Ending the extra $300 Pandemic unemployment payments is not having an impact on workforce participation. The data is early (payments ended in June) as studied by Columbia University, Harvard University, and UMass Amherst – and reported on CNBC this week.
The reality: we have math problem and a skill mismatch in the craft and technical trades. There are simply not enough people with the skillsets to meet the demands – now, and over the next 10 years.
In order to compete in the future, you must be able to create some of your own workforce pipeline. This doesn’t just happen. You must be intentional. Ready. Recruit. Retain.