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Preparing a Workforce for the 21 st Century Economy. PACTA February 17, 2010. Institute for a Competitive Workforce (ICW). Works to ensure that businesses have access—today and tomorrow—to an educated and skilled workforce.
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Preparing a Workforce for the 21st Century Economy PACTA February 17, 2010
Institute for a Competitive Workforce (ICW) • Works to ensure that businesses have access—today and tomorrow—to an educated and skilled workforce. • Promotes high educational standards and effective workforce training systems so that they are aligned with each other and with today's rigorous business demands.
“Human capital is the number one business challenge” Tom Donohue, President and CEO U.S. Chamber of Commerce
The Global Numbers Game If India and China successfully train 6% of their population, their skilled workforce would be nearly equal to our entire workforce
An Aging Workforce • 150 millionAmericans are currently in the workforce • 77 million are ‘Baby Boomers’ nearing retirement age • Only 40 millionGen X’ers and Y’ers are available to replace them
A Student Drops Out of High School Every 26 Seconds (6,000 per day)
Source: Tough Choices or Tough Times, National Center for Education and the Economy
World Rankings • Quantity and quality of high school graduates • 30 years ago, the United States was 1st • Today, the U.S. is 18thof23industrialized countries • U.S. 15-year-olds • Rank15th of 29 in reading literacy • Rank 24th of 29thin math literacy Source: Organisation for Economic Co-operation and Development
Annual Spending on Remedial Education & Private Training (U.S) • Remedial Education - $3.7 billion • Private training - $58.5 billion Source: Alabama Policy Institute 2007
Source: Harry Holzer and Robert Lerman, America’s Forgotten Middle Skill Jobs, 2007.
Source: Business Roundtable ‘s Springboard Project, American Worker and American Employer Surveys
Source: Business Roundtable ‘s Springboard Project, American Worker and American Employer Surveys
Then Now
Strengths and OpportunitiesCreating a 21st Century Workforce
Multiple pathways to postsecondary education and training Integration with general curriculum Achieve alignment to both workforce and postsecondary education Career and Technical Education:A New Vision
CTE provides framework for lifelong learning Entry points within industry clusters exist for younger students and adult learners CTE increases high school graduation rates By providing relevancy in education, students are more likely to stay in school Role of CTE in Economic and Workforce Development
Source: Business Roundtable ‘s Springboard Project, American Worker and American Employer Surveys
The goal of this administration is to ensure that every child has access to a complete and competitive education – from the day they are born to the day they begin a career. -President Obama
Obama Administration • Increased emphasis on education and training • Additional money for college • A Secretary with a vision for improvement
White House Initiatives • American Graduation Initiative • 5 Million more postsecondary degrees in 10 years • Educate to Innovate • Promote STEM through National Lab Day, National STEM Week, increased awareness
Federal Legislation • Reauthorization of the Elementary and Secondary Education Act (ESEA/NCLB) • Reauthorization of the America COMPETES Act • Reauthorization of the Workforce Investment Act (WIA)
Monthly e-newsletter • Monthly issue-focused conference calls • Publications • Staff technical assistance • www.uschamber.com/icw
ICW-U.S. Chamber of Commerce www.uschamber.com/icw American Youth Policy Forum www.AYPF.org Alliance for Excellent Education www.all4ed.org Education Trust www.edtrust.org Education Policy Resources
Career Voyages – DOL www.Careervoyages.gov College Readiness Planning www.knowhow2go.org College and Career
Education Development Center www.edc.org Center for Implementing Technology in Education (CITEd) www.air.org/ehd/ehd_education_tech.aspx Digital Skills
For more information, contact Lydia Logan Vice President and Executive Director Institute for a Competitive Workforce U.S. Chamber of Commerce 1615 H Street, NW Washington, DC 20062 Llogan@uschamber.com www.uschamber.com/icw