Dallas Fed President: ‘Companies suffering from a shortage of skilled labor’

By November 13, 2006General

We were just e-mailed this Reuters story and, as soon as we saw the topic, we immediately saw the need to write a rare evening post on it.

Today, Federal Reserve Bank of Dallas President Richard Fisher delivered a speech today before the annual meeting of the Texas Lyceum and echoed what we at the NAM have been saying for a long time: that manufacturers are faced with a critical shortage of skilled workers. In fact, research estimates that by the year 2010, we’ll face a shortage of some 8 million skilled workers, rising to 14 million by 2020.

The Fed President said, “Throughout this nation and especially in the state of Texas … (companies are) suffering from a shortage of skilled and semi-skilled labor.”

So, its nice to see some pretty smart economists sharing our views on this important issue. We couldn’t of said it better ourselves.

To learn more about finding skilled workers for your company, check out Recruit Military or if you’re a young person looking for a promising career that pays well, check out Dream It. Do It.

Good night.