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Report: Skills shortage threatens future earnings and growth prospects of US manufacturers

from The Wall Street Journal

U.S. manufacturers may be losing up to 11 percent annually of their earnings as a result of increased production costs stemming from a shortage of skilled workers, according to a new study from Accenture and The Manufacturing Institute. The scale of the issue is illustrated in the study, "Out of Inventory: Skills Shortage Threatens Growth for U.S. Manufacturing," in which 39 percent of the 300 U.S. manufacturing executives surveyed described the shortage of qualified, skilled applicants as "severe," and 60 percent said it has been difficult to hire the skilled people they need. more


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