LSU is awarding a record number of degrees with more than 4,500 students expected to cross the stage, diploma in hand, on Friday and Saturday. The number one question for every graduate, or at least their parents, is “what’s next?” Economist Dr. Loren Scott says opportunities abound for the class of 2022.
“Right now the market is just great it doesn’t matter what discpline you’re in there’s a shortage everywhere it seems like,” said Scott.
Scott says nearly every industry in complaining about the lack of available workers. That means, at least for now, the value of those degrees is on the rise along with wages.
“The market is very tight, of course when you have a shortage of something, the way you get rid of a shortage is to raise the price and you get more people to work, so we are seeing that,” said Scott.
The shortage of workers and the steady uptick in inflation has pushed many employers to offer better salaries right out of the gate. That increases competition for employees, especially for one industry in particular.
“Well healthcare is always an area that’s been short and COVID is making it short, so if you are coming out of the healthcare area that’s going to be really hot,” said Scott.
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