One home improvement company is putting in the effort to create more skilled workers over the next ten years.
Lowe’s is partnering with companies like Nvidia, AT&T, General Motors, Bank of America and others in the Building Futures Skilled Trades Coalition. The organization announced its intent to “train and certify 1 million skilled tradespeople by 2035,” Fox Business reported.
“The cross-sector coalition – billed as the nation’s largest – includes more than 75 businesses, educators, workforce organizations and industry leaders,” the outlet added.
The move to close the skills gap was launched four years ago by the Lowe’s Foundation, but the addition of so many other entities will breathe new life into a project that aims to improve the lives of Americans around the country.
“No one entity can solve this. The Lowe’s Foundation is uniquely positioned because of our success and experience that we’ve had over the nearly four years,” said Janice Dupré, executive vice president of human resources and chair of the Lowe’s Foundation. “I believe collectively, with all these wonderful partners coming together, we’re going to solve this for the country.”
“The skilled trades are continuing to be depleted because for every five people that retire in the skilled trades, only two people are getting introduced into the profession. It’s just eroded over time where students have been encouraged to go get their college degree, and no one’s taking over the family business,” she continued. “The skilled trades are continuing to be depleted because for every five people that retire in the skilled trades, only two people are getting introduced into the profession. It’s just eroded over time where students have been encouraged to go get their college degree, and no one’s taking over the family business.”
“She noted that the U.S. economy is facing a shortage of 2 million workers in the skilled trades, which is having an estimated impact of $1 trillion per year,” Fox Business wrote.
Unlike college degrees that take years and can force you to rack up tens of thousands in debt, vocational courses are much shorter and lower-cost.
When you look at a lot of these skilled trades programs, some of them can take 90 days of training and certification. Some of them that are more in-depth could take up to six months. Very low-cost models are what we have seen in our partnerships that we have that we’re funding,” Dupré explained. “These are careers you can get into with very low debt. But when you look at master plumbers and electricians, these folks are making six-figures. These are not low-paying jobs, these are high-demand jobs.”
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Sierra Marlee is a millennial whose hunger for the truth in a world of fake news has led her to write. Marlee also contributes to BizPac Review.
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