Looking at the job market from a bird’s eye view, it seems that most people would want to choose a career that pays them well and comes with plenty of benefits. After all, that’s how you’re able to buy the house you want, buy the car you want, and buy all the things that you want.
Surprisingly, though, there are plenty of jobs out there that come with high salaries that are experiencing a work shortage. Many of these jobs don’t require a college degree. In fact, according to the Georgetown Center on Education and the Workforce, there are around 30 million jobs that pay over $55,000 that don’t require a degree.
What are some of the top high-paying jobs that are experiencing a worker shortage?
Even in a world where more and more people are turning towards DIY and their own home improvement projects, even the most advanced DIYers want to stay away from electric work. After all, you could shock yourself.
Current estimates say that roughly 7,000 electricians join the working force each year but around 10,000 retire during the same year. There is set to be more of a demand when it comes to electricians in the next decade.
Electricians, on average, earn around $55,000 and those owning their own electrical businesses can easily crack the six-figure mark.
Sticking with the E’s, engineering is another field that’s in the early stages of a work shortage. More and more employers are facing an engineering shortage than ever before, with some reports saying that 10,000 jobs are left unfilled each year.
This covers all disciplines of engineers, from mechanical to electrical and civil.
Engineering is a job that requires a degree, but starting salaries are incredibly high with first-year engineers able to start out around $80,000.
This one comes with a bit of an asterisk because the U.S. is not currently experiencing a nursing shortage but is right on the cusp. Projections say the need for nurses is expected to grow 15% between 2016 and 2026, with half a million nurses needed to keep up with the demand.
Part of this is because people tend to live longer and will need more care over the next coming years. Experts have warned that 2030 could be a make or break year for the medical industry.
Nurses can earn anywhere from $50,000 to $100,000, depending on the state and discipline.
No, we’re not talking about Uber and Lyft, but delivery drivers and truckers. The shortage of trucking drivers has slowly been increasing over the last 15 years and it could come to a head within the next five years.
Similar to electricians, there are more truckers retiring every year than entering into the field. The sector has recently ramped up its efforts to hire young people while also hiring women.
One of the big hurdles is that drivers must be 21 to cross state lines, which immediately takes away this job from people graduating high school. Truckers, on average, earn about $60,000 per year.
Out of all the industries listed above, construction may be the one hit the hardest. Even with construction booming in many states around the country, contractors are finding it difficult to find skilled workers to fill certain roles.
The industry is getting creative by using more technology, becoming greener in their practices, trying to hire more women, and using more cost-effective tactics.
Plus, there is a lot of room for upward mobility in the field which means one could start out as a worker and easily ramp their way up the ladder.
Construction is a broad industry, but earning potential is huge. Project managers can easily earn over $70,000 per year. Those owning their own companies can breach six figures.
Accounting has been in a weird spot, being on the “verge of a shortage” for about the last half-decade. The job has been the target of automation, with many predicting that tools and programs would eventually take away many accounting jobs.
Despite that, projections say there will be almost 150,000 new accounting and auditing jobs by 2026.
The field does seem to be prepared for the shift, having moved many workers to remote or flexible positions. Accountants, on average, earn around $80,000.