“Given the high and increasing demand for workers with computing skills, it is imperative that all of our students, including women and minorities, have access to computer-science education,” Trump wrote in The New York Post.
While India is flourishing under the outsourced labor market scenario, the U.S. worker finds himself competing on an unfair playing field. It costs roughly $100,000 to produce a competent software engineer in the U.S. The average cost of producing a software engineer in India is roughly $20,000, with the Indian government picking up the tab in many cases.
Americans tend to differ over the best career advice to give high school students, with younger adults urging them to follow their dreams and older Americans telling them they should enter occupations in the fields of science, technology, engineering and math (STEM), according to a Pew Research Center survey conducted in May.
On the national level, software contributes $1.14 trillion to U.S. GDP and supports more than 10 million jobs. Software directly created 2.9 million jobs in 2016 – good-paying jobs covering everything from the obvious ones, like software developers and web designers, to the less obvious, like project coordinators, administrative assistants, and accountants.
The tech industry has been shifting jobs overseas for decades, and other big American companies like Oracle and Dell also employ a majority of their workers outside the United States. But IBM is unusual because it employs more people in a single foreign country than it does at home. The company's employment in India has nearly doubled since 2007, even as its work force in the United States has shrunk through waves of layoffs and buyouts.
With more factory jobs now demanding education, technical know-how or specialized skills, many US plants are struggling to fill positions.
Manufacturing occupies a unique role in American society. It’s a proud point in the culture and a leading bipartisan priority for policymakers. According to recent studies, Americans want to see manufacturing jobs created in their communities more than jobs in any other sector. Still, according to the same studies, relatively few Americans personally want to work in manufacturing.
In an exclusive CNBC interview, Jack Ma, Alibaba executive chairman, talks to CNBC's David Faber about artificial intelligence and employment.
While there are certainly differences between the heavy equipment and manufacturing industries, there are similarities between the natures of the skills gap affecting their workforces. These connections between the experiences provide a broader context for the challenges facing businesses due to the shortage of technical workers.
Competition among businesses for top IT talent today makes it critical for managers to rethink their recruitment and retention methods. Speeding up hiring times, training from within, filling skills gaps with project professionals and offering attractive compensation can help you hire – and keep – the best and brightest for your organization.