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  • Kim Adams-Engineering Workforce Shortages

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    The document discusses the business case for transforming education in the United States. It notes that STEM talent pipelines are threatened as STEM occupations are growing faster than others, and there will be a shortage of 70,000 engineers by 2010. Additionally, 25% of the aerospace industry and 60% of the overall workforce will soon be eligible for retirement. The supply of US students in math and science does not match this growing demand. Without significant changes to strengthen student innovation, this widening supply-demand gap and impending labor shortages will impede industry growth. The document calls for a systems approach and partnerships across multiple stakeholders to address the critical challenge of transforming US education.

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    The document discusses the business case for transforming education in the United States. It notes that STEM talent pipelines are threatened as STEM occupations are growing faster than others, and there will be a shortage of 70,000 engineers by 2010. Additionally, 25% of the aerospace industry and 60% of the overall workforce will soon be eligible for retirement. The supply of US students in math and science does not match this growing demand. Without significant changes to strengthen student innovation, this widening supply-demand gap and impending labor shortages will impede industry growth. The document calls for a systems approach and partnerships across multiple stakeholders to address the critical challenge of transforming US education.

    Copyright:

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    Download as PPT, PDF, TXT or read online from Scribd
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    Download as ppt, pdf, or txt
    93 views9 pages

    Kim Adams-Engineering Workforce Shortages

    Uploaded by

    OppEq
    The document discusses the business case for transforming education in the United States. It notes that STEM talent pipelines are threatened as STEM occupations are growing faster than others, and there will be a shortage of 70,000 engineers by 2010. Additionally, 25% of the aerospace industry and 60% of the overall workforce will soon be eligible for retirement. The supply of US students in math and science does not match this growing demand. Without significant changes to strengthen student innovation, this widening supply-demand gap and impending labor shortages will impede industry growth. The document calls for a systems approach and partnerships across multiple stakeholders to address the critical challenge of transforming US education.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as ppt, pdf, or txt
    of 9

    Business Case

    for
    Education Transformation

    Kimberly S. Adams
    Lockheed Martin
    December 11, 2009
    1
    Current Situation
    • Nationally Recognized as Critical Challenge
    – U.S. Vitality Derived From Well-Trained People and the
    Innovations They Produce
    – Need to Develop, Recruit, and Retain the Best and Brightest
    to Maintain America’s Competitiveness
    • STEM Talent Pipeline Seriously Threatened
    – Occupations Requiring STEM Skills Growing Faster Than
    Others
    – Projected Shortage of 70,000 Engineers by 2010
    – Significant Number of Anticipated Retirements
    • 25% of Aerospace Industry Eligible for Retirement
    • Baby Boomers Comprise 60% of Workforce
    – 85% of Students Not Interested in Engineering Career

    Educational System Requires Significant Changes to


    Strengthen Student Innovation Capacity
    Supply/Demand Gap Widening
    U.S. Labor Force and Job Demand 1980-2014
    U.S. Math/Science Students
    Do Not Match Demand
    SIGNIFICANT INDUSTRY PROBLEM
    LM Workforce

    25%

    20%

    15%
    ~85,000 Baby Boomers
    & Traditionals
    10%

    5%
    ~22,500 Millennials

    0%
    18-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60+

    Retirements
    Retirements Become
    BecomeCritical
    Critical Issue
    Issue in
    in ~10+
    ~10+ Years
    Years
    Labor Shortage Will Impede
    Growth
    Hiring Per Year 2008-2020

    NEED
    190,000+
    FOR
    CONSERVATIVE
    GROWTH

    STEADY STATE
    Students

    Parents

    Industry Partners

    Higher Education
    Education Transformation

    Public Education
    Systems Approach

    Non Profits

    Government
    9

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