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Preparing a Workforce for the 21 st Century Economy

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 21 st Century Economy

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  1. Preparing a Workforce for the 21st Century Economy PACTA February 17, 2010

  2. 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.

  3. “Human capital is the number one business challenge” Tom Donohue, President and CEO U.S. Chamber of Commerce

  4. 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

  5. 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

  6. Factors Leading to theNeed for Postsecondary Credentials

  7. A Student Drops Out of High School Every 26 Seconds (6,000 per day)

  8. Source: Tough Choices or Tough Times, National Center for Education and the Economy

  9. 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

  10. Annual Spending on Remedial Education & Private Training (U.S) • Remedial Education - $3.7 billion • Private training - $58.5 billion Source: Alabama Policy Institute 2007

  11. Source: Harry Holzer and Robert Lerman, America’s Forgotten Middle Skill Jobs, 2007.

  12. What are Employers Saying?

  13. Source: Business Roundtable ‘s Springboard Project, American Worker and American Employer Surveys

  14. Source: Business Roundtable ‘s Springboard Project, American Worker and American Employer Surveys

  15. The World of Work is Changing

  16. Pipe Fitting Design

  17. Then Now

  18. Strengths and OpportunitiesCreating a 21st Century Workforce

  19. Source: Tough Choices or Tough Times report - NCEE

  20. CTE

  21. 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

  22. 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

  23. Source: Business Roundtable ‘s Springboard Project, American Worker and American Employer Surveys

  24. What’s Happening at the Federal Level?

  25. 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

  26. Obama Administration • Increased emphasis on education and training • Additional money for college • A Secretary with a vision for improvement

  27. 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

  28. 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)

  29. Resources

  30. Monthly e-newsletter • Monthly issue-focused conference calls • Publications • Staff technical assistance • www.uschamber.com/icw

  31. 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

  32. Career Voyages – DOL www.Careervoyages.gov College Readiness Planning www.knowhow2go.org College and Career

  33. Education Development Center www.edc.org Center for Implementing Technology in Education (CITEd) www.air.org/ehd/ehd_education_tech.aspx Digital Skills

  34. 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

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