Reshoring and the Skills Gap
Earlier this month, we posted an article by Harry Moser, founder and president of the Reshoring Initiative, whose mission is to bring good, well-paying manufacturing jobs back to the United States by assisting companies to more accurately assess their total cost of offshoring.
In another article also reprinted at MSCI’s Edge with permission from Assembly Magazine, Moser looks at the United States’ skills gap and labor shortage, noting, “For more rapid reshoring to take place, we need a more highly skilled and larger workforce.” (Moser’s article, originally published earlier this year, was prescient: this fall, the United States’ unemployment rate fell to its lowest mark in nearly half a century, and there are more than seven million jobs now available in the United States.)
The first step to bridging the manufacturing skills gap, Moser advises, is to address the “misperception” among younger workers about the industry. The second is to “tap into new talent pools, such as women, millennials and Generation Z to find qualified applicants.” Read Moser’s full article here.