It almost seems impossible to admit this - seeing as skilled laborers are the folks who built our country - but the U.S. is facing an incredible decline in skilled labor over the next few years, at the exact time when demand is expected to reach its peak.
There are many reasons and theories behind the decline in skilled labors - the push (in high schools) toward conventional 4-year careers; a misconception associated with “skilled labor”; the recent recession forcing folks out of their skilled labor profession; baby boomers reaching the age of retirement - but regardless of the reasons, this labor shortage poses both consequence as well as opportunities.
According to a 2015 report by the Manufacturing Institute, titled The Skills Gap in U.S. Manufacturing 2015 and Beyond,the main problem manufacturers and construction companies face is meeting with customer demand. The lack of skilled laborers prevents companies in these industries from keeping up with the needs and wants of their own customers.
That same report projects that 3.4 million manufacturing jobs are likely to be needed over the next decade. Of those jobs, an unbelievable 2 millionare expected to go unfilled, furthering the current skills gap.
With unfilled skilled trades, companies can’t grow.
The interesting thing is, there is no shortage of people out there who are capableof filling these in-demand jobs in fields such as welding, There’s just a shortage of people willingto do them.