Page 6 - 2019 SIPC Meeting Brief
P. 6
While there could be positive net job African Americans currently hold highly
growth at the national level, most new jobs automatable jobs and are most at risk of
may be concentrated in the same 25 cities. being displaced by 2030.
Those who have a high school diploma or
less are four times more likely to be
displaced from their jobs than those with
bachelor’s degrees.
The below data from the McKinsey Global
Institute report provides a deeper dive into
the makeup of community segments.
Retail Trends
The resale/donated goods market is
projected to double in market size from
2018 to 2023 from $24 billion to $51 billion.
The growth is driven by changing consumer
behaviors, with younger generations
showing an increasing willingness to buy
used, but moving from thrift to consignment.
Especially of note in this market are online
commerce platforms that are powering the
Furthermore, McKinsey found that
displacement and net job growth could be growth in this sector. Venture capital has
highly uneven across the US. flooded into the sector with just three
popular sites: ThredUP, RealReal and
An estimated 14.7 million young workers Poshmark raising over $1.1 billion
(ages 18-34), 11.5 million older workers according to start-up tracker, Crunchbase.
(age 50+) and 11.9 million Hispanics and
4 2019 STRATEGIC INITIATIVE PLANNING COMMITTEE BRIEF
