The Job Revolution: Employment for Today and Tomorrow (Emerging Careers)
Techniques 2010, Nov-Dec, 85, 8
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Publisher Description
In July 2010, more than 14 million Americans were unemployed. Yet about 3 million mainly STEM-related jobs were vacant across the U.S. economy. More firms are beginning to report that even though there are huge numbers of available workers, those workers do not have the skills the firms want. Businesses are struggling to find the talent needed to compete in this new world. This relatively high level of job vacancies seems to contradict the high level of U.S. joblessness. "If this is the new-normal, it's more about the labor market than the GDP," states Glenn Hubbard, dean of the Columbia Graduate School of Business. "We have to help people face a new world." Patrick Larkin, director of the John Adams Innovation Institute in Massachusetts, terms today's biggest challenge in building a workforce as getting students from K-12 through postsecondary to understand and to prepare for available opportunities.