A response to the CT labor shortage
Plato famously wrote: “Our need will be the true creator”, which over time became the English proverb “Necessity is the mother of invention”. As the post-COVID workplace evolves, remote work continues to expand its popular status with employers and the American workforce. But it will soon be recognized as one of the assets that will help our state overcome the worst labor shortage in our history. Although the shortage is a national challenge, it will soon reach the crisis stage in Connecticut and may be with us for decades to come.
Why is Connecticut in more danger than most other states? Connecticut’s workforce is struggling to grow and is smaller today than it was 10 years ago. This comes as the state’s population, the sixth-oldest in the country, nears retirement. Although slightly improved, the state is struggling to retain our young and recently graduated workers. These and other factors have meant that there are twice as many job openings as there are unemployed in the state. These challenges are structural in nature and cannot be reversed in the short term. They trended in the wrong direction for years without anyone really understanding their meaning.
Comments are closed.