ManpowerGroup's annual Talent Shortage Survey, reveals that 32 percent of U.S. employers report difficulties filling job vacancies due to talent shortages. This marks a decrease of 8 percent, falling from 40 percent in 2014. Globally, the percentage of employers experiencing difficulties continued to rise, increasing from 36 percent in 2014 to 38 percent in 2015.
Despite concerns about rising costs and a lack of qualified workers, purchasing and manufacturing executives at mid-sized U.S. industrial manufacturing companies remain optimistic about revenues and employment for the balance of 2014 and going forward.
Manufacturing employment is falling almost everywhere, including in China. The phenomenon is driven by technology, and there's reason to think developing countries are going to follow a different path to wealth than the U.S. did—one that involves a lot more jobs in the services sector.
At a time when technological innovations offer new growth opportunities for the manufacturing sector, a lack of talent from "rising generations" threatens its future vitality, according to ThomasNet.com's Industry Market Barometer research.