Only one-fifth of federal investments in postsecondary education support workforce development for fields like construction and manufacturing, while the rest of the money goes to “traditional” degree programs according to a new report on federal workforce funding levels. The report, produced by the Progressive Policy Institute, the Associated General Contractors of America and Procore, notes this funding gap is making it hard for many employers to find qualified workers to hire. The report, titled Building a Stronger Workforce: Federal Spending on Postsecondary Education and Training, notes that of the $139.5 billion the federal government spends annually on postsecondary education, only $28.2 billion goes to workforce education and training programs. The other $111.3 billion supports “traditional” degree programs that only 38% of Americans complete. … Read more
New Report Details Federal Funding Gap For Workforce Prep Despite Persistent Labor Needs
Filed under: Economic NewsTagged with: FastForward program, Progressive Policy Institute