AIM CEO speaks about “dire” workforce challenges
Baby boomers, the birthrate, and the record-breaking number of Massachusetts residents leaving the state are just some of the points touched on.
There is no time to lose
“What if you created an economy and no one came?
Companies across Massachusetts are urgently seeking workers. Consider Takeda, the state’s largest life sciences employer, which is actively working to fill more than 500 open jobs at all skill levels and locations in Massachusetts – and not just jobs for researchers and scientists.
Or Catania Oils in Ayer, which faces similar staffing challenges. Catania is a rapidly growing packager and processor of plant-based cooking oils that recently added a 52,000-square-foot building expansion. The company runs a three-shift operation and securing labor continues to be a problem. Finding the right skills level for machine operators and maintenance personnel has been “quite challenging” and the company has been unable to secure talent for some key roles.” – AIM CEO, John R. Regan
What can we do to make Massachusetts attractive for workers?
Find out what's causing our labor shortage
High Points
The 2023 State of Massachusetts Business Address
Meet our Moderator & Panelists
Footage of Panelists Comments
The panelist touched on AIM CEO, John R. Regan's message on the exodus of women from the workforce over the course of the pandemic and the dramatic drop reaching its lowest since the 1970s
WBGH News Coverage
Head of the leading Massachusetts business association says he’s increasingly concerned about the economic impact of a growing labor shortage across the state.
MA employers are struggling with labor shortages that have severely impacted day-to-day operations.
Challenges Impacting our Workforce
Women in the labor force hit their lowest rates since the 1970s. In Spring 2020, 3.5M mothers left their jobs, driving the labor force participation rate for working moms from around 70% to 55%.
People are leaving Massachusetts in large numbers. We have lost 750,000 more people than it has gained during the past three decades.
The workforce numbers should make employers to policymakers think more deeply because the decisions workers make today will impact the economy of tomorrow.