The vast liberalization of international trade and the relatively free movement of capital on a global scale no longer move parallel with the freedom of migration. OECD members are afraid to flood their countries with poor immigrants from Africa, Asia, Latin America, and Eastern Europe. However, developed countries are now willing to accept talented young graduates who gained their education in less developed countries and now want to offer their skills to foreign labor markets for a “better life.”
Constantly growing in response to increased population and demand, the manufacturing sector must rely on a skilled, talented work force to continue to bring innovation to the industry. Addressing this growing demand, Deloitte LLP, in conjunction with the Manufacturing Institute, has produced a report outlining the present and future needs of manufacturers. High on the list of concerns is an ever growing skills gap between the workforce talent needed and the talent available to hire.
Within the next decade, more than 50 percent of new jobs will require employees are trained in STEM skills. However, too many students are leaving school without any of the skills they need to thrive in a changing job market. How can we address this skills gap in our global workforce?
It has been five years since the official end of the Great Recession in the United States, and yet young people are still reeling from its effect. About 5.8 million young people are out of work and out of school. Throughout the country, unemployment for young people reaches as high as twice the national unemployment rate. Clearly, an entire generation has been devastated by the economic crisis. But while young people face serious challenges, they also stand to take advantage of some incredible opportunities.
In 2011, the World Economic Forum (WEF) made the brave decision to create the Global Shapers community, a community that follows the 2005 Young Global Leaders Initiative and aims to bridge the gap between those below 30 and those above 40 years old. The mandate of the WEF, and its fundamental motto, is to bring in the community of young, passionate, future leaders with exceptional potential and strong commitment to improve the state of the world. The Global Shapers community does just that.
Mark Twain once said, “History does not repeat itself, but it rhymes.” Let’s recognize the unique moment in history that we currently find ourselves. We are experiencing the Second Human Potential Movement, and this time it has the potential to be much more inclusive. The first Human Potential Movement started in the 1960s with places like Esalen in Big Sur and people like Aldous Huxley, Abraham Maslow, and Alan Watts. It was formed around the belief that humans have extraordinary untapped potential that can be cultivated to enable our lives to be filled with happiness, creativity, and fulfillment.
As some superb books have come out about entrepreneurship and startups from the legends of Silicon Valley–most notably by venture capitalist Ben Horowitz, investor Peter Thiel and founder of LinkedIn Reid Hoffman–one might wonder what more is there to say.
Despite growing interdependence, private sector representatives often know everything about their own business and their markets but very little about their larger public sector environment. Acquiring such knowledge is a lifelong learning process that should start in business school. Knowing the public sector, its national and international policies as well as its representatives will help private sector entities to avoid costly political mistakes.
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