The Evolution of Employment

Submitted by Kathy Tracey on Mon, 03/08/2021 - 18:33
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Colleagues, 

I invite you to read two stories. The first is about the skill gap that employers are continually encountering and the jobs report that the low skilled jobs won't return until at least 2024. 

This information is daunting - reflecting both a need for employees with increased skills and the impact of the economic downturn on our most vulnerable individuals. 

Based on what you are reading, how are you planning for the remainder of this year and the beginning of next year? What changes, if any do you see in your IET offerings? 

I'm looking forward to the discussion. 
Sincerely, 

Kathy Tracey
@Kathy_Tracey

Comments

Colleagues, 

I'd like to extend this conversation and share this article about the re-skilling of American workers. From the article, 

By the numbers: The pandemic's disruption of work will push around 17 million U.S. workers to find new occupations by 2030, according to a recent McKinsey Global Institute report.

  • Even before the pandemic, 70% of employers reported having trouble filling roles because of a skills gap in the labor force, per Bloomberg.
  • After the pandemic, high-skilled jobs, like web developers and epidemiologists, are expected to boom. And low-skilled ones, like restaurant hosts, bartenders and ticket agents are projected to bust.

"We knew artificial intelligence was going to devastate jobs, but, frankly, I thought that was five or seven years away," says Plinio Ayala, CEO of the job training company Per Scholas.

  • "The pandemic accelerated that. The number of jobs that existed before the pandemic will not be the same number after, and most of those jobs were occupied by people of color and women."

As we extend the discusion about the re-shaping of our economy, I'd like to aks your input on the two questions: 

  • How are you preparing for for the necessary re-training? 
  • How are you ensuring equity in the integrated training courses? 

I'm looking forward to your input. 

Kathy 

Kathy_Tracey