Is the Manufacturing Skills Gap a Myth?

That’s the conclusion of a recent study by the Boston Consulting Group, at least for now.  Bloomberg Businessweek has the details:

Many factory managers claim they’re already suffering from a skills shortage. Sixty-seven percent of respondents reported a moderate to severe shortage of available qualified workers in a survey last year by Deloitte Consulting for the Manufacturing Institute, an affiliate of the National Association of Manufacturers.

BCG senior partner Harold Sirkin, co-author of the research and a Bloomberg Businessweek contributor, says manufacturers could solve most of their problems finding good people by offering higher pay and training new hires. He says there’s no reason that a skills shortage need derail the “manufacturing renaissance” BCG has been forecasting. The consulting group predicts that rising U.S. exports and “reshoring” could create 2.5 million to 5 million U.S. jobs in manufacturing and related services by decade’s end.

The full post is here.

Tags: , , , , , ,