The United States lost one-third of its manufacturing jobs--5.8 million positions--between 2000 and 2010. Although the economy has strengthened significantly since then, only about 12% of these jobs have returned. Their disappearance has resulted in painful social disruption: manufacturing had been a critical route to the middle class for those with high school educations or less.
In industries across the board, job openings outnumber qualified applicants -- and it’s only going to get worse. According to research released earlier this year by the Korn Ferry Institute, the existing talent shortage will reach its worst levels in 2030, when an expected 85.2 million job openings will go unfilled worldwide.
The White House announced Monday evening a five-year strategic plan for science, technology, engineering and math education, setting forth what it calls a "North Star" that "charts a course for the Nation's success." "It represents an urgent call to action for a nationwide collaboration with learners, families, educators, communities, and employers," the White House plan reads.
Even though unemployment is low, the economy is growing and U.S. auto sales are near historic highs, General Motors is cutting thousands of jobs in a major restructuring aimed at generating cash to spend on innovation. It's the new reality for automakers that are faced with the present cost of designing gas-powered cars and trucks that appeal to buyers now while at the same time preparing for a future world of electric and autonomous vehicles.
When economists and editorialists speak in worried tones about America’s “skills gap,” they’re referring to the mounting number of jobs that require some degree of technical know-how and the relative dearth of qualified candidates to fill them. For Traci Tapani, the phenomenon is no mere abstraction. It’s a potential company killer.
Whether you want to develop new skills, or fancy surrounding yourself with inspiring colleagues, you should cast your eye to Europe. That's according to a new report from IMD Business School, which found that European countries do a better job of attracting and developing talented employees than most any other region in the world.
Technology is quickly shaping every part of our lives. From the grocery store to the manufacturing floor, computers and high-tech systems have made our society more efficient and effective than ever before. The only downside to this upside is the number of STEM jobs in our nation is far surpassing the number of STEM graduates.
As Amazon dangled the prospect of 50,000 jobs and economic transformation, virtually every major city in the country jockeyed to win an economic development race for the ages. But cities such as Chicago, Denver, Pittsburgh, Phoenix, Miami and Los Angeles were ultimately left empty-handed. Did those cities get played? Did they ever have a legitimate shot at winning this race?
Amazon to invest $5 billion and create more than 50,000 jobs across the two new headquarters, and announces Nashville as new Operations Center of Excellence with more than 5,000 jobs. Amazon will invest $5 billion and create more than 50,000 jobs across the two new headquarters locations, with more than 25,000 employees each in New York City and Arlington.
For more than a year, few details about the selection process for Amazon’s second North American headquarters — beyond the tech giant’s own disclosures — saw the light of day. But with Amazon’s self-imposed end-of-year deadline approaching, reports are beginning to trickle out about which contenders have the best shot to land the vaunted economic development prize.