STEM jobs, by giving workers the skills to thrive while earning a competitive wage. Retraining programs have been pitched as a way to address the growing number of vacant U.S. According to the National Skills Coalition, middle-skill jobs in sectors such as advanced manufacturing, computer technology and health care account for approximately 53 percent of America’s labor market however, only 43 percent of middle-skill workers are trained to fill those roles. lost approximately 5.6 million jobs in the manufacturing sector from 2000 to 2010, with nearly 85 percent of those roles impacted by technological change. A study from the Center for Business and Economic Research at Ball State University found that the U.S. That said, workers simply can’t keep up with the current technology revolution. By 2020, there will be one million more computing jobs nationally than there will be graduates to fill them, resulting in a $500 billion opportunity gap.” Aust wrote in April 2018 that there were “500,000 well-paying computing jobs currently unfilled in the U.S. Through policy initiatives that strengthen STEM education, as well as training programs to give workers skills that align with technological advancement, politicians and community leaders have an opportunity and a responsibility to pivot this issue into economic growth and to keep the workforce developing faster than the pace of innovation itself. This comes at a time when, even as the unemployment rate continues to fall, millions remain jobless and wages have declined. currently has millions of unfilled STEM jobs, and the Trump administration recently released its five-year plan to boost STEM education ito prepare for the nearly 3.5 million STEM jobs that need to be staffed by 2025. Let’s size up the challenge: Nearly 60 percent of employers struggle to fill job vacancies within 12 weeks, and careers in science, technology, engineering and math (STEM) are at the heart of the skills gap in America. That’s just one example of why we need a skilled workforce for the future, but getting there requires an effective support system. “Their message to Houston was that we didn’t have the depth of tech talent,” said Bob Harvey, CEO of the Greater Houston Partnership, in theĪ city that constantly ranks in our country’s top five for job and population growth missed a chance to house one of the world’s largest and most innovative companies, stemming from its soft tech talent base-which currently ranks 32nd in the U.S. Houston, which is currently the fourth-largest city in the United States by population, was passed over by the tech giant. economy, but our workforce lacks the skills needed to take on the roles.Ĭonsider Amazon’s latest hunt for a second headquarters. This is important as these vacant jobs could pump billions into the U.S. Daunting, yes, but the hard work is already being done and just needs more support. It’ll take federal and state governments, schools and companies to help solve the riddle. And not their creation, but rather the inability to fill a large category of them. The problem isn’t regulations, it’s jobs. American businesses face a serious problem, with outsize impact on our country’s economy.
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