WHAT CAN WE DO?
CAN WE RETRAIN OUR WORKFORCE IN
ORDER TO DEAL WITH WHAT IS A
TIGHTENING LABOR MARKET?
JOINING ME RIGHT NOW THE
ADMINISTRATOR OF THE U.S. SMALL
BUSINESS ADMINISTRATION, LINDA
McMAHON.
I WOULD SAY IS NOT ENTIRELY
TIGHTENING OPENING UP IN SOME
WAYS, LINDA, GOOD TO HAVE YOU
TRISH: TALKING ABOUT SUCH AN
THE RIGHT WORKERS BECAUSE
THEY'RE NOT PROPERLY TRAINED.
WHAT IS REALLY GOING ON?
>> I CAN TELL YOU WE ARE
ENJOYING A ROBUST ECONOMY.
YOU KNOW, THERE HAVE BEEN
3.7 MILLION JOBS CREATED SINCE
THE PRESIDENT TOOK OFFICE.
AND SO, AS THE TAX CUTS AND
KEPT GROWING, MORE JOBS ARE
AVAILABLE THAN FOR THE FIRST
TIME THAN WE HAVE WORKERS FOR.
WHEN I'M OUT VISITING SMALL
BUSINESSES, THE NUMBER ONE ISSUE
THEY'RE TALKING TO ME ABOUT IS A
TO DO WITH THIS EXECUTIVE ORDER,
THIS IS THE ORDER FOR THE
AMERICAN WORK ARE BUT IT IS
GOING TO BE HELPING BUSINESSES
AS WELL BECAUSE THERE ARE TWO
DIFFERENT PLATFORMS THAT WILL BE
SET UP.
ONE WILL BE THE INTERAGENCY
COUNCIL THAT MEMBERS OF THE
CABINET THAT ARE -- IT IS GOING
TO BE CHAIRED BY SECRETARY
ACOSTA AND SECRETARY ROSS.
I WILL SERVE IT ON AS WELL WITH
OTHER CABINET MEMBERS AND OTHER
GOVERNMENT OFFICIALS.
THE SECOND PART OF IT WILL BE AN
THE OUTSIDE, FROM BUSINESS, FROM
STATE GOVERNMENTS, ET CETERA,
WHO WILL BE PROVIDING INPUT TO
RAISE AWARENESS THAT WE NEED TO
DO ABOUT THIS CRITICAL SHORTAGE
OF THE WORKFORCE.
>> THE COMMITTEE WILL BE WORKING
WITH PRIVATE INDUSTRY WHO WILL
BE COORDINATING WITH OUR
EDUCATIONAL, INSTITUTIONS,
VOCATIONAL SCHOOLS, FOUR YEAR
INSTITUTIONS TO LOOK WHAT
EDUCATION NEEDS, HOW THEY CAN
RESTRUCTURE THE PARADIGM OF
EDUCATION TO FIT THE NEEDS OF
BUSINESS.
SO WE NEED A SKILLED WORKFORCE.
WE NEED MORE STEM COURSES.
WE DON'T NECESSARILY NEED
FOUR-YEAR INSTITUTIONS THAT ARE
PROVIDING EDUCATION WHERE THEY
ARE TODAY TO FILL THE JOB
ABOUT IT, ARE GOING TO BE
SO REALLY GETTING MORE AND MORE
SKILLED WORKERS INTO THE
WORKFORCE IS GOING TO BE VERY
IMPORTANT FOR SMALL BUSINESSES.
TRISH: WHAT DOES THAT MEAN
THOUGH, SKILLED WORKER?
I MEAN IT'S, MEANS A LOT OF
DIFFERENT THINGS BECAUSE THERE
IS A LOT OF DIFFERENT SKILLS OUT
THERE BUT IS THERE A WAY TO SUM
IT UP WITH SCIENCE?
>> I THINK IT IS ACTUALLY
TRAINING THE WORKERS FOR THE
SKILLS THAT INDUSTRY NEEDS.
SOMETIMES THAT MIGHT BE STEM.
IT MIGHT BE COMPUTER
ENGINEERING.
IT MIGHT BE THOSE SKILLS THAT
ARE FOR, YOU KNOW, MACHINE
LEARNING, FOR ARTIFICIAL
INTELLIGENCE BUT ALSO, IF YOU
THINK ABOUT THE COMPANY FOXCONN
THAT IS GOING TO BE COMING TO
WISCONSIN IN 2020.
THEY WILL BRING 13,000
WORKERS TO BUILD THE BUILDING.
WHEN I SAY A SKILLED WORKFORCE,
IT IS A WORKFORCE THAT WILL FIT
THE NEEDS OF INDUSTRY TODAY.
MORE THAN 15 MEMBERS OF INDUSTRY
TODAY WHO ARE GOING TO SIGN A
PLEDGE THAT THEY ARE GOING TO
ENCOURAGING OTHER COMPANIES TO
CREATE APPRENTICESHIP PROGRAMS
BECAUSE WE FOUND SUCCESSES,
COMPANY THERE ALREADY
ESTABLISHED APPRENTICESHIP
PROGRAMS IN EIGHT CITIES OUTSIDE
THEY ARE GOING TO INVEST IN
ABOUT THE NEXT FIVE YEARS
$15 BILLION.
AND THAT WILL HAVE A DOWNSTREAM
EFFECT OF 19 BILL DOLLARS FOR
WORKERS IN COMPANIES.
TRISH: WE NEED TO PAY ATTENTION
TO IT FOR SURE.
I'M GLAD YOU GUYS ARE.
REALITY IS YOU GO TO SCHOOL
THESE DAYS, YOU'RE NOT EQUIPPED.
TO HIGH SCHOOL, MAYBE NOT EVEN
FINISH HIGH SCHOOL, BUT GET A
JOB TO TAKE CARE OF YOUR FAMILY.
WE LOST THAT ABILITY.
WE HAVE PEOPLE COMING OUT OF
FOUR-YEAR COLLEGES WITH TONS OF
DEBT, WITH NO ABILITY TO TAKE
CARE OF THEMSELVES OR ANY FAMILY
MEMBERS.
SO I APPRECIATE THE FOCUS YOU
GUYS ARE PUTTING ON THIS.
THINK ABOUT IT, A COMPANY, I
KNOW COMPANIES NOW GOING INTO
VOCATIONAL SCHOOLS AND OUR
COMMUNITY COLLEGES AND PUTTING
EQUIPMENT IN THERE TO TRAIN
STUDENTS ON.
COOPERATIVE PROGRAM WHEREBY THE
STUDENT WILL BE IN CLASS FOR TWO
DAYS A WEEK AND THEN WORK ON THE
FLOOR OF THE COMPANY THREE DAYS
A WEEK AND GET PAID WHILE
THEY'RE DOING IT.
TRISH: NICE.
>> WHEN THEY GRADUATE AND FINISH
SO THE PRIVATE SECTOR, THE
PRIVATE SECTOR IS GOING TO HAVE