The Standard World of 2005

Abstract

A standard world scenario is one which is surprise free in the sense of offering neither revolutionary breakthrough nor catastrophe, but a continuation of presently foreseeable trends. The present work explores the meaning for the hospitality industry of one such scenario. Economic series such as gross national product and disposable personal income are projected on the basis of work force changes as well as on productivity and investment. A more diverse and, on average, older work force is foreseen. The impact of work force trends on hospitality's customer base are then interpreted. Next, the outlook for employment in hospitality is estimated by sector and position level. Finally, alternative optimistic and pessimistic scenarios are analyzed.

Keywords

scenario future(s)economic growth workforce work force diversity service employment

Get full access to this article

View all access options for this article.

References

Carey

M. L.

Franklin

J. C.

(1991). Industry output and job growth continues slow into the next century. Industry output and job growth continues slow into the next century, 114(11), 45–63.

Data Resources. (1986). The DRI annual model of the U. S. economy. U. S. Long Term Review, Winter 1986–87, pp. 30–42.

Fullerton

H. N.

(1991). Labor force projections: The baby boom moves on. Labor force projections: The baby boom moves on, 114(11), 31–44.

Kahn

Weiner

(1968). The year 2000: A Framework for speculation. New York: Macmillan.

Kutscher

R. E.

(1991). New BLS projections: Findings and implications. New BLS projections: Findings and implications, 114(11), 3–12.

Goerne

(1992). Good news or false hope. Marketing News, 26(11), 6.

Saunders

N. C.

(1991). The US economy into the 21st century. The US economy into the 21st century, 114(11), 13–30.

Silvestri

Lulasiewicz

(1991). Occupational employment projections. Occupational employment projections, 114(11), 64–94.