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.
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.
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.