New research shows that the reality of today’s wage gap is more complicated than the figure often bandied about in Washington—“80 cents to a man’s dollar.” In fact, the gap might actually be much worse, yet much simpler to fix, than we assume.
According to a new analysis of historical wage data by the Institute for Women’s Policy Research (IWPR), the oft-cited 20 percent gap, which focuses on short-term earnings, misses the context of women’s lives. When mapped over 15-year periods, the long-term gender earnings gap might widen to as much as 50 percent.
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from Industry Week Magazine:
As the economy continues to improve, employers will invest greater sums into the training and development of their employees.
More training and development will be utilized to fill the gaps in employee skill sets and will help companies work to full capacity in an improving economy. This will be essential for Generation Z employees, who are demonstrating a soft skills gap in the workplace.
Technological/AI advancements will continue to influence the workplace.
Trends that began in 2017 will accelerate in 2018, affecting employment opportunities across the board. Examples include fast food chains adding ordering kiosks and warehouses using automated order pickers. Chatbots – programs that facilitate text conversations – are expected to save companies millions of dollars in salary expenditures annually, as will similar forms of artificial intelligence.
Three questions on retraining and the future of work with economist Jay Shambaugh.
What can individual workers do to better prepare themselves for the workplace of the future?
The silliest but probably most honest one is stay in school. I am a total believer that for the economy as a whole, education is not a sufficient way to solve wage-growth problems. But for an individual, it is. For an individual, the more education you have, the lower your unemployment rate and the higher the wages will be over your career. The other thing is to back politicians and policies that are supportive of what you think you need in your working life.
Who do you think has the responsibility to retrain workers, and who do you think is doing it effectively?
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The Sling Shot Project Job Training Project. A Collaboration between the VWDB and Glendale Community College.
Care Coordination is a fast growing career in the healthcare industry. This course will assist individuals in enhancing their careers as a Home Health Aides, Medical Assistants or LVNs by gaining skills and knowledge used in hospitals, clinics and other patient care settings.
The VWDB/VJC has a limited number of course fee grant waivers. See flyer for contact and application information.
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The Verdugo Jobs Center has been awarded the Verdugo Sector Skills Project, which is a grant that provides free vocational training and job placement services to individuals that have been affected by recent layoffs from 10 specific companies such as, Nestle; Shire; Disney; Castaway and many more. Space is limited, all interested are encouraged to contact Veronica Parra email@example.com or call 818-409-7236. If you’ve been laid off from any company, contact the VJC to find out if there are any other grants you can qualify for.
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