Thrive: The Skills Imperative - Power Systems Engineering ...

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12 Council on Competitiveness The Skills Imperative Skills Strategies for the Future America must be more strategic about charting the path of future opportunities for workers, prioritizing around skills that do not offshore easily and are hard-to-replicate, that enable a faster pace of innovation, and that are emerging with new technologies and industries. Key areas of opportunity for the future prosperity of America’s workers include: • Untapped Opportunities • Service Economy Skills • The Innovation Advantage • Skills for Sustainability Untapped Opportunities The U.S. Bureau of Labor Statistics estimates that between 40 percent and 45 percent of all job openings in the economy through 2014 will be in middle-skilled occupations, compared to one-third in high-skilled occupations and 22 percent in low-skilled service occupations. 11 As professor Harry Holzer of the Georgetown University Public Policy Institute observes, many of these jobs do not offshore easily and pay relatively well. And a number of these occupations face critical shortfalls in skilled workers. 12 Two trends affect this job category significantly. Retiring baby boomers will create large vacancies in the low- to middle-skilled jobs. And immigrants are likely to fill the bottom- and top-skilled jobs more easily than those in the middle. Together, these trends will leave growing shortages of workers for middle-skilled jobs— those that require postsecondary education and training, but not necessarily a bachelor’s degree. 13
13 4. The Growth in Middle-Skilled Jobs Creates New Workforce Opportunities Source: United States Bureau of Labor Statistics, Employment Projections U.S. EMPLOYMENT (MILLIONS) Middleskilled jobs Highskilled jobs growth rate growth rate Short-term Shortages of Middle Skills More than 80 percent of corporate respondents in the United States to a Deloitte survey commissioned by the National Association of Manufacturers indicate they are experiencing shortages of qualified workers overall—and more than 90 percent indicate moderate to severe shortages of skilled production employees, including machinists, craft workers and technicians. 14 A 2007 survey of U.S. employers by Manpower Inc. indicates that technicians, mechanics and machine operators remain among the 10 top critical talent shortages. 15 1. Sales Representatives 2. Teachers 3. Mechanics 4. Technicians 5. Management 6. Truck Drivers—Freight 7. Drivers—Delivery 8. Accountants 9. Laborers 10. Machine Operators
Page 1 and 2: Compete 2.0 Thrive. The Skills Impe
Page 3 and 4: Compete 2.0 Thrive. The Skills Impe
Page 5 and 6: 3 The Skills Imperative Table of Co
Page 7 and 8: 5 Key Take-Aways COMPETE 2.0: SKILL
Page 9 and 10: 7 Creating the Context As in the pa
Page 11 and 12: 9 1. Slowing Workforce Growth Could
Page 13: 11 3. Jobs Requiring High Skills Ar
Page 17 and 18: 15 Looming Shortfalls Demand for th
Page 19 and 20: 17 The Changing Landscape of Educat
Page 21 and 22: 19 6. Services Power U.S. Job Growt
Page 23 and 24: 21 Education and Market Advantage J
Page 25 and 26: 23 But America needs to ask: Is jus
Page 27 and 28: 25 Choose to Compete Charles M. Ves
Page 29 and 30: 27 The principles of service scienc
Page 31 and 32: 29 Skills for Sustainability: Train
Page 33 and 34: 31 said their institutions were dev
Page 35 and 36: 33 Notes When everyone is copying t
Page 37 and 38: 35 Council on Competitiveness BOARD
Page 39 and 40: 37 John W. Rowe Exelon Corporation
Page 41 and 42: 39 About the Council on Competitive
Page 43 and 44: Instead of using 100% virgin paper,

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