What’s important about these summits is not the prepared statements delivered at the main table, but the frank discussions and informal meetings that take place in the corridors and meeting rooms around the main conference.
Every year, between two to four percent of workers in industrial economies are “displaced” from their jobs. Those most likely to lose their jobs – the very young, the very old, and the less educated – are also the workers least equipped to manage economic upheaval successfully. Even in resilient and growing economies, these workers often need a hand to get back on their feet.
By focusing on better preparing youth for employment in the knowledge economy, we can address long-term labor market shortfalls, improve lifetime earning potential, and contribute significantly to national productivity and global competitiveness. Where does it all begin? With teaching our kids to read well.
Since its creation in 1990, the U.S. H-1B visa program has enabled American employers to hire highly-skilled foreign workers when native-born talent is in short supply. As many as 1 in 4 physicians in the United States are foreign-trained and they are much more likely than their American counterparts to serve in areas with higher poverty and lower educational levels.
“Dual enrollment” programs – where students attend both high school and college – are gaining in popularity as college costs soar. It’s a trend that deserves to be embraced and expanded.
Great companies know that their employees are their most valuable asset. That’s why they compete to attract the best talent. For companies hiring workers in the United States, that talent pool is comprised of both native-born Americans – and immigrants. We are lucky because the United States has always attracted top talent from around the world.
North America’s global competitive advantage depends in large measure on maintaining a strong foundation of workforce talent. But employers with North American manufacturing and supply chains are concerned about labor market shortfalls, particularly for frontline jobs in advanced manufacturing and logistics.
At the end of his four-year apprenticeship, Allen Miller will hold a journeyman’s license in industrial maintenance, an associate’s degree from nearby Germanna Community College, and a certificate in “asphalt technology” issued by the Virginia Asphalt Association. He might be the model for the kind of worker the U.S. economy needs more of to succeed.