Thanks to the skills gap, five out of 10 skilled worker positions in U.S. manufacturing are vacant; skills are specific, require training and unique skill sets and can take months to fill. (Photo: Shutterstock)
In a tight labor market, it could be music to workers' ears to hear that there are so many skilled jobs available in the manufacturing industry—but not to employers' ears.
Yet, according to a new 2018 skills gap study by Deloitte and The Manufacturing Institute (the social impact arm of the National Association of Manufacturers), 2.4 million skilled jobs are projected to go unfilled by 2028. Currently the number of open slots is about 488,000. This gap, the projection adds, could mean that $454 billion in manufacturing GDP could be at risk in 2028, or more than $2.5 trillion over the next decade.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
