Workforce quality and development is perhaps the most important economic development issue within our country. From the individual’s perspective, education and skills are the keys not only to prosperity but also quality of life. Technical training focused on workforce demand offers a value proposition to students, communities and employers.
Recently, the WSJ ran a column by Kirk McDonald, president of PubMatic, an ad tech company in Manhattan, about the dilemma technology companies like his are facing in filling high quality tech jobs.
McDonald broke down how the severe lack of skilled, career-specific workers will affect his technology-heavy industry:
According to one recent report, in the next decade, American colleges will mint 40,000 graduates with a bachelor’s degree in computer science, though the U.S. economy is slated to create 120,000 computer jobs.
Because of the heavy influence technology has in all segments of the economy today, this problem is common. The energy sector can relate with McDonald. There is a growing demand for skilled workers across a range of energy sector occupations, and energy sector occupations pay very well on average. America’s youth, tomorrow’s workforce, need better information about career options and opportunities, and the education and skills training pipeline should match projected workforce demand.
More informed students and better planning in targeted growth sectors should yield quality results.