On the brink of a possible economic recession expected in 2023, workers in various industries fear a wave of layoffs or “tightening” measures, as has already happened in the sectors of technology, banking, media and retail.
According to a Forbes follow-up to the trend on Tuesday, software developer Pluralsight was the latest to join the list earlier this week, with a memo announcing the layoff of 20% of its workforce.
Financial services companies Goldman Sachs, Plaid, Morgan Stanley, as well as multinational food and drink company Pepsico, e-commerce giant Amazon and entertainment company Disney, and Swedish retail chain H&M are other big companies resorted to layoffs. as a way to stay afloat.
But as with any economic event, even in the worst crises, some industries emerge victorious. For the coming year, these are expected to be utilities, government, education and consumer care, according to recent data from LinkedIn.
More than 10 million vacancies
As an analysis by Fortune magazine rightly indicates, there were 10.3 million job openings left in the United States at the end of October, which means that opportunities exist for job seekers in times of nervous and of uncertainty.
To help these people figure out what types of jobs are most resilient in an economic downturn, salary data platform Payscale has rounded up some of the best “recession-proof” jobs with salaries at fastest growing.
This group turns out to include a mix of low- and high-responsibility jobs in industries still reeling from the aftermath of Covid and the so-called Great Resignation.
Payscale estimates that these in-demand positions are earning an average of 17% more than last year.
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Servers and a salary that does not collapse
The type of job that tops the list may come as a surprise to many: Waiters. The average server makes close to $20,000, and it won’t be the highest-paying position, but his salary has increased 30% year over year, even during the brief pandemic-induced slump, according to the labor department.
The same trend is also seen in some “white collar” positions listed by Payscale, such as private bankerswho saw their compensation increase by 25% and earn around $93,000 a year.
Interestingly, despite layoff news on Buzzfeed or CNN, among the positions Payscale touts as “recession-resistant” are media managers, marketing and business development managers and journalists.
In the case of media executives, Payscale estimates they receive a median salary of around $108,000 per year.
The list of best jobs in times of crisis also includes the following positions:
Emergency Dispatcher (Police, Fire, or Ambulance), with an average salary of $44,500
Sales Advisor ($56,800)
Director of Marketing and Business Development ($119,000)
EKG Technician ($40,400)
Installation Technician ($46,800).
However, many of the highest paying positions, such as blockchain developers and engineers at tech and fintech companies, are not listed.
The tech sector has already seen a series of high-profile layoffs, including Amazon, Meta, Stripe, Lyft and Microsoft. So far, around 120,000 tech workers have been laid off.