Dive Summary:
- Many analysts have scoffed at recent projections that show a resurgence of U.S. manufacturing by the end of the decade.
- Their uneasiness was based on an observed and serious skills gap between American workers and their international counterparts.
- A new report shows, much to the contrary, this gap is a lot smaller than many think, and perhaps even negligible, a good sign for American manufacturing.
From the article:
The skills gap in U.S. manufacturing today is more limited than many people believe and is unlikely to prevent a projected resurgence in U.S. manufacturing by the end of this decade. But more severe shortages could develop, threatening to constrain that revival, unless aggressive steps are taken now, according to new research by The Boston Consulting Group (BCG).BCG estimates that the U.S. is short some 80,000 to 100,000 highly skilled manufacturing workers. That shortage represents less than 1 percent of the nation's 11.5 million manufacturing workers and less than 8 percent of its 1.4 mil...
