Why should we invest in our workforce?

Our country can only reach its economic potential through strong alignment between employer needs and a skilled workforce. Despite an improving economy and numerous programs, significant labor market challenges persist for both workers and employers.

Reframing and reimagining workforce development efforts as investments—not just social services—can lead to larger scale solutions and more accountable outcomes.

Investing in workforce development can bolster the equitable and efficient use of resources. It can lead to better outcomes for individuals as well as more competitive businesses and regional economic growth. And it can help us unlock the potential of our nation’s workforce.

Businesses, government, non-profit, and philanthropic organizations have an opportunity to partner and rethink policy and investments, attract new resources, and improve economic mobility for workers. In addition to surfacing new funding sources, partners can come together to leverage existing investments towards even greater impact.

A stronger workforce supports a stronger economy. Investing in America’s Workforce aims to further that goal through a series of forums to gather information and ideas from people working at the intersection of training, recruitment, and finance; presenting and discussing promising approaches at a national conference; and sharing an analysis of what we learn in a forthcoming book.

Together, we will create a foundation from which a new era of investment in America’s workforce can grow.

Investing in America's Workforce is a Federal Reserve System initiative in collaboration with the John J. Heldrich Center for Workforce Development at Rutgers University, the Ray Marshall Center of the Lyndon B. Johnson School at the University of Texas, and the W.E. Upjohn Institute for Employment Research.

© 2018 Investing in America's Workforce