The United States is undergoing a dramatic demographic transformation. According to research by the U.S. Census Bureau, one in five Americans will be 65 or older by 2030. By 2035, retirement-age Americans will outnumber those under 18. This article explores what this means for the manufacturing skills shortage.
Generating around 12.75 million jobs, and producing 18.2% of the world’s goods, US manufacturing is colossal. What’s more, according to the National Association of Manufacturers, every dollar spent in manufacturing adds $1.89 in business growth in other supporting sectors, such as retailing, transportation and business.