Manufacturing environments are commonly thought of as dark, dangerous factories designed for workers with limited skills. That’s not true of today’s manufacturing industry. Modern manufacturing is technologically advanced, with ample use of technology through automation, 3D printing, robotics and nanotechnology.
That being said, the manufacturing industry is in crisis. There is a shortage of workers educated in Science, Technology, Engineering and Mathematics (STEM) fields. The need for skilled workers is steadily on the rise. The 2015 Manufacturing Institute and Deloitte Skills Gap Study confirmed the shortage of skilled manufacturing labor here in the US and reported little is expected to change during the next decade. Through 2025, close to 3.5 million manufacturing jobs are likely to open, but 2 million will remain unfilled because there are not enough workers with the right skill sets. Right now, 60% open skilled production positions remain unfilled.
The study found executives believe the skilled labor shortage will affect their ability to:
If the US is to maintain its leadership in manufacturing — a sector that contributes greatly to the health of the overall economy, producing $1.7 trillion in goods, making up nearly 12% of the GDP (13% of the GSP for MO) and employing 9% of Americans (and Missourians alike) — the crisis in STEM and manufacturing education must be corrected.
Manufacturing is a major component of Missouri’s economy, contributing over $36 billion (in 2013) towards gross state product. Missouri is home to 6,642 manufacturing firms, which collectively employ 252,724 workers, representing 11% of Missouri’s total employment.
Manufacturing and indirect industries together added $73.5 billion, or more than 25% of Missouri’s GSP ($276 billion in 2013). Overall, nearly 700,000 Missourians are employed in, or supported by, manufacturing. Missouri manufacturing workers earned an average annual salary of $52,894, which is 18% more than the average wage across all industries in the state. In terms of value added per manufacturing worker, each direct employee contributed over $140,000 towards the GSP of Missouri.
MAM's SKILLSOURCE is addressing critical issues such as skills gap and technical workforce development through the promotion of manufacturing as a desirable career choice; the support of training programs that result in nationally portable, industry-recognized credentials; and the increased accessibility of internship, externship and apprenticeship programs, advanced training funding sources and scholarships.
Missouri manufacturers will benefit from our new SKILLSOURCE program through:
Quarterly Census of Employment and Wages, 2013, Bureau of Labor Statistics.
2015 Skills Gap Study, Manufacturing Institute and Deloitte Consulting LLP, Aug. 2014.
The Missouri Association of Manufacturers (MAM) utilizes its strength in numbers to develop strategic partnerships and negotiate exclusive member benefits and programs. The goal is to achieve lower pricing or greater advantages than members can obtain on their own. Access to MAM benefits and programs is available with MAM membership only.
Not a member? Call 417-863-7262 or email email@example.com to learn how your company can benefit from MAM membership.