Journal Article

Workforce 2020: Is It Time for Disruptive Innovation?

Abstract: Whether framed as a gap, a shortage or a mismatch, skill problems drive discussions around workforce and education policy today. Employers say they are not getting qualified candidates from educational institutions; unions and workforce advocates say that if employers looked harder and offered increased wages and improved benefits, qualified workers could be found. At the same time, community colleges and vocational training centers say that rapid changes in technology make it cost-prohibitive to buy the latest machines and training tools. Aspiring workers say they are unaware of the resources available to them or unable to navigate an overly bureaucratic system.

Keywords: population; labor markets; Workforce; employment; labor supply;

Bibliographic Information

Provider: Federal Reserve Bank of Chicago

Part of Series: Profitwise

Publication Date: 2015

Issue: 4

Pages: 24-32