ERIC Number: ED603036
Record Type: Non-Journal
Publication Date: 2019-Oct
Pages: 86
Abstractor: ERIC
ISBN: N/A
ISSN: N/A
EISSN: N/A
Growing the American Workforce: Bolstering Participation Is Critical for US Competitiveness and Economic Strength
Committee for Economic Development of The Conference Board
In a rapidly changing 21st-century economy with growing competition from abroad, continuing to field a world-leading, skilled workforce is both more essential and more challenging than ever to the mission of delivering increasing prosperity for American families and preserving our nation's economic leadership. The US must therefore confront its demographic challenges, as an aging population and slowing labor force growth pose risks to the economic strength and fiscal health of the country. To help confront these challenges and offer policy makers and business leaders balanced, reasoned solutions in the public interest, CED has formed a new subcommittee focused on growing and strengthening the American workforce. The Committee for Economic Development of The Conference Board believes that long-term American leadership, prosperity, and competitiveness hinge on the contributions of our nation's workforce. Business leaders interested in having access to the best talent for their companies and helping the country prosper must take the lead in creating a welcoming work environment where all Americans, regardless of background or identity, can make contributions in line with their talent and potential. But individual action will not be sufficient. As outlined in this report, achieving these improvements will require business leaders to work with policy makers and advocate for a range of policies to incentivize work and reduce the barriers that are currently preventing workers from achieving their employment goals. This report outlines four ways business leaders and policy makers can improve labor force participation and attachment. They can: (1) Strengthen the Earned Income Tax Credit (EITC) for adults without qualifying children; (2) Lessen barriers to participation through improved employee-employer matching and increased mobility; (3) Help parents remain connected to the workforce and meet family responsibilities; and (4) Support older workers who wish to remain working.
Descriptors: Labor Force Development, Competition, Risk, Economic Development, Aging (Individuals), Population Trends, Leadership, Work Environment, Skilled Workers, Public Policy, Policy Formation, Advisory Committees, Barriers, Business, Talent, Self Concept, Taxes, Employment, Children, Employed Parents, Employer Employee Relationship, Occupational Mobility, Family Work Relationship, Older Adults, Females, Young Adults, Trend Analysis, Low Income, One Parent Family, Relocation, Minimum Wage
Committee for Economic Development of The Conference Board. 1530 Wilson Boulevard Suite 400, Arlington, VA. Tel: 800-676-7353; Tel: 202-296-5860; Fax: 202-223-0776; e-mail: info@ced.org
Publication Type: Reports - Research; Numerical/Quantitative Data
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Committee for Economic Development of The Conference Board (CED)
Grant or Contract Numbers: N/A