The Workforce Competitiveness Trust Fund delivers the best bang for the State’s buck, so let’s fund it!
According to a recent survey, two thirdsof employers in Massachusetts have trouble finding workers with the right skills. That’s not surprising when you consider that one in threeadults in our state have only a high school diploma or less. Not to mention, nearly one third of the state’s labor force is over the age of 55 and will be retiring soon. These are among the realities that combine to create a perfect storm, threatening the stability our statewide economy.
March 2, 2018: A broad, statewide coalition of business, education, and community groups, including SkillWorks and advocacy partners with the Workforce Solutions Group, convened at the State House on Friday to urge the Governor and Legislature to redouble their efforts to expand access and boost funding for career and technical education (CTE) in Massachusetts.
In case you missed it, the Workforce Solutions Group (WSG), with support and in partnership with SkillWorks, successfully hosted the7th Annual Massachusetts Jobs and Workforce Summit on Wednesday, October 26 in Devens, MA. Every year, the Workforce Solutions group brings more than 300 key policy makers, business, labor, and education leaders, to present the latest information about statewide labor and credential needs, higher education initiatives and career pathways for young adults. This year’s theme? We Mean Business!
Workforce training gives people the skills they need to get good jobs and support their families. These programs are also important to our Commonwealth more broadly, since we rely on well-educated, highly-skilled workers to sustain our state’s high-wage economy.
Despite the evidence that workforce training gives people the skills they need to succeed, state funding for workforce training has fallen over time, down 30 percent between Fiscal Years 2001 and 2017, as indicated below. MassBudget’s new paper Investing in People: Workforce Training in the Massachusetts State Budget analyzes these long-term trends while also walking users through our interactive on-line Jobs & Workforce Budget tool. Together these resources describe each workforce training program funded by the state, show funding histories, and highlight broader trends across programs that provide similar supports. The Jobs & Workforce Budget also provides highlights from this year’s state budget.