Insights

What Impact Will The Upcoming Election Have On Hiring?

Written by ROARK | Oct 24, 2024 4:06:49 PM

The upcoming election has everyone on edge, and it's not just about who occupies the Oval Office. The ripple effects will be felt throughout the job market, influencing everything from hiring trends to salary expectations. But this year, there's a twist: the looming presence of AI.

Forget the usual debates around taxes and job creation. This time, the impact of AI on the American workforce is taking center stage. With predictions that nearly a third of all jobs could be significantly altered by AI, workers are understandably anxious. Will the next president embrace this technological shift or pump the brakes? The answer will shape the future of work as we know it.

Economic Jitters and a "Wait-and-See" Approach

Despite relatively strong economic indicators, a sense of unease pervades the business world. The stark contrast in the candidates' economic policies has triggered a wave of caution among CEOs. Investment plans are being shelved, expansion projects are frozen, and some companies are even considering downsizing as they await the election results. This uncertainty translates into a more competitive job market, with fewer openings and potentially slower salary growth.

The Disconnect Between Data and Reality

While economists point to positive trends, many Americans feel left behind. A significant portion (40%) of the workforce believes the economy is in poor shape, suggesting a disconnect between official data and lived experiences. This perception gap can influence career choices, making people less likely to take risks like switching jobs or starting businesses.

The Rise of the Worker's Voice

Beyond AI and the economy, this election cycle highlights the growing power of worker activism. Union support is a hot-button issue, with "right-to-work" laws facing fierce opposition. Workers are recognizing their collective power to influence policy, and voter turnout among union members could be a decisive factor in key races.

Navigating the Uncertain Terrain

In this climate of uncertainty and change, having the right career support is more critical than ever. ROARK is stepping up to help job seekers navigate these challenges. Our expert recruiters provide personalized guidance, connect you with the right opportunities, and empower you to make informed decisions about your future. Whether you're looking to upskill, transition careers, or simply land a secure job in the age of AI, ROARK is your trusted partner.