STEM Outreach: Fall 2017 Brief Gary J. Beach Garybeachcio@gmail.com @gbeachcio 508 654 8462
Agenda Big Picture IT Labor Situation Action Needed Consequences
255,000,000 (16-64) Source: BLS October 2017
161,000,000 Employed Source: BLS, October 2017
94 M Not Participating (Lowest Participation Rate Since 1979)
6,801,000 Unemployed Source: BLS, October 2017
6,100,000 “Open” Jobs Source: BLS, October 2017
Skills Gap Debate
Anemic Job Growth
Meager Wage Growth
”Zombie issue that should be killed.” Nobel Laureate Economist Dr. Paul Krugman
Are You Too Selective?
Are The Skills There?
U.S. Adults Also Lag Source: OECD, December 2015
Annual GDP Productivity Hit of $160 Billion
$438 Million A Day
The IT Market
A “Worrisome” Issue
Shortfall of 1,800,000 IT Jobs By 2022
Market must create 954 new IT jobs every day until 21/31/22
Toughest Jobs to Fill
Skills That Matter.
IT Jobs Open 90+ Days 553,000
4th Industrial Revolution
“Not exactly clear where humans will fit in.” Professor Erik Brynjolffson, MIT IDE
Action Needed.
Start Early
Super Grover! www.sesamestreet.org
Get Involved/Local
Rebrand Yourself
No Resumes.
Create Perfect Candidate
Are You Guilty Of Overcredentialing?
Go back to school.
Embrace apprenticeship & Intership Programs
Be diverse.
Consequences.
Yuasa’s Phenomenon
New Competition
“Talentism is the New Capitalism.” Dr. Klaus Schwab, Founder, World Economic Forum
“Grow People”
Thank you. garybeachcio@gmail.com