ADN Compilation: Four Year College vs Trade School…Which is Better for U.S.?
WSJ Poll: Americans Losing Faith in College Degrees
By Tom Ciccotta 8 Sep 2017
A poll published on Thursday by the Wall Street Journal reveals that Americans are losing faith in college degrees.
According to the Wall Street Journal/NBC News poll, only 49 percent of Americans now believe that a four-year degree will lead to a good job and higher lifetime earnings. An overwhelming 47 percent claimed that they don’t believe a four-year degree will increase job and earnings prospects.
The 2017 Industry Week Salary Survey: Smooth Sailing on Pay as Skilled Jobs Go Unfilled
By: Laura Putre Mar 07, 2017
The No. 1 concern in the HR portion of our survey was the lack of skilled workers to fill open positions. A less-than-adequate technical training pipeline and the industry’s inability to connect with young people as they decide on a career are leaving a worrisome void.
“There seems to be no effort to train people to adequately fill positions that will be left empty by individuals retiring in the next few years,” wrote a quality manager whose workplace has machine maintenance and operator jobs to fill.
Last year, the most unfilled jobs were, in ranking order, engineer with a bachelor’s degree or above, industrial maintenance, quality specialists and sales. This year, engineer still held the top spot, with 25% of respondents having difficulty filling those jobs, but it was followed by machinist (13.7%), production laborer (12%) and management (11.5%)
Is U.S. manufacturing prepared to meet the talent needs of 2015 and beyond?
Sponsored by The Manufacturing Institute and Deloitte
Over the next decade nearly 3 ½ million manufacturing jobs likely need to be filled. The skills gap is expected to result in 2 million of those jobs going unfilled. There are two major contributing factors to the widening gap – baby boomer retirements and economic expansion. An estimated 2.7 million jobs are likely to be needed as a result of retirements of the existing workforce, while 700,000 jobs are likely to be created due to natural business growth.5 In addition to retirements and economic expansion, other factors contribute to the shortage of skilled workforce, including loss of embedded knowledge due to movement of experienced workers, a negative image of the manufacturing industry among younger generations, lack of STEM (science, technology, engineering and mathematics) skills among workers, and a gradual decline of technical education programs in public high schools.
Figure 2: Skills in which manufacturing employees are most deficient
technology/ computer skills 70%
problem solving skills 69%
basic technical training 67%
math skills 60%
Note: Percentage indicates the percentage of executives who did not opt for “Extremely sufﬁcient” or “Sufﬁcient”
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Maybe You Should Have Gone to Trade School
By Rachel Ryan Oct 08, 2013
You want to show employers you’re really worth your salt? Forget undergrad, where’s that master’s?
Naturally, people are going to start asking, “Well, what’s the point?” Why take on all that debt for a relatively meaningless degree?
“The only position a B.A. qualifies you for these days is an underpaid internship,” lamented a recent college graduate. “I’ll take it though. What other choice do I have?”
Well, actually, there are other options. Employers in the stereotypically “blue collar” manufacturing industry are want for skilled workers. And as demand for these skilled workers increases, so too does compensation. Again with the basic economics! A 2012 salary survey by IndustryWeek found that manufacturing managers earned an average salary of $99,643, while the median was $86,000.