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Workforce Shortages

At an individual level the college student trying to select a major, the college graduate attempting to launch a career, the established professional looking to make a career transition, and the entrepreneur seeking lucrative opportunities are among those who may benefit from an analysis of where the workforce shortages currently exist and where employment projections are anticipated. Although such knowledge and considerations are not necessarily paramount determiners of one’s career development they are worth investigating to see if an alignment exists between these trends and one’s enduring or potential value proposition.

There are several reasons for the decline of qualified workers with demographics being the big one. The aging of Baby Boomers is naturally leading to more retirements and domestically there aren’t enough replacements. Ten years ago 400,000 workers per year retired. That number has risen to 1.2 million today. And the older population creates increased demand in fields such as healthcare where more workers are needed than in the past. For example physical therapists, occupational therapists, and even doctors are already in short supply and are still expected to be in the future.

However it isn’t just in healthcare where shortages exist. To be honest