The Importance of Manufacturing and Industrial Trades Careers Dr. Josh Bullock, President.

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Presentation transcript:

The Importance of Manufacturing and Industrial Trades Careers Dr. Josh Bullock, President

Manufacturing’s impact Major Impact Largest share of exports R&D Intensive Manufacturing pays 19% higher than non-manufacturing.

The “NEW” Manufacturing Age The Rise of On-shoring Rebounding labor market Regional Manufacturing Skill intensive

Looming labor shortage is real Major challenges in recruiting skilled labor. Talent gap a major risk in achieving business strategy. Two-thirds of job openings require postsecondary education.

Future Labor Pool Looks Bleak Manufacturing is important to the economy

Future Labor Pool Looks Bleak Manufacturing is important to the economy Mfg. Classes are not related to my/my child’s future

THE FUTURE WORKFORCE SKILLED WORK WILL DOMINATE

Manufacturing is Evolving Skilled jobs will far outpace others

Skilled Work in Illinois

2007

Manufacturing by the Numbers

Degree Attainment in Illinois ADDITIONAL ANNUAL INCREASE NEEDED 5.4% ADDITIONAL NUMBER OF DEGREES NEEDED TO MEET WORKFORCE IN ,273, percent of working adults (age 25-64) hold at least a 2- year college degree

Thank You