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The Importance of Manufacturing and Industrial Trades Careers

The Importance of Manufacturing and Industrial Trades Careers . Dr. J osh Bullock, President. Manufacturing’s impact. Major Impact Largest share of exports R&D Intensive Manufacturing pays 19% higher than non-manufacturing . . The “NEW” Manufacturing Age.

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The Importance of Manufacturing and Industrial Trades Careers

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  1. The Importance of Manufacturing and Industrial Trades Careers Dr. Josh Bullock, President

  2. Manufacturing’s impact • Major Impact • Largest share of exports • R&D Intensive • Manufacturing pays 19% higher than non-manufacturing.

  3. The “NEW” Manufacturing Age • The Rise of On-shoring • Rebounding labor market • Regional Manufacturing • Skill intensive

  4. Looming labor shortage is real Major challenges in recruiting skilled labor. Talent gap a major risk in achieving business strategy. Two-thirds of job openings require post-secondary education.

  5. Future Labor Pool Looks Bleak Manufacturing is important to the economy

  6. Future Labor Pool Looks Bleak Mfg. Classes are not related to my/my child’s future Manufacturing is important to the economy

  7. The FUTURE WORKFORCESkilled Work will Dominate

  8. Manufacturing is Evolving Skilled jobs will far outpace others

  9. Skilled Work in Illinois

  10. Skilled Work in Illinois 2007

  11. Manufacturing by the Numbers

  12. Degree Attainment in Illinois • 40.8 percent of working adults (age 25-64) hold at least a 2-year college degree AdditionalAnnual IncreaseNeeded 5.4% AdditionalNumber of DegreesNeeded to MeetWorkforce in 2025 1,273,954

  13. Thank You

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