Inflection Point: Supply, Demand and the Future of Work in the Pittsburgh Region (2017-18)
The original report’s findings, echoed in this year’s update, indicate clearly that over the next decade our workforce will be characterized by large scale retirements, slow population growth, and increasing skill demand across all occupations. At the same time, many of our traditional industries will continue to be disrupted by technological advances, requiring that employers and talent keep pace with this change to remain competitive.
While the challenges are exacerbated by the fact that we face a potential shortfall of workers with the right skills for the jobs we will have, there is real cause for optimism. As this 2017-18 update documents, far reaching business investment decisions have been made in the past year that have strong, positive workforce implications, whether it be a multi-billion dollar investment in an ethane cracker, billion dollar investments in our unique technology assets such as autonomous vehicles, or those active investments of time and energy being made by our region’s educators and businesses to grow a more nimble and strong talent pipeline.
The original report’s findings, echoed in this year’s update, indicate clearly that over the next decade our workforce will be characterized by large scale retirements, slow population growth, and increasing skill demand across all occupations. At the same time, many of our traditional industries will continue to be disrupted by technological advances, requiring that employers and talent keep pace with this change to remain competitive.
While the challenges are exacerbated by the fact that we face a potential shortfall of workers with the right skills for the jobs we will have, there is real cause for optimism. As this 2017-18 update documents, far reaching business investment decisions have been made in the past year that have strong, positive workforce implications, whether it be a multi-billion dollar investment in an ethane cracker, billion dollar investments in our unique technology assets such as autonomous vehicles, or those active investments of time and energy being made by our region’s educators and businesses to grow a more nimble and strong talent pipeline.