+34
The skilled labor gap remains a challenge.
.
"It's really wide, it's really dangerous, and now as we enter what looks to be a really new infrastructure build out and a really new economy, it's going to be the pinch point. " Rowe is the ultimate advocate for America's skilled trades. Best known for hosting the smash-hit Discovery Channel series"Dirty Jobs," Rowe built a career highlighting the grittiest corners of our workforce.annually through 2035, according to a new report out Wednesday from the Alliance for America's Skilled Trades.
Current training programs produce just 55 workers for every 100 needed. ), and Carhartt. But the challenge of finding these workers to build out AI infrastructure is evident in who the alliance is adding today: Meta The report sheds light on what is known as the"essential economy," which includes construction, utilities, agriculture, transportation, oil and gas, and equipment manufacturing.
It accounts for $12 trillion of the gross domestic product, 95 million jobs, and 3 million businesses. This area of the economy continues to experience labor shortages as older workers age out, and Gen Z has been reluctant to take on demanding jobs like loading trains.
Meanwhile, some existing workers lack the skills to stay current as AI becomes embedded throughout the supply chain.
"The last I toured was in Plano, Texas, and I met three electricians. They were all under 30, all making well over $200,000 a year. But that's not really the headline. The headline is all three of them had been poached three times in the preceding 18 months. So certainly electricians are in demand," Rowe said.
Business Financial Information Investing Investor Market News Stock Research Stock Valuation Business News Economy Finance Investment Tools Mortgage Mutual Funds Personal Finance Quote Real Estate Retirement Stock Stocks Suze Orman Tax Track Portfolio
Canada Latest News, Canada Headlines
Similar News: You can also read news stories similar to this one that we have collected from other news sources.
Actor Mike Smith Scheduled to Face Sexual Assault TrialNova Scotia actor Mike Smith, best known for playing Bubbles in Trailer Park Boys, is scheduled to begin a three-day sexual assault trial. Smith has pleaded not guilty to one count stemming from an alleged 2017 incident. Court documents do not disclose details of the allegations, and the female complainant's identity remains protected by a publication ban.
Read more »
US Jobs Report Preview: Labor Market Remains Sturdy Amid Inflation ConcernsThe Labor Department is set to release a crucial jobs report indicating that the US labor market remained sturdy in September. Recent data shows private companies added 90,000 jobs, an improvement from August, while layoff plans fell to their lowest levels since 2022. Despite the stability, firms are cautious about hiring due to high energy costs, geopolitical uncertainty, and potential rate hikes. Technology companies continued to account for the majority of announced job cuts.
Read more »
September’s jobs report is expected to show a labor market that’s holding steadyEconomists surveyed by Bloomberg expect the latest Labor Department data to show that the US added 85,000 jobs in September.
Read more »
September's jobs report misses: US added just 29,000 jobs, unemployment ticked upEconomists surveyed by Bloomberg expected a gain of 85,000 jobs in September.
Read more »