There are roughly two jobs open for everyone looking for work in Alaska.
Dan Robinson, chief of Research and Analysis for the Alaska Department of Labor, says we likely won’t see stability in the job market again until all Boomers have aged out and employers have adapted to doing business with fewer people. In the meantime, younger workers have more leverage than ever: “Young people may want what they’ve always wanted, which is freedom to ski on the weekend or whatever — lifestyle stuff,” says Robinson.
Many analysts attributed the Great Resignation to a reset of sorts, a change in attitudes toward work. So many people lost jobs during the pandemic, they just weren’t ready to go back to their old unfulfilling work, we were told.All across the country, job openings had begun to rise, and labor shortages were occurring because Baby Boomers were aging out of the workforce.
And Robinson also makes another critical point: Although some economic trends are leveling out in the aftermath of the pandemic, this demographic trend likely won’t. So now the question is, once an employer has found workers, how do you keep them? The October issue ofalso looks at job turnover, and the data there are also telling. For example, although wages matter in retaining employees, wages aren’t everything. Some occupations with high compensation, like cell tower installers or highway maintenance workers, show exceptionally high rates of turnover, while other lower-paid occupations like bicycle mechanics and bartenders tend to hold onto workers.
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