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The STEM crisis: What the growing skills gap means for the economy and where we go from here

The Hill – Dhaval Jadav

“Our government wants businesses to stop outsourcing. It creates incentives to encourage the hiring of American workers. It implements policies to keep jobs and factories here in the U.S. And while these measures are all well-meaning, none of them ultimately tackle what is the greatest threat to our nation’s long-term economic prosperity—the technical skills gap in our workforce. Couple that with restrictions on immigration, and particularly H1-Bs, and we’re on the brink of a talent vacuum here in the U.S.” (more)

Training And Education Beyond The Obsession With STEM

Forbes – Milton Ezrati

“Trade can help alleviate the pressures of this country’s aging demographic by allowing the economy to source labor-intensive products from abroad. It can only work, however, if the United States has something else to sell the world in return. Right now, the country has huge comparative and absolute advantages in producing high-value products. Its workforce is better educated and better trained than those of the emerging economies, where the United States would source its purchases of labor-intensive products. That workforce also has much more capital and technology at its disposal. To carry on this way, the economy will need to sustain these advantages, and that will involve an ever-greater emphasis on training and innovation.” (more)

Technology’s influence reshapes how employers assess job applicants

The Christian Science Monitor – Beth Pinsker

“When companies recruit new workers, particularly for entry-level jobs, they are not necessarily looking for knowledge of certain software. They are looking for what most consider soft skills: problem solving, effective communication, and leadership. They also want candidates who show a willingness to keep learning new skills.” (more)

How do we prepare students for the future? Focus on experiential competencies

Education Dive – Monique Fuchs

” As educators, we constantly evaluate whether our programs and curricula prepare students sufficiently for the current and projected needs of industries. That fact has never been more true as new graduates face a fast-changing workforce and education is now preparing students for jobs that don’t even exist yet.” (more)

‘Reskilling crisis’ emerging as 1.4M U.S. jobs face technology disruption

Education Dive – Naomi Eide

“Referred to as a “reskilling crisis,” only 2% of workers could transition to new jobs if immediately called on to take another position that matched their skill set. Most other workers, however, have few skills required to transition jobs; 16% have no opportunities to transition to new jobs.” (more)

New Economics Paper Shows That High School and College Jobs Leads to Higher Wages Later in Life

The 74 Million – Kevin Mahnken

“The growth of the college wage premium — the added financial benefit accruing to employees with a few years of college education, and especially completed degrees — has slowed since the 1980s, according to a new paper from the National Bureau of Economic Research. Additionally, the study’s authors argue that the effects of holding a job while simultaneously enrolled in high school or college are more beneficial than schooling alone.”(more)