
The United States is approach a significant skills shortage, according to a new report from the Georgetown University Center for Education and the Workforce (CEW). This gap stems from a combination of demographic, economic, and educational challenges reshaping the labor market.
Over the next seven years, more than 18 million workers with higher education are anticipated to retire - surpassing the 13.8 million graduates with comparable qualifications expected to enter the workforce. Meanwhile, the economy is forecasted to add more than half a million new jobs requiring post-secondary education, with an increasing percentage of positions demanding training beyond high school. Of the 561 occupations analyzed in CEW's report, 171 are projected to experience skills shortages, with the largest gaps expected in managerial roles, teaching, and nursing.
These challenges are compounded by the so-called "demographic cliff" - a decline in the number of high school graduates entering the pipeline. Although enrollment in post-secondary education is projected to rebound slightly over the next decade, it will still likely remain below 2010 levels.
To learn more about the nation's predicted...