![Page 1: The Importance of Manufacturing and Industrial Trades Careers](https://reader035.vdocuments.us/reader035/viewer/2022062323/56815f63550346895dce5668/html5/thumbnails/1.jpg)
The Importance of Manufacturing and
Industrial Trades Careers
Dr. Josh Bullock, President
![Page 2: The Importance of Manufacturing and Industrial Trades Careers](https://reader035.vdocuments.us/reader035/viewer/2022062323/56815f63550346895dce5668/html5/thumbnails/2.jpg)
Manufacturing’s impact
• Major Impact• Largest share of exports• R&D Intensive• Manufacturing pays 19% higher than
non-manufacturing.
![Page 3: The Importance of Manufacturing and Industrial Trades Careers](https://reader035.vdocuments.us/reader035/viewer/2022062323/56815f63550346895dce5668/html5/thumbnails/3.jpg)
The “NEW” Manufacturing Age
• The Rise of On-shoring• Rebounding labor market• Regional Manufacturing• Skill intensive
![Page 4: The Importance of Manufacturing and Industrial Trades Careers](https://reader035.vdocuments.us/reader035/viewer/2022062323/56815f63550346895dce5668/html5/thumbnails/4.jpg)
Looming labor shortage is real
• Major challenges in recruiting skilled labor.
• Talent gap a major risk in achieving business strategy.
• Two-thirds of job openings require post-secondary education.
![Page 5: The Importance of Manufacturing and Industrial Trades Careers](https://reader035.vdocuments.us/reader035/viewer/2022062323/56815f63550346895dce5668/html5/thumbnails/5.jpg)
Future Labor Pool Looks Bleak
Students Parents0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
4% 4%
33%
4%
63%
92%
Agree No Opinion Disagree
Manufacturing is important to the economy
![Page 6: The Importance of Manufacturing and Industrial Trades Careers](https://reader035.vdocuments.us/reader035/viewer/2022062323/56815f63550346895dce5668/html5/thumbnails/6.jpg)
Future Labor Pool Looks Bleak
Students Parents0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
4% 4%
33%
4%
63%
92%
Agree No Opinion Disagree
Students Parents0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
35%
66%
20%
25%
17%
2%28%
8%
Not a Factor Minimal Factor Moderate Factor Major Factor
Manufacturing is important to the economy Mfg. Classes are not related to my/my child’s future
![Page 7: The Importance of Manufacturing and Industrial Trades Careers](https://reader035.vdocuments.us/reader035/viewer/2022062323/56815f63550346895dce5668/html5/thumbnails/7.jpg)
THE FUTURE WORKFORCESKILLED WORK WILL DOMINATE
![Page 8: The Importance of Manufacturing and Industrial Trades Careers](https://reader035.vdocuments.us/reader035/viewer/2022062323/56815f63550346895dce5668/html5/thumbnails/8.jpg)
Manufacturing is Evolving
Skilled jobs will far outpace others
![Page 9: The Importance of Manufacturing and Industrial Trades Careers](https://reader035.vdocuments.us/reader035/viewer/2022062323/56815f63550346895dce5668/html5/thumbnails/9.jpg)
Skilled Work in Illinois
18%
52%
30%
2008 Skills
Low Middle High
![Page 10: The Importance of Manufacturing and Industrial Trades Careers](https://reader035.vdocuments.us/reader035/viewer/2022062323/56815f63550346895dce5668/html5/thumbnails/10.jpg)
Skilled Work in Illinois
0% 10% 20% 30% 40% 50% 60%
Low Skill
Middle Skill
High Skill
18%
52%
30%
23%
43%
34%
WorkersJobs
2007
![Page 11: The Importance of Manufacturing and Industrial Trades Careers](https://reader035.vdocuments.us/reader035/viewer/2022062323/56815f63550346895dce5668/html5/thumbnails/11.jpg)
Manufacturing by the Numbers
![Page 12: The Importance of Manufacturing and Industrial Trades Careers](https://reader035.vdocuments.us/reader035/viewer/2022062323/56815f63550346895dce5668/html5/thumbnails/12.jpg)
Degree Attainment in Illinois
ADDITIONALANNUAL INCREASENEEDED
5.4%
ADDITIONALNUMBER OF DEGREESNEEDED TO MEETWORKFORCE IN 2025
1,273,954
• 40.8 percent of working adults (age 25-64) hold at least a 2-year college degree
![Page 13: The Importance of Manufacturing and Industrial Trades Careers](https://reader035.vdocuments.us/reader035/viewer/2022062323/56815f63550346895dce5668/html5/thumbnails/13.jpg)
Thank You