Vision of Your Skilled Workforce in 2020
In eight short years over a third of your workforce will be over the age of 55.
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Future of Manufacturing- Age and Education Impacts
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. 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.
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Why We Don’t Post About Unemployment
Changes in the unemployment rate are ambiguous indicators- they could mean an uptick in hiring, or they could mean people have run out of benefits and are no longer being counted as part of the workforce.