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It's a great time to be an accountant! (unless you're trying to hire one)

Good morning, accountants! Here's an article that asks the question, "When workers automate their own
Own Your Close
It's a great time to be an accountant! (unless you're trying to hire one)
By Blake Oliver • Issue #100 • View online
Good morning, accountants!
Here’s an article that asks the question, “When workers automate their own duties, who should reap the benefits?” The story focuses on programmers who have, in some cases, automated a large portion or even their entire job — but we should probably start asking the same question about accountants.
Historically, productivity gains have tended to benefit shareholders more than workers. From 1973 to 2016, U.S. median hourly wages rose only 11 percent while hourly labor productivity grew by 75 percent.
But that will start to change in the U.S. as Baby Boomers retire and the labor market tightens. Due to shifting demographics (we aren’t making nearly enough babies) the developed world is about to experience a talent crunch of epic proportions. That should make skilled workers scarce and drive up wages.
For a preview of what the talent crunch will look like in accounting, check out what’s happening in IT. According to research firm IDC, an estimated 30% of global IT jobs will be left open by 2022.
In the short term, accounting and finance teams are already feeling a pinch. The unemployment rate for accountants and auditors dropped to 1.7% at the end of Q3.
It’s a good time to be an accountant! But it’s a challenge if you’re a controller trying to hire, that’s for sure.
For more of the best accounting links I clicked on recently, keep on scrolling.

Featured Story
How to Program Your Job
Big Four
Modern Office
Accounting Standards
Are You Ready for ASC 842?
Automation
How Robots and Drones Will Change Retail Forever
Audit
Auditing: Time for an Adjustment?
Recruitment
Productivity
The (Very) Busy Person’s Guide to Getting More Sleep
Security
Software Updates
Excel — Dynamic Array Functions
Ariege Misherghi at QB Connect 2018 - YouTube
Ariege Misherghi at QB Connect 2018 - YouTube
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Blake Oliver

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