Maine’s Labor Shortage
Maine’s labor shortage is getting worse. This morning I was reading an article about the desperate need we have here in Maine for workers in the restaurant/hospitality sector. Sadly, I also read that one of my favorite restaurants, Conundrum, closed in June because they couldn’t adequately staff the restaurant.
When I read about the dearth of skilled workers in Maine, I immediately think of people like me; the growing population of Mainers who are approaching retirement. Many questions run through my head: What about us? In what ways can organizations in Maine take advantage of the skills and experience of men and women approaching retirement? What percentage of soon to be retiring people want to continue working; at least part time? How can companies, non-profit organizations and hospitality providers entice future retirees to consider joining them?
What do you think?
According to MaineSpark, 36% of the credentialed population are Baby Boomers, ages 55 to 73. Think of the possibilities! According to a 2018 study by Northwestern Mutual, 21% of Americans have no retirement savings and an additional 10% have less than $5,000 in savings. A third of Baby Boomers currently in, or approaching, retirement age, have between nothing and $25,000 set aside. These people are going to have to continue working and many, regardless of their financial situation, want to keep working.