Building the Workforce of the Future
The Bay Area’s high-value innovation economy requires increased availability of qualified workers across our region’s broad socioeconomic spectrum. The gap between employer workforce needs and the skills that job applicants possess is a growing economic concern. Workers and educators need better information about the changing economy and the skills that are most needed for today’s high-demand jobs. Employers need new ways to engage and influence their workforce supply chain
In order to meet future workforce needs, employers also need to tap into disconnected populations including the region’s boys and men of color (BMoC). Young men of color are more often born into systemic poverty, have unemployment rates higher than their counterparts, and have lower median wages at all levels of education.
Today, 69% percent of the Bay Area’s youth are people of color. Businesses cannot afford to ignore these rapidly shifting demographic and generational trends. We must engage people of color in the Bay Area workforce.
Teresa Briggs, Vice Chair and West Region and San Francisco Managing Partner, Deloitte
Glenn Shannon, President, Shorenstein Properties