The competitiveness of Manufacturing in North America has helped it to lead the recovery out of the last recession.
What are the trends that we face in Manufacturing going forward?
The following graph shows that since 2007, manufacturers have added more educated workers while eliminating less skilled / less educated positions:
Increasingly employers are looking for credentials for skills rather than 2 and 4 year degrees.
Right Skills Now is one way for math capable candidates to get their start in a career in advanced manufacturing in CNC operations.
Demand for skilled workers “blues”:
The blue bar segments in the following graph shows us that as the baby boomer cohort leave the workforce, there are currently not enough under 25 and 25- 34 year olds to make up for their loss. This means that not only will productivity increases have to continue, but also that we need to really make an effort to bring 34 and under people into our skilled workforce in manufacturing. This will certainly be a challenge for employers, and if nothing is done, will mean a new management version of the No Job Blues– “the no skilled worker blues” – for our shops as we try to find candidates for open positions left by the departing boomers.
If you are a savvy shop, you are working on this issue today- if the average age of our manufacturing workers is 50, that means over half of our workforce are within a few short years of retirement.
What’s your plan for workforce and skill development in your shop, city, region and state?
How’s it working out for you?
Graphs : U.S. Economics and Statistics Administration, Mark Doms Chief Economist