first warning sign, as is debris in the water—pieces of corroded pipe that are being flushed through the branch lines and through the fixtures, into sinks, showers, and bathtubs. Knowing the age of the building's pipes and their make-up is also important: galvanized steel pipes last only about 50 years, while brass lasts about 70 years; copper, longer than that. "Generally, you would go back to what was the original composition of the piping? How well has it been maintained? Has it corroded? Is the water pressure maintained?" asks Kelly, ticking off the questions a board should be asking its physical plant manager or an engineer. "It's a simple process, and yet at the same time, it's fairly complicated, dealing with an existing system. Running the piping isn't that difficult. It's opening up the wall, removing the old pipe and putting in the new pipe" that gets messy and complicated. Ripping Out Walls and Floors While replacing the risers in and of itself may be straightforward, getting access to them is time-consuming and expensive to the homeowners. Walls and floors are ripped out to allow contractors access to the pipes in the bathroom and kitchen, and for those co-op owners and condo owners who have paid for extensive renovations, it can be "very disheartening" to see all their work torn apart, as one engineer puts it. "It's very important to give [the shareholders] as much information as possible. That was one thing we got wise to, allocating time for night-time meetings," says Varsalona. Those gatherings were critical in addressing shareholders' concerns and ensuring support for the project. One way to mitigate the disruption to the shareholders is to hire a contractor who can work behind the riser replacement crew, repairing walls, and, as much as possible, replacing tiles that are taken down. At 33 Fifth Avenue, the board hired a general contractor, distinct from the company doing the riser job, to put back bathroom walls, tiles, and cabinetry. "We asked [the shareholders] if they had a specific tile, if they could track it down, and then we would have the general contractor replace it," explains Adam Zerka, the building's property manager. While the building paid for all the work done by the general contractor in replacing tiles and cabinetry after the plumbing work was done, shareholders who hired their own contractors to remove expensive cabinets or tiles and then replace them bore that cost themselves, says Zerka. Over the four years that the risers were discussed, the shareholders were told "that we would never be able to recreate what was ripped out," explains Zerka. Shareholders were urged to hire their own contractors if they had ornate cabinetry or tiles they wanted removed before the renovation, and then to replace them after the renovation. In the end, the most important aspect of the job was explaining it thoroughly to the shareholders. "It's a very intrusive project. You're ripping up walls, creating a lot of dust, a lot of debris," says Zerka. "We tried to give people as much of a heads up as possible." From start to finish, "it's a lot of work—a lot of planning, a lot of monitoring and a whole lot of luck. When you are opening up walls, you never know what you are up against." From the May 2004 issue of Habitat magazine. MORE ARTICLES

Information industry

Health care is a rapidly growing industry in the U.S., with the Bureau of Labor Statistics (BLS) projecting it will make up 45% of all job gains in the U.S. over the 2022-32 decade. People are living longer and our population is growing, meaning more demand for health insurance and people to fill jobs in the health care (and especially home care) industry: personal care aides, nurse practitioners, medical service managers.

By Christopher Massimine Edited by Micah Zimmerman May 16, 2024

Shareholders need to understand that the work is critical. They should appreciate that they will be inconvenienced as contractors replace the hot and cold risers that run behind the bathroom and kitchen walls. Tile has to come down, cabinetry has to be removed, and walls must be opened for workers to get at the pipes. If possible, says Posner, the board should try and time the replacement with ongoing renovations in shareholder apartments. "It's best if someone is doing an alteration and their bathroom is already gutted and the riser is accessible. Kitchen lines probably run behind the cabinetry so you have to take out the cabinetry and then put it back." The project can quickly become a mess, so any board that is planning on tackling a riser replacement in a building needs to be good at planning an involved project and then seeing it through.

From turbines to Teslas, green energy is still seeing major market growth around the globe. According to the International Energy Agency, clean energy accounted for 10% of GDP growth — around $320 billion — globally in 2023. That means there are plenty of opportunities to make a profit while helping the planet.

While replacing the risers in and of itself may be straightforward, getting access to them is time-consuming and expensive to the homeowners. Walls and floors are ripped out to allow contractors access to the pipes in the bathroom and kitchen, and for those co-op owners and condo owners who have paid for extensive renovations, it can be "very disheartening" to see all their work torn apart, as one engineer puts it. "It's very important to give [the shareholders] as much information as possible. That was one thing we got wise to, allocating time for night-time meetings," says Varsalona. Those gatherings were critical in addressing shareholders' concerns and ensuring support for the project.

Industry LIST

Full replacements can be expensive, however, as the shareholders of 33 Fifth Avenue have learned. But in the long run, say engineers, the building will be better off. "It's always cheaper to do a full replacement," maintains Peter Varsalona, a principal with RAND Engineering, who is serving as the consulting engineer for the property.

"Generally, you would go back to what was the original composition of the piping? How well has it been maintained? Has it corroded? Is the water pressure maintained?" asks Kelly, ticking off the questions a board should be asking its physical plant manager or an engineer. "It's a simple process, and yet at the same time, it's fairly complicated, dealing with an existing system. Running the piping isn't that difficult. It's opening up the wall, removing the old pipe and putting in the new pipe" that gets messy and complicated.

If you love to travel, consider a career as an agent or guide who helps others plan their trips – just make sure you're certified by your local government to become a tour guide (usually required for historical sites). If you aren't interested in working directly with tourists but still want to help with travel, become an agent for a company specializing in international flights and accommodations.

So how does a board know when it should begin to tackle a riser replacement? Low water pressure on the upper floors is the first warning sign, as is debris in the water—pieces of corroded pipe that are being flushed through the branch lines and through the fixtures, into sinks, showers, and bathtubs. Knowing the age of the building's pipes and their make-up is also important: galvanized steel pipes last only about 50 years, while brass lasts about 70 years; copper, longer than that.

This scarcity is nothing new. In 2022, McDonald's announced a "Farewell Tour" for the McRib, suggesting that it might be the last time customers could get their hands on it.

In 2018, the United States Supreme Court struck down a federal ban on sports betting, giving way to a massive online gambling industry now present in 38 states and the District of Columbia. S&P Global found that Americans wagered more than $119 billion on legal sports betting in 2023, driving more than $10 billion in revenue. Roles such as risk manager, software developer, customer service representative, marketing specialist, data analyst and trader are all growing, as is the need for digital security.

After a significant pandemic dip, construction jobs are plentiful and growing. Expect to see available roles such as construction project manager, renewable energy construction worker, health and safety manager, construction technologist and sustainability specialist — in addition to all of the carpenters, ironworkers, painters and other tradespeople on construction sites.

The shareholders approved the project, bids were drawn up, and, after a year-long search, a contractor was hired. By 2002, the work finally began. Today, Bischoff estimates that the work on all the lines will be finished by early spring of this year. "We could have done it at a faster pace, but just for financial reasons, we opted to stretch it out. It's actually going pretty well, despite the cost," which will come in at just under a million dollars.

The Inflation Reduction Act set aside billions of dollars for clean energy projects, which will create more jobs for solar panel installers, technicians, construction workers, engineers and supply chain specialists.

Type of industry

Many AI-related jobs are surging. Programmers (especially those who know Python), computer scientists, data analysts, software engineers and project managers are all in high demand.

The last thing a board wants to deal with is problems with the risers. Opening up walls means opening up a can of worms with residents: not only does it create a mess, with dust and debris everywhere, but it means barreling through decorative finishes that homeowners have paid lots of money to have carefully and lovingly installed. Richard Posner, a consulting engineer, warns that boards need to marshal all their efforts in presenting the issue to shareholders and then overseeing the flow of the replacements itself. "It has to be very carefully planned--like a military campaign."

"We asked [the shareholders] if they had a specific tile, if they could track it down, and then we would have the general contractor replace it," explains Adam Zerka, the building's property manager. While the building paid for all the work done by the general contractor in replacing tiles and cabinetry after the plumbing work was done, shareholders who hired their own contractors to remove expensive cabinets or tiles and then replace them bore that cost themselves, says Zerka. Over the four years that the risers were discussed, the shareholders were told "that we would never be able to recreate what was ripped out," explains Zerka. Shareholders were urged to hire their own contractors if they had ornate cabinetry or tiles they wanted removed before the renovation, and then to replace them after the renovation.

Our furry friends are driving big global profits, with the pet care industry worth an estimated $303 billion in 2023, according to Michigan State University. Part of this is due to the pandemic — nearly one in five Americans adopted a pet during that time — and growth has been steady ever since. With more people returning to offices, the demand for dog walkers, sitters, daycares and training has increased.

It was hardly an exaggeration. As early as 1986, when the building was converted into a co-op, the new shareholders were warned that the plumbing needed to be replaced. "We had an engineer come in and evaluate what work would need to be done and he prepared a prioritized list of major capital improvements," recalls Bischoff, now the board president. "We put this off as long as we could, because it was the most disruptive and the most expensive." As the years passed, however, the ancient pipes began acting up. Apartment renovations revealed risers that were paper-thin, water pressure that was low, and an unusually high level of pipe corrosion.

The domestic piping upgrade at 33 Fifth Avenue entailed replacing corroded galvanized steel pipes with copper piping. Robert Bischoff, a shareholder in the 15-story, 60-unit co-op at 33 Fifth Avenue, vividly recalls the warning the board gave the shareholders when it was trying to convince them to pay for a full replacement of the building's antiquated plumbing system: it was a "ticking time bomb" and a costly and devastating eruption could happen at any time. It was hardly an exaggeration. As early as 1986, when the building was converted into a co-op, the new shareholders were warned that the plumbing needed to be replaced. "We had an engineer come in and evaluate what work would need to be done and he prepared a prioritized list of major capital improvements," recalls Bischoff, now the board president. "We put this off as long as we could, because it was the most disruptive and the most expensive." As the years passed, however, the ancient pipes began acting up. Apartment renovations revealed risers that were paper-thin, water pressure that was low, and an unusually high level of pipe corrosion. Low water pressure and discolored water are warning signs that risers need to be replaced. By 1998, the situation had deteriorated to a point where it was inevitable the building would have a catastrophic eruption, says Bischoff. "If we didn't get active soon, we would be dealing with pipes rupturing as they neared the very end of their life expectancies." The shareholders approved the project, bids were drawn up, and, after a year-long search, a contractor was hired. By 2002, the work finally began. Today, Bischoff estimates that the work on all the lines will be finished by early spring of this year. "We could have done it at a faster pace, but just for financial reasons, we opted to stretch it out. It's actually going pretty well, despite the cost," which will come in at just under a million dollars. Opening Up Walls--and a Can of Worms The last thing a board wants to deal with is problems with the risers. Opening up walls means opening up a can of worms with residents: not only does it create a mess, with dust and debris everywhere, but it means barreling through decorative finishes that homeowners have paid lots of money to have carefully and lovingly installed. Richard Posner, a consulting engineer, warns that boards need to marshal all their efforts in presenting the issue to shareholders and then overseeing the flow of the replacements itself. "It has to be very carefully planned--like a military campaign." Shareholders need to understand that the work is critical. They should appreciate that they will be inconvenienced as contractors replace the hot and cold risers that run behind the bathroom and kitchen walls. Tile has to come down, cabinetry has to be removed, and walls must be opened for workers to get at the pipes. If possible, says Posner, the board should try and time the replacement with ongoing renovations in shareholder apartments. "It's best if someone is doing an alteration and their bathroom is already gutted and the riser is accessible. Kitchen lines probably run behind the cabinetry so you have to take out the cabinetry and then put it back." The project can quickly become a mess, so any board that is planning on tackling a riser replacement in a building needs to be good at planning an involved project and then seeing it through. All at Once Replacement So when is it time to replace risers, and can you do them piecemeal? Most engineers recommend that the replacement be done all at once, with the board tackling each separate line in the building, from bottom to top. Otherwise, the workers run the risk of creating more problems by attaching new risers to old risers and causing breaks on the line. "Where people have tried to correct one floor, they create a break on another. There are times when it comes time to bite the bullet," and completely replace everything, notes engineer Christopher Kelly, the principal of his own firm. Full replacements can be expensive, however, as the shareholders of 33 Fifth Avenue have learned. But in the long run, say engineers, the building will be better off. "It's always cheaper to do a full replacement," maintains Peter Varsalona, a principal with RAND Engineering, who is serving as the consulting engineer for the property. While replacing risers may be straightforward, getting access to them is time-consuming and expensive. So how does a board know when it should begin to tackle a riser replacement? Low water pressure on the upper floors is the first warning sign, as is debris in the water—pieces of corroded pipe that are being flushed through the branch lines and through the fixtures, into sinks, showers, and bathtubs. Knowing the age of the building's pipes and their make-up is also important: galvanized steel pipes last only about 50 years, while brass lasts about 70 years; copper, longer than that. "Generally, you would go back to what was the original composition of the piping? How well has it been maintained? Has it corroded? Is the water pressure maintained?" asks Kelly, ticking off the questions a board should be asking its physical plant manager or an engineer. "It's a simple process, and yet at the same time, it's fairly complicated, dealing with an existing system. Running the piping isn't that difficult. It's opening up the wall, removing the old pipe and putting in the new pipe" that gets messy and complicated. Ripping Out Walls and Floors While replacing the risers in and of itself may be straightforward, getting access to them is time-consuming and expensive to the homeowners. Walls and floors are ripped out to allow contractors access to the pipes in the bathroom and kitchen, and for those co-op owners and condo owners who have paid for extensive renovations, it can be "very disheartening" to see all their work torn apart, as one engineer puts it. "It's very important to give [the shareholders] as much information as possible. That was one thing we got wise to, allocating time for night-time meetings," says Varsalona. Those gatherings were critical in addressing shareholders' concerns and ensuring support for the project. One way to mitigate the disruption to the shareholders is to hire a contractor who can work behind the riser replacement crew, repairing walls, and, as much as possible, replacing tiles that are taken down. At 33 Fifth Avenue, the board hired a general contractor, distinct from the company doing the riser job, to put back bathroom walls, tiles, and cabinetry. "We asked [the shareholders] if they had a specific tile, if they could track it down, and then we would have the general contractor replace it," explains Adam Zerka, the building's property manager. While the building paid for all the work done by the general contractor in replacing tiles and cabinetry after the plumbing work was done, shareholders who hired their own contractors to remove expensive cabinets or tiles and then replace them bore that cost themselves, says Zerka. Over the four years that the risers were discussed, the shareholders were told "that we would never be able to recreate what was ripped out," explains Zerka. Shareholders were urged to hire their own contractors if they had ornate cabinetry or tiles they wanted removed before the renovation, and then to replace them after the renovation. In the end, the most important aspect of the job was explaining it thoroughly to the shareholders. "It's a very intrusive project. You're ripping up walls, creating a lot of dust, a lot of debris," says Zerka. "We tried to give people as much of a heads up as possible." From start to finish, "it's a lot of work—a lot of planning, a lot of monitoring and a whole lot of luck. When you are opening up walls, you never know what you are up against." From the May 2004 issue of Habitat magazine. MORE ARTICLES

The U.S. is still seeing economic growth in alternative education since the pandemic kept millions of kids home from school. Encompassing everything from preschools to charter schools to colleges, the U.S. education market size is expected to reach $1.5 trillion by 2028, according to Vantage Market Research. Vocational schools and remote learning have also benefited from emerging educational technologies.

As companies have moved to more hybrid and work-from-home arrangements, the role of digital security has become even more vital. IT specialists and project managers, as well as cybersecurity analysts, have had to build and protect increasingly complex systems that are constantly under attack.

In the end, the most important aspect of the job was explaining it thoroughly to the shareholders. "It's a very intrusive project. You're ripping up walls, creating a lot of dust, a lot of debris," says Zerka. "We tried to give people as much of a heads up as possible." From start to finish, "it's a lot of work—a lot of planning, a lot of monitoring and a whole lot of luck. When you are opening up walls, you never know what you are up against."

With the growing population and interest in traveling after years lost to the pandemic, dream jobs that combine travel with food and culture are set to keep growing. Air travel, hotel room demand and international travel are all nearing pre-pandemic levels, according to the U.S. Travel Association, and the World Travel & Tourism Council reported an increase in 27 million global tourism jobs in 2023.

We'll be in your inbox every morning Monday-Saturday with all the day’s top business news, inspiring stories, best advice and exclusive reporting from Entrepreneur.

So when is it time to replace risers, and can you do them piecemeal? Most engineers recommend that the replacement be done all at once, with the board tackling each separate line in the building, from bottom to top. Otherwise, the workers run the risk of creating more problems by attaching new risers to old risers and causing breaks on the line. "Where people have tried to correct one floor, they create a break on another. There are times when it comes time to bite the bullet," and completely replace everything, notes engineer Christopher Kelly, the principal of his own firm.

In addition to teachers and administrators, the industry has seen job boosts around technologists, web developers, counselors, learning management system administrators and technology integration specialists.