Every day I read through dozens of Google Alerts, RSS feeds, emails and newsletters but don’t know what to do with all the information. So in the first of a series of posts, here are few random, yet sobering, thoughts on the U.S. Labor Market in 140 characters or less - Twitter-style.
There is a finite pool of talent worldwide. Support for our technological and physical infrastructure is in short supply.
Technology has increased its pace whereas educational advancement and talent creation have slowed down.
An obsolete 20th century education-to-employment system can no longer cope with the realities of a 21st century global labor market.
40% of workers in the United States and Canada have basic workforce education skill deficiencies.
Only 25% of America’s current eligible workers comfortably meet the new job criteria.
About 95 million adults are reading at or below the 8th grade level of comprehension, disqualifying them for most well-paying jobs.
More than 90 million U.S. workers currently lack the reading, writing and math skills to do their jobs properly.
Compare this to Brazil, where 88% of adults and 97% of youth are literate and 70% of students complete high school.
Although 64% of high schools graduating seniors enter some form of post-secondary education, only 25% graduate with a college degree.
15% of U.S. high schools produce 50% of all the dropouts.
Young people are eager consumers of technology, but not interested in working in technology careers.
Recruiting, retaining and developing skilled people will become so challenging that many businesses will be forced out of existence.
Computers did not cause mass unemployment, but they did create a major upheaval in the nature of work.
75% of U.S. jobs will require both a good liberal-arts-based general education plus post secondary technical training.
The current education-to-employment bureaucracy chokes the innovation and change we need.
Forget Frederick Taylor’s stopwatch management. Start treating people like “brain workers.”
… it seems that the world will end, not with an explosion, but with a slow grinding halt as everything just stops working. A. Brown
We live in a moment in history when change is so speeded up that we begin to see the present only when it is already disappearing. R.D. Laing
Based on my random thoughts for this week, I must ask: Are employers underestimating the complexity and pace of change? What do you think?