MSSC feels that Trump policies can close manufacturing skills gap
WASHINGTON, D.C.-The Manufacturing Skill Standards Council (MSSC) positively reacted to President Trump’s State of the Union message, where he called upon the nation to “invest in workforce development” and “open great vocational schools.” In making this proposal, the President reinforced his recognition that robust national leadership is needed to upskill the American workforce. He also demonstrated the boldness of this commitment in his call for “new apprenticeships for millions of our citizens.”
Most importantly, the MSSC feels that the President’s tax bill has given industry the resources and incentives to greatly increase their share of the public-private resources critically needed to fund high-quality vocational schools nationwide. Corporations now have additional funds to build a robust pipeline of a higher skilled workforce able to keep pace with technological change.
Corporations will take full advantage of the remarkable provisions in the tax bill that now enable them to immediately deduct their purchases of equipment and software. These companies are the first to recognize that they require a higher skilled workforce to keep pace with technological change and secure an optimal return on these costly investments.
The President’s goal for apprenticeships can only be achieved through a much larger private sector investment. In the much-admired Swiss apprenticeship model, companies pay 45 percent of the costs for vocational training.
This skills gap remains a major barrier to the President’s goals of creating a manufacturing renaissance and attracting foreign direct investment in new plants in America. Fortunately, the manufacturing sector has developed the building blocks needed to close the manufacturing skills gap. However, these building blocks are fragmented and underfunded. They need to be integrated into a nationwide strategy and cohesive community supported by national leadership and sufficient private and public resources. MSSC feels that President Trump’s policies define that strategy.