The Workforce Narrative project, a two-year initiative funded by The Annie E. Casey Foundation, examined new ways of thinking about workforce development, and the challenges presented by lacking attention from policymakers to this critical system. As part of the project, this report provides historical and economic rationale for increased workforce development investment; as well as possible economic challenges and opportunities for future workforce development.
A Region-By-Region Approach to Workforce Investment
Findings & Stats
Workforce demand varies by industry clusters within specific regions, so understanding clusters of opportunity is a critical first step to determine demand.
Because labor supply varies by regional labor markets, it’s important to take a region-by region approach to determine skills within a region – and how that matches with industry cluster demand by region.
Clusters of opportunity involve more than export industries. By better understanding the relationship between export- and population-driven industries, we can more clearly identify career ladders.
Statements & Quotations
By ‘disaggregating’ the economy by region and industry clusters and determining how specific demands for skills and career paths are changing relative to skills in a regional labor market, it is possible to begin to develop a more dynamic understanding of technology change and occupational restructuring.
At a time of rapid transformation of regions as a result of globalization, technology change, occupational restructuring and demographics trends, it is the best insurance policy of regional businesses and workers to invest in skills that meet the needs of their industry clusters in order to remain competitive.
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