Brett Melvin, Executive Director for Bridging America’s Gap, hits the nail on the head when he says the skills gap will only grow exponentially as 20 million Baby Boomers retire in the next five years:
20 million baby boomers are expected to retire in the next five years. That means we need to rise to the challenge of fixing the way we prepare the newest generation of workers.Ready to learn more? Join us at USAWorkforce.org!(h/t Brett Melvin, Executive Director of Bridging America’s Gap and former Senior Advisor to then-U.S. Secretary of Labor Elaine Chao)
Posted by USA Workforce on Monday, March 12, 2018
According to Business Insider, by the year 2030, more than 20 percent of the U.S. population will be 65 or older. This impending skills gap means that the number of jobs left unfilled because of a lack of qualified labor is likely to grow at a steady rate.
A 2017 report by Udemy found that “nearly 80 percent of Americans agree there is a skills gap, and more than a third (35 percent) say it affects them personally.”
Among surveyed Millennials, 43 percent said they felt personally impacted by the skills gap, compared to just 38 percent of Gen X-ers and 23 percent of Baby Boomers. Feelings on the skills gap have also impacted workers long-term projections, with 51 percent of Millennials saying they have lowered career expectations, compared to just 21 percent of Gen-Xers and 24 percent of Baby Boomers.
The one thing all three generations can agree on, 80 percent of Americans agree that there is a skills gap. That’s why the USA Workforce Tax Credit Act (HR 5153) is so critical to advance at this time.
Pictured left to right: Brett Melvin, Executive Director, Bridging America’s Gap and former Senior Advisor to then-U.S. Secretary of Labor Elaine Chao; Rep. Lloyd Smucker; Thomas Carroll, Executive Director of the #EdTaxCredit50 Coalition; Corporal Jeffrey J. Cleland, U.S. Marine Corps, Ret., Director of President George W. Bush Institute’s Military Service Institute