Getting a college degree may no longer be significant for people’s careers, according to an expert in the education sector. Speaking to CNBC’s “Street Signs Europe” on Monday, John Fallon, CEO of education company Pearson, said shifting career expectations and longer life expectancies were reducing the importance of receiving a college education.
How can employers and communities prepare for the future workforce needs and ensure inclusion? A new report from Brookings, “Skills and Opportunity Pathways Building an Inclusive Workforce for the Future,” authored by Makada Henary-Nickie, fellow and Hao Sun, research analyst, examines what the future workforce will look like and what it will need to thrive.
In April, the Congressional Joint Economic Committee found that highly educated adults in their thirties were fleeing rural and postindustrial states to major tech centers like San Francisco, New York, Seattle, and Boston. The report, based on 40 years of Census data, said states in the southeast, New England, and the Rust Belt were losing the most talent to these “winner-take-all” cities. Vermont was one of the hardest-hit states.
If you live in Washington D.C., Houston or Atlanta, it might be time to take a vacation. Those three cities, followed by Seattle and Chicago, are the most overworked cities in the United States, according to a study released by the mobile technology company Kisi this past week.
According to the survey, if U.S. employees could go back in time to age 18, 68 percent say they would focus on a field of study within science, technology, engineering or math (STEM). This sentiment is indicative of the perceived high value of a STEM education and career path over other educational tracks. In fact, 60 percent believe their employer has trouble finding the right workers for these roles today.
Artificial intelligence and emerging technologies have enabled automation to scale and pose legitimate workforce threats. However, these innovations are creating new jobs and recreating old ones that together shape the building blocks of a future workforce. This dynamic opportunity engine is driven in large part by a fast expanding innovation ecosystem that combines a bevy of thriving, scaling, and nascent startups and their emerging workforce needs.
July’s overall payrolls grew at a healthy pace, in line with expectations, and several industries showed particularly strong growth in hiring including education, health care, professional and business services. The Labor Department reported Friday that payrolls increased 164,000 during the month, just 1,000 below the 165,000 Dow Jones forecast.
Between 1940 and 2016, employment in manufacturing shifted across America from the Northeast to the Midwest and the Southeast. The industry lost ground in many places and is now the largest employer in only two states--Indiana and Wisconsin. In 1940, 23% of workers were employed in the manufacturing industry, and they were concentrated in 15 northeastern, mid-Atlantic, and Great Lakes states. As the economy shifted toward services at the beginning of the new millennium, the share of employment in manufacturing declined to less than 15%.
Given the massive economic impact of these companies, Emsi wanted to know the top skills they are looking for in their employees. Are there any noteworthy similarities or differences between companies? How do the top skills at these companies compare to the top skills in demand by employers nationally?
For as long as anyone can remember, American high schools have mostly failed to provide their students with genuinely marketable skills. But of course, it doesn’t have to be that way. And in recent years, a growing number of “career and technical education” (CTE) programs have sought to bridge the gap between what students learn and what local labor markets demand, typically through a combination of specialized courses and hands-on apprenticeships.