The Fourth Industrial Revolution is transforming the world
A recent study on our evolving workforce found a widening gap between the jobs that need to be filled and the skilled talent pool capable of filling them. The skills gap is estimated to be 2.4 million positions in the next ten years. However, long-term, new technology is likely to create more jobs than it eliminates.
These changes in the workforce are a catalyst for expanded economic opportunities for Californians. New Way believes every Californian should have the opportunity to go as far as their abilities and drive can take them.
WHAT IS CAUSING THE CHANGE?
A Shortage of Labor
Declining Productivity Growth
A More Competitive Export Market
Bold Moves by China
HOW DO WE ADAPT?
Countries like China have already seen the writing on the wall and have begun to adapt their operations accordingly. In order for the U.S. to stay competitive, it must recognize the changes that are coming in the aging workforce and necessity for automation and make proactive plans to avoid getting left behind.