Millions of people have filed for unemployment during the pandemic, creating a national jobs crisis.
Herein lies the crisis. Businesses across the country are looking for candidates. They cite not just the lack of skilled workers for their openings, but the lack of workers period. Part of our present situation can be directly informed by that precedent. The American Society of Civil Engineers estimates that America needs to invest some $4.5 trillion by 2025 to repair the nation's bridges, roads, and other infrastructure deficiencies.
Consider that technology and healthcare — two of the most robust sectors of our current economy — have long-standing vacancies, and the worker shortages are only expected to grow over the next decade. For example, healthcare occupations are The overwhelming majority of these jobs pay mid-to-high five figures to start and, of particular note, do not require a four-year-university education. So it's time our policies absorb this reality and focus on aligning people to these opportunities.
The apprenticeship component would include a mechanism to accurately identify who would be exceptional in each role, and an investment both in a job and in the upskilling necessary for each exceptional individual to ramp up. According to the Bureau of Labor Statistics, there were 25,000 registered apprenticeships in the US in 2019, a 128% increase from just a decade ago. Still, it is only a drop in the bucket.
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