Minding Your Business Blog Index
September 11, 2008
Hot Jobs Hard to Pin Down

At uncertain times like these, you see a lot of articles describing the so-called "hot jobs," which offer the best opportunities for employment and job security in the coming years.

Some occupations on these lists are predictable.

Earlier this week, new University of Southern Maine President Selma Botman spoke at a USM Corporate Partners breakfast about how difficult it is to find enough nurses with graduate degrees to train the next generation of nurses.

The shortage is chronic, even though lots of people want to be trained. The shortage itself has become self-perpetuating.

Pharmacists and other health care occupations also are perennially on the list.

Beyond these predictable jobs, though, it gets a lot trickier to determine what kind of workers will be in short supply in the years ahead. This is particularly true at a time when the Internet and shifting global markets have upended the status quo.

The current shortage of energy auditors and insulation installers is a great example. For years, people offered training classes that interested relatively few people. The market itself wasn't booming.

But the run-up in energy prices has caused a spike in both the number of people interested in doing the work and in consumers hoping to hire them. Training is the bottleneck.

Of course, it's possible that there might be a glut of such workers 10 years from now. Maybe so many people will get trained that their numbers will outstrip the work. Nobody can predict with certainty what will happen with volatile energy prices and whether alternative fuels will emerge.

Still, the state does try to predict where things are headed. Every two years, the Maine Department of Labor publishes an outlook for where it thinks the jobs will be -- and where they will disappear -- a decade in the future.

This year's offering includes jobs in health care, as you'd expect.

It also says that aging Baby Boomers will increase the demand for other occupations, such as those at dining establishments and other leisure-related businesses. Meanwhile, the Internet and big-box retailers will hit employment in areas such as bookstores.

Of course, a decade ago, nobody would have predicted the changing workforce that we have today. The Internet was not central to most people's lives, gas prices were stagnant and, well, health care was exploding.

I guess it's nice to know that, in an uncertain world, some things never change.

Posted by Eric W Blom at 04:58 PM

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Comments

Such is the nature of a free market. Supply and demand, prices and costs. The challenge in the macro view of employment is that a person can not become a nurse in ten weeks to meet demand. A free-er marketplace in healthcare would reward hospital administrators with foresight who think long term in recruiting and training. The current system rewards the dolts who react short term by merely increasing reimbursements based solely on current costs.

Posted by Scott Simmonds
September 15, 2008 08:37 AM

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Eric Blom has been a journalist in Maine for 20 years, much of it as a business reporter and editor. He's been inside factories, office buildings and retail shops throughout the state, meeting with workers, shoppers, investors and executives about their hopes and fears. These days, as local and business news editor, he has a bird's eye view of what's happening in Maine commerce.

Eric, who was born in Rhode Island, has been heading north for some years now. He graduated from Boston University, edited a weekly newspaper in Belmont, Mass., and worked at the now-defunct Peabody Times in Massachusetts before coming to Maine. He lives in Portland with his wife and two children.

Knowing Maine's Business is a gathering spot for the respectful exchange of information and ideas about the marketplace.



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