"By late 2025, estimates showed that 57% of current U.S. work hours could be automated with technology that already exists-nearly double McKinsey's projection from just two years prior. Half of college graduates from the last decade were underemployed a year after graduation, and nearly three-quarters stayed that way for a decade. Some 37.6 million American adults under 65 have some college credits and no credential to show for it."
"The key laws governing how Americans pay for college and access job training-the Higher Education Act and the Workforce Innovation and Opportunity Act-were last updated in 2008 and 2014, respectively, predating the rise of generative AI, the gig economy, and widespread remote work."
"The United States is failing its workers, its students, and its economy - and the window to fix it is closing fast. The report told a sombering story of a nation headed towards severe economic instability as an unready workforce becomes all the more unprepared in the midst of rising AI technologies in the workplace."
A bipartisan commission of 24 national and state policymakers, business leaders, and education experts released a comprehensive report warning that America's education and workforce systems are failing. The report highlights alarming statistics: 57% of current work hours could be automated with existing technology, half of recent college graduates are underemployed a decade after graduation, and 37.6 million adults lack credentials despite having some college credits. The commission, co-chaired by former governors Bill Haslam and Deval Patrick, emphasizes that key legislation governing education financing and job training—the Higher Education Act and Workforce Innovation and Opportunity Act—have not been substantially updated since 2008 and 2014, failing to address generative AI, the gig economy, and remote work.
#workforce-development #education-policy #automation-and-ai #higher-education-reform #economic-competitiveness
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