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Debunking the Skills Gap Myth: Wisconsin Workforce Realities

Explore the truth behind the skills gap in Wisconsin with insights from industry leaders. Discover why the narrative of job shortages and skill mismatches might not align with the actual workforce trends. Gain valuable perspectives on job creation, workforce development, and the importance of addressing the evolving needs of the labor market.

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Debunking the Skills Gap Myth: Wisconsin Workforce Realities

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Presentation Transcript

  1. The Skills Gap: Is it Real?

  2. Participants • Marc Levine • The founding director of the Center for Economic Development at UW-Milwaukee • Author of "The Skills Gap and Unemployment in Wisconsin“ • Eric Isbister • CEO and co-owner of GenMetCorporation • Leading workforce development advocate in Milwaukee • Michael Reader • President of Precision Plus • Manufacturing workforce advocate in Elkhorn

  3. Skills Gap Myth • Job Creation Crisis • Perfect skills match only employs one of five • Good at creating low-skill jobs • Skills are one of many issues – not the major issue • Numbers don’t support a shortage • Wages are stagnant or declining • Hours worked are not increasing • Vacancies are open for the same amount of time • High Skilled Workforce – Growing percentage of four-year degrees

  4. Skills Gap Reality • Skills Crisis – Good jobs are going unfilled • Consistent, National Issue • 600,000 jobs open • 82% of manufacturers reporting a shortage • Four-year degree focus limits career possibilities • Current Training is not working • Certifications/Diplomas/Degrees – “weakest link” • Soft skills aren’t in place

  5. The Contrast

  6. Some Bridges? • Manufacturing is critical to Wisconsin’s economy • 19% of GSP – multiplier effect • 18% of the state’s private, non-farm workforce • 93% of Wisconsin's exports • Growth & Persistence of Long-Term Unemployed • Soft skills are a major part of the problem • Today’s workers are not “foot pedal extensions” • It’s vital that we increase the number of family-supporting jobs & the people qualified to fill them

  7. Discussion

  8. Questions?

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