Work Hard, Play Hard, Retire Well: The Skilled Labor Shortage Explained

At the beginning of the 21st century, highly-skilled transportation professionals had in their hands a golden bargain that the Greatest Generation fought for and won. In exchange for long periods away from home- weeks or months- ship's officers could retire at the age of 50, with a fully-funded pension. Airline pilots had the same pension by the age 60. These comparatively short career durations, less than 30 years, predictably allowed younger professionals to move into frontline leadership roles, as First Officers and Captains during their family-building years. Ceremoniously, officers of the Marine Engineers' Beneficial Association would turn over their Merchant Mariner's License- their meal ticket- when applying for pension payments. There was no legal authority to take away the pensioner's license to work; only a moral one, in that one should not compete against family men and women for work, while collecting a pension. There was a surreptitious feeling among retirees who requested replacement credentials from the US Coast Guard for various retirement pursuits, such as operating their own tour boats. Over two decades, the mandatory retirement age for airline pilots increased to 65; and the American Maritime Officers' (AMO) pension fund was frozen, in exchange for a 401(k) plan. Notably, the AMO continued to allow recipients of pension buyouts to continue bidding on jobs. In comparison to blue-collar work, sitting in the pilot's seat or at the shipboard watch desk was not physically arduous, although work physicals were required. But early retirement was something for family members of airline pilots and ship's officers to look forward to, after decades of missed family celebrations and shift-work schedules: "I know I'm missing Christmas again, but it's only 3 more years to go". These unique jobs were nevertheless wrapped into the greater cultural zeitgeist of "never retiring" among senior workers, and the careerism of middle-class millenials. Retirement-eligible ship's officers continued to hold jobs at the top of each career ladder into their sixties. These jobs remained economically lucrative, even as payscales for new entrants stagnated: "Suck it up, young buttercup, just wait your turn for the big bucks". The COVID-19 pandemic shook up the zeitgeist. Perhaps retirement wasn't so bad, after all. Some of the job perks in the air or at sea, like going ashore in foreign countries, vanished. The ship master's reponsibility for controlling the spread infectious disease, thought to be a vestigial relic of the smallpox and polio era, came to the forefront. Who will fill these senior-level jobs that have suddenly come open? Having gone years with limited prospect of upward mobility, younger officers with transferrable knowledge and skills may have become disenchanted with employment in global transportation, and moved into other careers. What is the price for bringing back the workforce? At the Military Sealift Command, a 50% salary incentive is bending the curve in recruiting Chief Mates back from their shoreside employment. Flagship airlines are coming to accept this price as well, signing collective bargaining agreements that offer double-time pay for weekend work.