TEXT VERSION OF TITLE SLIDE:

Title: Skill Mismatch Ahead in the U.S.

Contents:

• Over the next decade, only 30% of US 20 year/olds will obtain a college degree, but 2/3's of new jobs will require a college degree
• Key skill sets will be in critically short supply:
  • # students that declared their major in computer science has declined for past 4 years-now 39% lower than in 2000
  • Other shortages: engineering, physical & biological sciences
• A growing number of high school dropouts
• Fewer high school graduates with vocational training
• Labor "imports" decreasing due to security restrictions and opportunities in rapidly developing countries

[Source: In part, The Seventh-Annual Workplace Report, Challenges Facing the American Workplace, Summary of Findings," Employment Policy Foundation, 2002; India Daily, October 12, 2005, citing McKinsey & Co. Research; Computing Research Association, March 2005; Information Week, August 16, 2004; Holding on to Global Talent: Foreign-born stars are heading home. How to keep them working for you" by Anne Fisher, Fortune Magazine, October 19, 2005. Organization for Economic Co-operation and Development]